Carlson Capital L P Makes New $3.52 Million Investment in Mobileye Global Inc. (NASDAQ:MBLY)

Carlson Capital L P bought a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 91,500 shares of the company’s stock, valued at approximately $3,515,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Jennison Associates LLC raised its stake in shares of Mobileye Global by 85.2% during the second quarter. Jennison Associates LLC now owns 16,132,453 shares of the company’s stock valued at $619,809,000 after purchasing an additional 7,421,694 shares during the period. Norges Bank purchased a new stake in Mobileye Global during the 4th quarter worth $423,732,000. Baillie Gifford & Co. lifted its holdings in Mobileye Global by 37.5% in the 2nd quarter. Baillie Gifford & Co. now owns 8,495,206 shares of the company’s stock worth $326,386,000 after buying an additional 2,319,071 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Mobileye Global in the 4th quarter valued at about $82,304,000. Finally, T. Rowe Price Investment Management Inc. acquired a new stake in shares of Mobileye Global during the fourth quarter valued at about $77,203,000. 14.85% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mobileye Global

In related news, Director Claire C. Mccaskill purchased 27,819 shares of Mobileye Global stock in a transaction dated Tuesday, October 31st. The stock was bought at an average cost of $35.95 per share, with a total value of $1,000,093.05. Following the purchase, the director now owns 27,819 shares in the company, valued at approximately $1,000,093.05. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Claire C. Mccaskill acquired 27,819 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were bought at an average price of $35.95 per share, with a total value of $1,000,093.05. Following the purchase, the director now owns 27,819 shares of the company’s stock, valued at $1,000,093.05. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Patrick P. Gelsinger bought 2,845 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were purchased at an average cost of $35.18 per share, with a total value of $100,087.10. Following the purchase, the director now directly owns 125,495 shares of the company’s stock, valued at $4,414,914.10. The disclosure for this purchase can be found here. 2.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Tigress Financial boosted their price target on Mobileye Global from $52.00 to $56.00 and gave the stock a “buy” rating in a research note on Thursday, September 28th. Morgan Stanley raised their price target on shares of Mobileye Global from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, October 30th. Needham & Company LLC reaffirmed a “buy” rating and issued a $43.00 price target on shares of Mobileye Global in a report on Friday, October 27th. Canaccord Genuity Group raised their price objective on shares of Mobileye Global from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, StockNews.com lowered shares of Mobileye Global from a “hold” rating to a “sell” rating in a research note on Sunday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $47.80.

Mobileye Global Price Performance

MBLY stock traded up $0.49 on Friday, reaching $41.50. The company’s stock had a trading volume of 1,331,449 shares, compared to its average volume of 2,043,711. Mobileye Global Inc. has a 52 week low of $26.17 and a 52 week high of $48.11. The company has a market capitalization of $33.43 billion and a P/E ratio of -518.69. The firm has a fifty day moving average of $37.85 and a two-hundred day moving average of $39.10.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, October 26th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.04. Mobileye Global had a positive return on equity of 3.23% and a negative net margin of 2.99%. The company had revenue of $530.00 million during the quarter, compared to analysts’ expectations of $530.77 million. As a group, equities analysts expect that Mobileye Global Inc. will post 0.5 EPS for the current fiscal year.

Mobileye Global Profile

Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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.