Phoenix Financial Ltd. Cuts Position in Mobileye Global Inc. $MBLY

Phoenix Financial Ltd. reduced its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 62.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 494,238 shares of the company’s stock after selling 821,654 shares during the period. Phoenix Financial Ltd. owned about 0.06% of Mobileye Global worth $6,979,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Mobileye Global in the second quarter valued at approximately $31,000. Rhumbline Advisers acquired a new stake in Mobileye Global during the 1st quarter worth approximately $27,000. Tower Research Capital LLC TRC lifted its holdings in Mobileye Global by 464.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,288 shares of the company’s stock worth $59,000 after buying an additional 2,705 shares in the last quarter. KBC Group NV purchased a new position in Mobileye Global in the 2nd quarter valued at approximately $65,000. Finally, CoreCap Advisors LLC boosted its position in Mobileye Global by 1,337.3% in the 3rd quarter. CoreCap Advisors LLC now owns 5,476 shares of the company’s stock valued at $77,000 after buying an additional 5,095 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Up 3.6%

NASDAQ:MBLY opened at $10.15 on Tuesday. The company has a market capitalization of $8.26 billion, a PE ratio of -20.71, a P/E/G ratio of 3.42 and a beta of 0.57. Mobileye Global Inc. has a 52-week low of $9.75 and a 52-week high of $20.18. The stock’s 50 day moving average price is $10.99 and its 200 day moving average price is $13.08.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.06 EPS for the quarter, meeting analysts’ consensus estimates of $0.06. The company had revenue of $446.00 million for the quarter, compared to analyst estimates of $430.69 million. Mobileye Global had a negative net margin of 20.70% and a positive return on equity of 0.21%. Mobileye Global’s quarterly revenue was down 9.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 earnings per share. As a group, sell-side analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Tigress Financial upped their price objective on Mobileye Global from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Mizuho cut their price target on Mobileye Global from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. HSBC lowered Mobileye Global from a “buy” rating to a “hold” rating and set a $11.00 price target on the stock. in a research report on Friday. Zacks Research downgraded Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Mobileye Global from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and a consensus target price of $15.89.

Mobileye Global Company Profile

Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.

Founded in 1999 by Prof.