Capital Investment Advisory Services LLC Has $637,000 Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Capital Investment Advisory Services LLC increased its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 2.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,700 shares of the company’s stock after purchasing an additional 400 shares during the period. Capital Investment Advisory Services LLC’s holdings in Mobileye Global were worth $637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MBLY. Venturi Wealth Management LLC raised its position in Mobileye Global by 33.3% during the third quarter. Venturi Wealth Management LLC now owns 1,200 shares of the company’s stock valued at $50,000 after purchasing an additional 300 shares in the last quarter. Wealth Management Partners LLC boosted its stake in Mobileye Global by 3.1% in the third quarter. Wealth Management Partners LLC now owns 11,723 shares of the company’s stock valued at $487,000 after buying an additional 350 shares in the last quarter. CWM LLC acquired a new position in Mobileye Global during the third quarter worth about $25,000. PNC Financial Services Group Inc. lifted its holdings in shares of Mobileye Global by 52.9% in the third quarter. PNC Financial Services Group Inc. now owns 2,266 shares of the company’s stock worth $94,000 after acquiring an additional 784 shares during the last quarter. Finally, S. R. Schill & Associates grew its holdings in shares of Mobileye Global by 7.6% during the 3rd quarter. S. R. Schill & Associates now owns 12,005 shares of the company’s stock valued at $499,000 after purchasing an additional 848 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 3,600 shares of the company’s stock in a transaction on Monday, January 29th. The shares were purchased at an average cost of $27.75 per share, with a total value of $99,900.00. Following the completion of the purchase, the director now owns 129,095 shares of the company’s stock, valued at $3,582,386.25. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

Mobileye Global Stock Down 0.4 %

MBLY opened at $30.12 on Tuesday. The company has a fifty day moving average price of $28.88 and a two-hundred day moving average price of $33.58. Mobileye Global Inc. has a 1-year low of $23.49 and a 1-year high of $47.41.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The business had revenue of $637.00 million for the quarter, compared to the consensus estimate of $637.53 million. During the same period in the prior year, the business earned $0.27 EPS. The firm’s revenue for the quarter was up 12.7% on a year-over-year basis. On average, equities analysts expect that Mobileye Global Inc. will post 0.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MBLY shares. Mizuho cut their target price on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. JPMorgan Chase & Co. increased their target price on Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a report on Friday, April 12th. Bank of America downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $47.00 to $22.00 in a research report on Thursday, January 4th. Finally, Needham & Company LLC cut their price target on shares of Mobileye Global from $43.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.62.

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.