Ayalon Insurance Comp Ltd. Has $1.92 Million Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Ayalon Insurance Comp Ltd. lowered its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 2.5% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 68,492 shares of the company’s stock after selling 1,727 shares during the period. Ayalon Insurance Comp Ltd.’s holdings in Mobileye Global were worth $1,924,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Baillie Gifford & Co. raised its holdings in Mobileye Global by 89.8% in the 1st quarter. Baillie Gifford & Co. now owns 15,985,212 shares of the company’s stock valued at $513,925,000 after acquiring an additional 7,560,929 shares during the period. Norges Bank bought a new position in Mobileye Global in the 4th quarter valued at about $437,842,000. Kodai Capital Management LP bought a new position in Mobileye Global in the 4th quarter valued at about $148,924,000. Wellington Management Group LLP raised its holdings in Mobileye Global by 200.3% in the 4th quarter. Wellington Management Group LLP now owns 3,398,211 shares of the company’s stock valued at $147,210,000 after acquiring an additional 2,266,438 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of Mobileye Global by 25.8% during the 4th quarter. Franklin Resources Inc. now owns 2,622,704 shares of the company’s stock worth $113,616,000 after acquiring an additional 538,371 shares in the last quarter. 13.25% of the stock is owned by institutional investors.

Mobileye Global Stock Up 1.6 %

Mobileye Global stock traded up $0.24 during midday trading on Wednesday, hitting $15.16. 3,060,185 shares of the stock were exchanged, compared to its average volume of 4,460,281. Mobileye Global Inc. has a 52-week low of $13.83 and a 52-week high of $44.48. The stock has a market capitalization of $12.22 billion, a price-to-earnings ratio of -72.19, a price-to-earnings-growth ratio of 29.75 and a beta of 0.13. The business’s 50-day moving average price is $22.90 and its 200-day moving average price is $26.55.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $439.00 million for the quarter, compared to analysts’ expectations of $424.34 million. During the same period in the previous year, the company earned $0.11 earnings per share. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. On average, sell-side analysts predict that Mobileye Global Inc. will post 0.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on MBLY. Daiwa Capital Markets lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. UBS Group reduced their price target on shares of Mobileye Global from $22.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Morgan Stanley upgraded shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and reduced their price target for the stock from $25.00 to $18.00 in a research report on Friday, August 2nd. Citigroup cut their target price on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, Westpark Capital restated a “hold” rating on shares of Mobileye Global in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $31.42.

Insider Buying and Selling at Mobileye Global

In related news, CEO Amnon Shashua bought 631,963 shares of the company’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the purchase, the chief executive officer now directly owns 4,080,097 shares in the company, valued at $67,362,401.47. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In other Mobileye Global news, Director Patrick P. Gelsinger purchased 6,400 shares of the stock in a transaction dated Monday, August 5th. The shares were bought at an average price of $15.48 per share, with a total value 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 transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Amnon Shashua purchased 631,963 shares of the stock in a transaction dated Friday, August 2nd. The stock was acquired at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the transaction, 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. Corporate insiders own 1.80% of the company’s stock.

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.