Deutsche Bank AG Sells 2,267 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Deutsche Bank AG lowered its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 23.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 7,395 shares of the company’s stock after selling 2,267 shares during the period. Deutsche Bank AG’s holdings in Mobileye Global were worth $147,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MBLY. Parkside Financial Bank & Trust grew its stake in shares of Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after purchasing an additional 737 shares during the period. Global Retirement Partners LLC grew its stake in shares of Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares during the period. Impax Asset Management Group plc grew its stake in shares of Mobileye Global by 3.0% in the 4th quarter. Impax Asset Management Group plc now owns 65,500 shares of the company’s stock valued at $1,305,000 after purchasing an additional 1,927 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in Mobileye Global in the fourth quarter valued at $40,000. Finally, Ancora Advisors LLC bought a new stake in Mobileye Global in the fourth quarter valued at $40,000. Institutional investors own 13.25% of the company’s stock.

Insider Activity

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total value of $1,085,962.37. Following the transaction, the executive vice president now directly owns 107,853 shares of the company’s stock, valued at approximately $1,735,354.77. This trade represents a 38.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.80% of the company’s stock.

Mobileye Global Stock Up 5.0%

Mobileye Global stock opened at $16.67 on Wednesday. The business’s 50-day simple moving average is $14.70 and its 200 day simple moving average is $16.20. The stock has a market cap of $13.54 billion, a price-to-earnings ratio of -4.36, a P/E/G ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $33.26.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $438.00 million for the quarter, compared to analysts’ expectations of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The firm’s quarterly revenue was up 83.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.07) earnings per share. As a group, sell-side analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MBLY. Needham & Company LLC lowered their price target on Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. UBS Group lowered their target price on shares of Mobileye Global from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. The Goldman Sachs Group decreased their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Thursday, April 10th. Robert W. Baird upped their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Finally, TD Cowen upped their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mobileye Global currently has a consensus rating of “Hold” and an average price target of $18.63.

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.