162,614 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Bought by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the second quarter, HoldingsChannel reports. The firm acquired 162,614 shares of the company’s stock, valued at approximately $4,567,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Register Financial Advisors LLC bought a new stake in Mobileye Global during the 1st quarter worth about $32,000. Newbridge Financial Services Group Inc. bought a new stake in Mobileye Global during the 4th quarter worth about $77,000. Cranbrook Wealth Management LLC bought a new stake in Mobileye Global during the 2nd quarter worth about $84,000. Natixis Investment Managers International bought a new stake in Mobileye Global during the 1st quarter worth about $99,000. Finally, EverSource Wealth Advisors LLC lifted its position in Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after buying an additional 3,478 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MBLY shares. The Goldman Sachs Group dropped their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday. Barclays dropped their target price on shares of Mobileye Global from $40.00 to $27.00 and set an “overweight” rating on the stock in a report on Monday, August 5th. Robert W. Baird dropped their target price on shares of Mobileye Global from $40.00 to $29.00 and set an “outperform” rating on the stock in a report on Friday, August 2nd. JPMorgan Chase & Co. cut shares of Mobileye Global from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $38.00 to $24.00 in a report on Wednesday, July 31st. Finally, BNP Paribas cut shares of Mobileye Global from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $29.35.

Mobileye Global Trading Down 1.9 %

Shares of Mobileye Global stock opened at $13.44 on Wednesday. The company has a 50 day moving average of $14.51 and a 200-day moving average of $23.68. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $44.48. The company has a market cap of $10.88 billion, a PE ratio of -64.00 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Research analysts forecast that Mobileye Global Inc. will post -0.06 earnings per share for the current year.

Insider Transactions at Mobileye Global

In related news, CEO Amnon Shashua acquired 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was acquired at an average price of $16.51 per share, with a total value of $10,433,709.13. Following the purchase, the chief executive officer now directly owns 4,080,097 shares in the company, valued at $67,362,401.47. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Patrick P. Gelsinger acquired 6,400 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average price of $15.48 per share, with a total value of $99,072.00. Following the purchase, the director now directly owns 139,106 shares in the company, valued at $2,153,360.88. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amnon Shashua acquired 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was bought at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the purchase, the chief executive officer now owns 4,080,097 shares in the company, valued at $67,362,401.47. The disclosure for this purchase can be found here. 1.80% of the stock is currently owned by insiders.

Mobileye Global Company Profile

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.