Victory Capital Management Inc. Sells 318,966 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Victory Capital Management Inc. lowered its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 35.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 579,826 shares of the company’s stock after selling 318,966 shares during the quarter. Victory Capital Management Inc. owned approximately 0.07% of Mobileye Global worth $25,118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MBLY. Wisconsin Capital Management LLC grew its holdings in Mobileye Global by 25.2% during the 4th quarter. Wisconsin Capital Management LLC now owns 27,328 shares of the company’s stock valued at $1,184,000 after buying an additional 5,500 shares in the last quarter. Illinois Municipal Retirement Fund bought a new stake in Mobileye Global in the 4th quarter valued at $672,000. Capital Investment Advisory Services LLC increased its holdings in Mobileye Global by 2.8% in the 4th quarter. Capital Investment Advisory Services LLC now owns 14,700 shares of the company’s stock valued at $637,000 after acquiring an additional 400 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Mobileye Global by 219.9% in the 4th quarter. Handelsbanken Fonder AB now owns 46,605 shares of the company’s stock worth $2,019,000 after purchasing an additional 32,037 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Mobileye Global by 43.0% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 386,477 shares of the company’s stock valued at $16,744,000 after purchasing an additional 116,276 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $28.67 on Thursday. The company has a market cap of $23.11 billion, a PE ratio of -136.52, a P/E/G ratio of 19.69 and a beta of 0.12. The firm’s 50 day moving average price is $29.89 and its 200-day moving average price is $32.98. Mobileye Global Inc. has a 52-week low of $23.49 and a 52-week high of $47.41.

Analyst Ratings Changes

Several brokerages have recently issued reports on MBLY. Canaccord Genuity Group lifted their target price on Mobileye Global from $31.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 26th. TD Cowen increased their target price on Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Citigroup reduced their price target on shares of Mobileye Global from $58.00 to $53.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Morgan Stanley downgraded shares of Mobileye Global from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $26.00 to $25.00 in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.39.

Insiders Place Their Bets

In related news, Director Patrick P. Gelsinger bought 1,611 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price of $28.17 per share, with a total value of $45,381.87. Following the transaction, the director now owns 132,706 shares of the company’s stock, valued at $3,738,328.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Patrick P. Gelsinger bought 2,000 shares of the stock in a transaction on Monday, April 29th. The stock was bought at an average cost of $27.53 per share, for a total transaction of $55,060.00. Following the completion of the purchase, the director now directly owns 131,095 shares in the company, valued at $3,609,045.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Patrick P. Gelsinger purchased 1,611 shares of Mobileye Global stock in a transaction dated Wednesday, May 1st. The shares were acquired at an average cost of $28.17 per share, for a total transaction of $45,381.87. Following the completion of the transaction, the director now 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. 2.60% of the stock is owned by company insiders.

About Mobileye Global

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.