Vontobel Holding Ltd. Has $4.33 Million Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Vontobel Holding Ltd. decreased its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 19.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,892 shares of the company’s stock after selling 24,751 shares during the quarter. Vontobel Holding Ltd.’s holdings in Mobileye Global were worth $4,327,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Birch Hill Investment Advisors LLC acquired a new stake in Mobileye Global during the 4th quarter valued at $19,017,000. International Assets Investment Management LLC increased its position in Mobileye Global by 163.7% during the 4th quarter. International Assets Investment Management LLC now owns 2,816 shares of the company’s stock worth $122,000 after buying an additional 1,748 shares during the period. DekaBank Deutsche Girozentrale increased its position in Mobileye Global by 5.4% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 1,392,387 shares of the company’s stock worth $61,042,000 after buying an additional 71,000 shares during the period. Venturi Wealth Management LLC increased its position 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 buying an additional 400 shares during the period. Finally, DAVENPORT & Co LLC increased its position in Mobileye Global by 2.0% during the 4th quarter. DAVENPORT & Co LLC now owns 1,956,339 shares of the company’s stock worth $85,109,000 after buying an additional 38,667 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Up 2.8 %

Mobileye Global stock opened at $30.96 on Thursday. The stock’s 50 day moving average is $28.69 and its 200 day moving average is $33.85. Mobileye Global Inc. has a one year low of $23.49 and a one year high of $47.41.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $637.00 million during the quarter, compared to the consensus estimate of $637.53 million. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.27 earnings per share. On average, equities research analysts forecast that Mobileye Global Inc. will post 0.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

MBLY has been the topic of several recent research reports. Needham & Company LLC lowered their price objective on Mobileye Global from $43.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, January 5th. JPMorgan Chase & Co. increased their price objective on Mobileye Global from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Raymond James lowered their price objective on Mobileye Global from $48.00 to $40.00 in a research report on Monday, January 22nd. Piper Sandler started coverage on Mobileye Global in a research report on Friday, March 15th. They issued a “neutral” rating and a $31.00 price target on the stock. Finally, Mizuho decreased their price target on Mobileye Global from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.91.

Insider Buying and Selling

In related news, Director Patrick P. Gelsinger purchased 3,600 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average price of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the acquisition, the director now owns 129,095 shares of the company’s stock, valued at approximately $3,582,386.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

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.