SeaCrest Wealth Management LLC Has $855,000 Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

SeaCrest Wealth Management LLC raised its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 73.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,373 shares of the company’s stock after buying an additional 26,349 shares during the period. SeaCrest Wealth Management LLC’s holdings in Mobileye Global were worth $855,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Renaissance Capital LLC boosted its position in Mobileye Global by 20.0% during the third quarter. Renaissance Capital LLC now owns 95,903 shares of the company’s stock valued at $1,314,000 after purchasing an additional 16,013 shares during the last quarter. Washington Capital Management Inc. lifted its holdings in shares of Mobileye Global by 178.4% during the 3rd quarter. Washington Capital Management Inc. now owns 34,800 shares of the company’s stock valued at $477,000 after buying an additional 22,300 shares during the last quarter. Polianta Ltd grew its stake in shares of Mobileye Global by 139.1% in the 3rd quarter. Polianta Ltd now owns 96,100 shares of the company’s stock valued at $1,316,000 after buying an additional 55,900 shares in the last quarter. Guinness Atkinson Asset Management Inc increased its holdings in Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after buying an additional 1,257 shares during the last quarter. Finally, Tobam raised its position in Mobileye Global by 52.2% during the third quarter. Tobam now owns 132,015 shares of the company’s stock valued at $1,809,000 after acquiring an additional 45,268 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MBLY. Morgan Stanley upgraded shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $25.00 to $18.00 in a report on Friday, August 2nd. Barclays reduced their price target on Mobileye Global from $27.00 to $19.00 and set an “overweight” rating for the company in a research report on Tuesday. BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a report on Wednesday, October 2nd. Daiwa Capital Markets lowered Mobileye Global from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, Westpark Capital reiterated a “hold” rating on shares of Mobileye Global in a report on Wednesday, July 31st. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.55.

Insider Buying and Selling

In related news, CEO Amnon Shashua purchased 631,963 shares of the stock in a transaction on Friday, August 2nd. The shares were purchased at an average cost of $16.51 per share, for a total transaction of $10,433,709.13. Following the completion of the transaction, the chief executive officer now directly owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Patrick P. Gelsinger purchased 6,400 shares of Mobileye Global stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $15.48 per share, for a total transaction of $99,072.00. Following the completion of the transaction, the director now directly owns 139,106 shares in the company, valued at approximately $2,153,360.88. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Amnon Shashua acquired 631,963 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were purchased at an average cost of $16.51 per share, with a total value of $10,433,709.13. Following the acquisition, the chief executive officer now owns 4,080,097 shares of the company’s stock, valued at approximately $67,362,401.47. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. 1.80% of the stock is owned by corporate insiders.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $12.13 on Thursday. The company’s fifty day moving average price is $13.18 and its two-hundred day moving average price is $22.31. The firm has a market capitalization of $9.82 billion, a PE ratio of -57.76 and a beta of 0.08. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $44.48.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $439.00 million during the quarter, compared to analyst estimates of $424.34 million. Mobileye Global had a negative net margin of 12.14% and a positive return on equity of 1.32%. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share. Analysts predict that Mobileye Global Inc. will post -0.06 earnings per share for the current fiscal 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.