Mobileye Global Sees Unusually Large Options Volume (NASDAQ:MBLY)

Mobileye Global Inc. (NASDAQ:MBLY) saw some unusual options trading activity on Tuesday. Investors acquired 18,090 call options on the company. This represents an increase of approximately 90% compared to the typical volume of 9,527 call options.

Insider Activity at Mobileye Global

In other news, EVP Boaz Ouriel sold 67,493 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $16.09, for a total value of $1,085,962.37. Following the completion of the transaction, the executive vice president now directly owns 107,853 shares of the company’s stock, valued at approximately $1,735,354.77. The trade was a 38.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in MBLY. The Manufacturers Life Insurance Company raised its stake in Mobileye Global by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company’s stock worth $283,101,000 after acquiring an additional 621,062 shares in the last quarter. Norges Bank purchased a new stake in shares of Mobileye Global in the 4th quarter valued at about $95,937,000. DAVENPORT & Co LLC boosted its position in shares of Mobileye Global by 7.6% in the 1st quarter. DAVENPORT & Co LLC now owns 2,369,612 shares of the company’s stock valued at $34,111,000 after purchasing an additional 167,333 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Mobileye Global by 32.7% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,002,257 shares of the company’s stock worth $28,822,000 after buying an additional 493,281 shares during the last quarter. Finally, Primecap Management Co. CA increased its position in Mobileye Global by 9.0% during the first quarter. Primecap Management Co. CA now owns 1,966,200 shares of the company’s stock worth $28,303,000 after buying an additional 161,800 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MBLY. Piper Sandler lifted their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. UBS Group lowered their price target on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, April 10th. BNP Paribas raised Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 price objective on the stock in a report on Wednesday, April 23rd. Barclays reaffirmed an “equal weight” rating and set a $14.00 target price (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Finally, TD Cowen upped their target price on Mobileye Global from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, April 25th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global currently has a consensus rating of “Hold” and a consensus price target of $18.63.

Mobileye Global Trading Up 9.2%

MBLY traded up $1.51 on Tuesday, hitting $17.93. 4,704,606 shares of the company were exchanged, compared to its average volume of 5,388,459. Mobileye Global has a twelve month low of $10.48 and a twelve month high of $28.73. The company has a market cap of $14.56 billion, a price-to-earnings ratio of -4.87, a price-to-earnings-growth ratio of 132.89 and a beta of 0.48. The firm has a 50-day moving average price of $15.24 and a two-hundred day moving average price of $16.03.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $438.00 million during the quarter, compared to analysts’ expectations of $434.87 million. Mobileye Global had a negative net margin of 160.50% and a positive return on equity of 0.54%. The firm’s revenue was up 83.3% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.07) EPS. Equities analysts expect that Mobileye Global will post 0.01 EPS for the current year.

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.