Park Avenue Securities LLC Buys Shares of 16,044 Mobileye Global Inc. (NASDAQ:MBLY)

Park Avenue Securities LLC bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 16,044 shares of the company’s stock, valued at approximately $516,000.

A number of other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its holdings in Mobileye Global by 33.3% in the fourth quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock valued at $69,000 after acquiring an additional 400 shares during the period. Capital Investment Advisory Services LLC raised its stake in shares of Mobileye Global by 2.8% in the fourth quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock worth $637,000 after buying an additional 400 shares during the period. Green Alpha Advisors LLC raised its stake in shares of Mobileye Global by 2.6% in the first quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock worth $630,000 after buying an additional 500 shares during the period. Principal Securities Inc. bought a new position in shares of Mobileye Global in the fourth quarter worth about $28,000. Finally, National Bank of Canada FI raised its stake in shares of Mobileye Global by 90.0% in the fourth quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock worth $59,000 after buying an additional 675 shares during the period. Institutional investors own 13.25% of the company’s stock.

Insider Transactions at Mobileye Global

In related news, Director Patrick P. Gelsinger bought 2,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was purchased at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the acquisition, the director now owns 131,095 shares in the company, valued at $3,609,045.35. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In other Mobileye Global news, Director Patrick P. Gelsinger acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, April 29th. The stock was bought at an average price of $27.53 per share, for a total transaction of $55,060.00. Following the acquisition, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Patrick P. Gelsinger acquired 1,611 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were acquired at an average price of $28.17 per share, with a total value of $45,381.87. Following the acquisition, the director now owns 132,706 shares in the company, valued at $3,738,328.02. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.

Mobileye Global Price Performance

NASDAQ MBLY opened at $28.09 on Friday. The stock has a market capitalization of $22.64 billion, a PE ratio of -133.73, a P/E/G ratio of 43.78 and a beta of 0.03. The business has a 50 day simple moving average of $28.08 and a two-hundred day simple moving average of $30.10. Mobileye Global Inc. has a 1-year low of $23.49 and a 1-year high of $45.10.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.03). The company had revenue of $239.00 million during the quarter, compared to analysts’ expectations of $226.60 million. Mobileye Global had a positive return on equity of 1.76% and a negative net margin of 8.92%. On average, analysts anticipate that Mobileye Global Inc. will post 0.09 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on MBLY shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Mobileye Global in a research note on Friday, April 26th. Citigroup decreased their price objective on Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Canaccord Genuity Group raised their price objective on Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Morgan Stanley downgraded Mobileye Global from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $26.00 to $25.00 in a research note on Friday, April 26th. Finally, TD Cowen lifted their target price on Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Mobileye Global currently has an average rating of “Moderate Buy” and a consensus price target of $39.19.

About Mobileye Global

Mobileye Global Inc develops and deploys advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company operates through Mobileye and Other segments. It offers Driver Assist comprising ADAS and autonomous vehicle solutions that covers safety features, such as real-time detection of road users, geometry, semantics, and markings to provide safety alerts and emergency interventions; Cloud-Enhanced Driver Assist, a solution for drivers with interpretations of a scene in real-time; Mobileye SuperVision Lite, a navigation and assisted driving solution; and Mobileye SuperVision, an operational point-to-point assisted driving navigation solution on various road types and includes cloud-based enhancements, such as road experience management.