Principal Financial Group Inc. Raises Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Principal Financial Group Inc. lifted its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 30.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 409,547 shares of the company’s stock after buying an additional 96,415 shares during the period. Principal Financial Group Inc. owned approximately 0.05% of Mobileye Global worth $17,742,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in Mobileye Global by 33.3% during the 4th quarter. Venturi Wealth Management LLC now owns 1,600 shares of the company’s stock worth $69,000 after purchasing an additional 400 shares during the period. Capital Investment Advisory Services LLC boosted its stake in shares of Mobileye Global by 2.8% during the fourth quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock worth $637,000 after buying an additional 400 shares during the period. Principal Securities Inc. purchased a new position in shares of Mobileye Global during the fourth quarter worth about $28,000. National Bank of Canada FI increased its position in Mobileye Global by 90.0% in the 4th quarter. National Bank of Canada FI now owns 1,425 shares of the company’s stock valued at $59,000 after acquiring an additional 675 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in Mobileye Global by 52.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,266 shares of the company’s stock valued at $94,000 after acquiring an additional 784 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Mobileye Global

In related news, Director Patrick P. Gelsinger purchased 2,000 shares of the business’s stock in a transaction dated Monday, April 29th. The stock was bought at an average cost of $27.53 per share, with a total value of $55,060.00. Following the completion of the acquisition, the director now directly owns 131,095 shares in the company, valued at approximately $3,609,045.35. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Patrick P. Gelsinger purchased 2,000 shares of the stock in a transaction dated Monday, April 29th. The stock was acquired at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the acquisition, the director now directly owns 131,095 shares in the company, valued at approximately $3,609,045.35. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Patrick P. Gelsinger acquired 1,611 shares of Mobileye Global stock in a transaction that occurred on Wednesday, May 1st. The shares were purchased at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the purchase, the director now directly owns 132,706 shares of the company’s stock, valued at approximately $3,738,328.02. The disclosure for this purchase can be found here. 1.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Canaccord Genuity Group lifted their target price on Mobileye Global from $31.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and issued a $36.00 price objective on shares of Mobileye Global in a research note on Friday, April 26th. Barclays lowered their target price on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating on the stock in a report on Friday, January 26th. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price target for the company in a report on Friday, April 12th. Finally, TD Cowen lifted their price objective on Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $40.39.

Mobileye Global Trading Up 1.1 %

Shares of NASDAQ MBLY opened at $27.81 on Thursday. The company’s 50-day moving average price is $30.07 and its 200 day moving average price is $32.46. Mobileye Global Inc. has a 52 week low of $23.49 and a 52 week high of $47.41. The stock has a market cap of $22.42 billion, a price-to-earnings ratio of -132.43, a PEG ratio of 18.16 and a beta of 0.12.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, April 25th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.03). Mobileye Global had a negative net margin of 8.92% and a positive return on equity of 1.76%. The business had revenue of $239.00 million during the quarter, compared to analyst estimates of $226.60 million. As a group, research analysts expect that Mobileye Global Inc. will post 0.1 earnings per share for the current year.

Mobileye Global 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.