Gradient Investments LLC Makes New $921,000 Investment in Mobileye Global Inc. $MBLY

Gradient Investments LLC acquired a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the second quarter, Holdings Channel.com reports. The fund acquired 95,148 shares of the company’s stock, valued at approximately $921,000.

A number of other hedge funds have also recently made changes to their positions in MBLY. NewEdge Advisors LLC grew its holdings in shares of Mobileye Global by 10.7% during the first quarter. NewEdge Advisors LLC now owns 31,228 shares of the company’s stock valued at $450,000 after buying an additional 3,019 shares during the last quarter. Rhumbline Advisers acquired a new stake in shares of Mobileye Global in the 1st quarter worth about $27,000. Creative Planning lifted its position in Mobileye Global by 10.2% in the 2nd quarter. Creative Planning now owns 18,316 shares of the company’s stock valued at $329,000 after acquiring an additional 1,693 shares in the last quarter. Cetera Investment Advisers bought a new position in Mobileye Global in the 2nd quarter valued at about $351,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Mobileye Global during the 2nd quarter valued at about $31,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Price Performance

Mobileye Global stock opened at $8.73 on Monday. Mobileye Global Inc. has a 52 week low of $6.47 and a 52 week high of $15.81. The company’s 50 day moving average price is $9.01 and its two-hundred day moving average price is $8.78. The stock has a market cap of $7.33 billion, a P/E ratio of -1.75, a P/E/G ratio of 2.98 and a beta of 1.20.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results on Thursday, July 23rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.13. The firm had revenue of $508.00 million for the quarter, compared to the consensus estimate of $480.51 million. Mobileye Global had a positive return on equity of 0.70% and a negative net margin of 201.49%.The company’s revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) EPS. On average, equities analysts anticipate that Mobileye Global Inc. will post 0.11 EPS for the current year.

Mobileye Global announced that its board has approved a share buyback program on Thursday, April 23rd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 3.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of brokerages have commented on MBLY. Berenberg Bank lowered Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 price objective for the company. in a report on Thursday, May 21st. Wall Street Zen raised Mobileye Global from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. BNP Paribas Exane decreased their price target on Mobileye Global from $11.50 to $8.50 and set a “neutral” rating for the company in a report on Wednesday, April 22nd. Canaccord Genuity Group lowered their price target on Mobileye Global from $17.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Finally, Mizuho dropped their price objective on Mobileye Global from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $12.64.

Insiders Place Their Bets

In other Mobileye Global news, Director Frank D. Yeary acquired 12,360 shares of Mobileye Global stock in a transaction on Thursday, July 30th. The stock was purchased at an average price of $7.98 per share, for a total transaction of $98,632.80. Following the purchase, the director directly owned 12,360 shares of the company’s stock, valued at $98,632.80. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 10.00% of the company’s stock.

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.