Natixis Investment Managers International Buys Shares of 3,086 Mobileye Global Inc. (NASDAQ:MBLY)

Natixis Investment Managers International purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the first quarter, according to its most recent filing with the SEC. The firm purchased 3,086 shares of the company’s stock, valued at approximately $99,000.

A number of other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC raised its position in shares of Mobileye Global by 33.3% in the 4th 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 position in shares of Mobileye Global by 2.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock valued at $637,000 after acquiring an additional 400 shares during the period. Green Alpha Advisors LLC raised its position in shares of Mobileye Global by 2.6% in the 1st quarter. Green Alpha Advisors LLC now owns 19,609 shares of the company’s stock valued at $630,000 after acquiring an additional 500 shares during the period. Principal Securities Inc. acquired a new stake in shares of Mobileye Global in the 4th quarter valued at approximately $28,000. Finally, Perigon Wealth Management LLC raised its position in shares of Mobileye Global by 6.7% in the 1st quarter. Perigon Wealth Management LLC now owns 10,592 shares of the company’s stock valued at $341,000 after acquiring an additional 664 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group lowered their target price on Mobileye Global from $36.00 to $33.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research note on Friday, April 12th. The Goldman Sachs Group lowered their target price on Mobileye Global from $40.00 to $32.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Hsbc Global Res raised Mobileye Global to a “strong-buy” rating in a research note on Monday, July 15th. Finally, TD Cowen increased their target price on Mobileye Global from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $37.44.

Mobileye Global Stock Down 5.4 %

Shares of NASDAQ MBLY traded down $1.21 during trading hours on Thursday, hitting $21.08. The company had a trading volume of 6,126,974 shares, compared to its average volume of 4,165,960. The stock has a market capitalization of $17.00 billion, a P/E ratio of -100.38, a price-to-earnings-growth ratio of 36.25 and a beta of 0.07. Mobileye Global Inc. has a 1-year low of $21.07 and a 1-year high of $44.48. The firm’s 50 day moving average is $26.90 and its 200-day moving average is $28.12.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). The company had revenue of $239.00 million during the quarter, compared to analyst estimates of $226.60 million. Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. On average, sell-side analysts predict that Mobileye Global Inc. will post 0.09 earnings per share for the current year.

Mobileye Global 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.