Ayalon Insurance Comp Ltd. Has $1.17 Million Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Ayalon Insurance Comp Ltd. grew its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 24.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 85,057 shares of the company’s stock after purchasing an additional 16,565 shares during the quarter. Ayalon Insurance Comp Ltd.’s holdings in Mobileye Global were worth $1,165,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in MBLY. Advisors Asset Management Inc. grew its stake in shares of Mobileye Global by 9.9% in the first quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company’s stock valued at $277,000 after acquiring an additional 774 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of Mobileye Global by 24.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock worth $203,000 after purchasing an additional 1,248 shares in the last quarter. Guinness Atkinson Asset Management Inc increased its holdings in shares of Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after purchasing an additional 1,257 shares during the period. Levin Capital Strategies L.P. raised its position in shares of Mobileye Global by 11.1% in the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock valued at $406,000 after buying an additional 1,441 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Mobileye Global by 64.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,736 shares of the company’s stock valued at $162,000 after buying an additional 1,470 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on MBLY shares. Robert W. Baird dropped their price target on Mobileye Global from $40.00 to $29.00 and set an “outperform” rating for the company in a research note on Friday, August 2nd. HSBC started coverage on shares of Mobileye Global in a report on Monday, July 15th. They set a “buy” rating and a $33.00 price target for the company. Mizuho cut shares of Mobileye Global from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $30.00 to $13.00 in a research note on Friday, October 11th. Hsbc Global Res upgraded Mobileye Global to a “strong-buy” rating in a research note on Monday, July 15th. Finally, Fox Advisors lowered Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mobileye Global currently has an average rating of “Hold” and an average target price of $25.55.

Mobileye Global Trading Down 6.4 %

NASDAQ:MBLY opened at $12.42 on Thursday. The firm has a fifty day simple moving average of $12.78 and a two-hundred day simple moving average of $20.98. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $44.48. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of -59.14 and a beta of 0.08.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, August 1st. The company reported $0.09 EPS for the quarter, beating the consensus estimate 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 company had revenue of $439.00 million during the quarter, compared to the consensus estimate of $424.34 million. During the same period last year, the business posted $0.11 EPS. The firm’s revenue for the quarter was down 3.3% compared to the same quarter last year. Equities analysts predict that Mobileye Global Inc. will post -0.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Mobileye Global

In related news, Director Patrick P. Gelsinger purchased 6,400 shares of the business’s stock in a transaction on Monday, August 5th. The stock was acquired at an average price of $15.48 per share, for a total transaction of $99,072.00. Following the purchase, the director now owns 139,106 shares of the company’s stock, valued at approximately $2,153,360.88. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CEO Amnon Shashua purchased 631,963 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the acquisition, the chief executive officer now owns 4,080,097 shares in the company, valued at $67,362,401.47. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick P. Gelsinger acquired 6,400 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was purchased at an average price of $15.48 per share, with a total value of $99,072.00. Following the purchase, the director now owns 139,106 shares in the company, valued at approximately $2,153,360.88. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. 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.