Thrivent Financial for Lutherans Sells 377,024 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Thrivent Financial for Lutherans lessened its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 7.5% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,616,909 shares of the company’s stock after selling 377,024 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Mobileye Global were worth $129,666,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Principal Securities Inc. bought a new position in Mobileye Global during the 4th quarter worth about $28,000. Register Financial Advisors LLC acquired a new stake in Mobileye Global in the 1st quarter valued at approximately $32,000. Newbridge Financial Services Group Inc. bought a new stake in Mobileye Global in the 4th quarter valued at approximately $77,000. Cranbrook Wealth Management LLC acquired a new position in Mobileye Global during the 2nd quarter worth approximately $84,000. Finally, Natixis Investment Managers International bought a new position in shares of Mobileye Global during the 1st quarter worth approximately $99,000. Institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

MBLY has been the subject of several recent research reports. UBS Group reduced their target price on shares of Mobileye Global from $22.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Evercore ISI restated an “outperform” rating and issued a $35.00 price objective on shares of Mobileye Global in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $15.00 target price on shares of Mobileye Global in a report on Tuesday, September 10th. Fox Advisors downgraded Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird dropped their price objective on Mobileye Global from $40.00 to $29.00 and set an “outperform” rating on the stock in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.81.

Insiders Place Their Bets

In other Mobileye Global news, Director Patrick P. Gelsinger purchased 6,400 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the acquisition, the director now 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 the SEC website. In other news, Director Patrick P. Gelsinger acquired 6,400 shares of the firm’s stock in a transaction dated Monday, August 5th. The stock was bought at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the transaction, the director now directly owns 139,106 shares in the company, valued at approximately $2,153,360.88. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Amnon Shashua bought 631,963 shares of the company’s stock in a transaction that occurred on Friday, August 2nd. The stock was purchased at an average price of $16.51 per share, for a total transaction of $10,433,709.13. Following the acquisition, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at $67,362,401.47. The disclosure for this purchase can be found here. Insiders own 1.80% of the company’s stock.

Mobileye Global Stock Performance

Shares of MBLY opened at $12.38 on Friday. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of -58.95 and a beta of 0.08. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48. The stock has a fifty day moving average of $16.50 and a 200-day moving average of $24.54.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Mobileye Global had a positive return on equity of 1.32% and a negative net margin of 12.14%. The firm had revenue of $439.00 million for the quarter, compared to analyst estimates of $424.34 million. During the same period last year, the firm posted $0.11 earnings per share. The business’s revenue for the quarter was down 3.3% on a year-over-year basis. As a group, equities analysts forecast that Mobileye Global Inc. will post -0.07 EPS for the current year.

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.