Prudential Financial Boosts Mobileye Stake to 14.83%

TL;DR

**Prudential Financial just updated their Mobileye stake to 14.83% of the company!**

AI Summary

Prudential Financial, Inc. filed an amended SC 13G/A on February 12, 2024, disclosing its beneficial ownership in Mobileye Global Inc. common stock. Prudential now beneficially owns 14,033,006 shares, representing 14.83% of the class. This is an update to a previous filing, indicating a change in their ownership stake and providing transparency to investors about a significant institutional holder's position.

Why It Matters

This filing shows that a major institutional investor, Prudential Financial, has a significant and updated stake in Mobileye, which can signal confidence in the company's future to other investors.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently present significant new risks.

Analyst Insight

Investors should note that a large institutional investor like Prudential Financial maintains a substantial position in Mobileye Global Inc., which could be interpreted as a vote of confidence. However, this filing alone doesn't provide a reason to buy or sell, but rather an update on ownership structure.

Key Numbers

• 14,033,006 — Aggregate Shares Beneficially Owned (The total number of Mobileye Global Inc. shares Prudential Financial, Inc. beneficially owns.)
• 14.83% — Percent of Class (The percentage of Mobileye Global Inc.'s common stock beneficially owned by Prudential Financial, Inc.)
• 233,459 — Sole Voting Power Shares (The number of shares over which Prudential Financial, Inc. has sole voting power.)
• 13,106,005 — Shared Voting Power Shares (The number of shares over which Prudential Financial, Inc. has shared voting power.)
• 13,799,547 — Shared Dispositive Power Shares (The number of shares over which Prudential Financial, Inc. has shared dispositive power.)

Key Players & Entities

• Prudential Financial, Inc. (company) — the reporting person filing the SC 13G/A
• Mobileye Global Inc. (company) — the issuer of the securities
• New Jersey (state) — place of organization for Prudential Financial, Inc.
• Jerusalem, Israel (city) — location of Mobileye Global Inc.'s executive offices

Forward-Looking Statements

• Prudential Financial, Inc. will maintain a significant institutional stake in Mobileye Global Inc. for the foreseeable future. (Prudential Financial, Inc.) — medium confidence, target: 2025-02-12

FAQ

From the Filing

0000729057-24-000008.txt : 20240212 0000729057-24-000008.hdr.sgml : 20240212 20240212144306 ACCESSION NUMBER: 0000729057-24-000008 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240212 DATE AS OF CHANGE: 20240212 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Mobileye Global Inc. CENTRAL INDEX KEY: 0001910139 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-93811 FILM NUMBER: 24619253 BUSINESS ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 BUSINESS PHONE: 972 2 541 7333 MAIL ADDRESS: STREET 1: HAR HOTZVIM, 13 HARTOM STREET STREET 2: P.O. BOX 45157 CITY: JERUSALEM STATE: L3 ZIP: 97775 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Holdings Inc. DATE OF NAME CHANGE: 20220224 FORMER COMPANY: FORMER CONFORMED NAME: Mobileye Group Inc. DATE OF NAME CHANGE: 20220209 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PRUDENTIAL FINANCIAL INC CENTRAL INDEX KEY: 0001137774 STANDARD INDUSTRIAL CLASSIFICATION: LIFE INSURANCE [6311] ORGANIZATION NAME: 02 Finance IRS NUMBER: 223703799 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 751 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 9738026000 MAIL ADDRESS: STREET 1: 751 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 SC 13G/A 1 Mob.htm 13G HTML File DOCUMENT TYPE SC 13G/A TEXT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 Amendment # 1 Name of Issuer: Mobileye Global Inc _____________________________________________________ Title of Class of Securities: Common Stock CUSIP Number: 60741F104 1) NAME AND I.R.S. IDENTIFICATION NO. OF REPORTING PERSON Prudential Financial, Inc. 22-3703799 2.) MEMBER OF A GROUP: (a) N/A (b) N/A 3) SEC USE ONLY: 4) PLACE OF ORGANIZATION: New Jersey NUMBER OF SHARES BENEFICIALLY OWNED BY REPORTING PERSON WITH: 5) Sole Voting Power: 233,459 See Exhibit A 6) Shared Voting Power: 13,106,005 See Exhibit A 7) Sole Dispositive Power: 233,459 See Exhibit A 8) Shared Dispositive Power: 13,799,547 See Exhibit A 9) AGGREGATE AMOUNT BENEFICIALLY OWNED: 14,033,006 See Exhibit A 10) AGGREGATE AMOUNT IN ROW (9) EXCLUDES SHARES: Not applicable 11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 14.83 See Exhibit A 12) TYPE OF REPORTING PERSON: HC ITEM 1(a). NAME OF ISSUER: Mobileye Global Inc ITEM 1(b). ADDRESS OF ISSUER'S EXECUTIVE OFFICES: Har Hotzvim 13 Hartom Street P.O.Box 45157 Jerusalem , Israel 9777513 ITEM 2(a). NAME OF PERSON FILING: Prudential Financial, Inc. ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE: 751 Broad Street Newark, New Jersey 07102-3777 ITEM 2(c). CITIZENSHIP: New Jersey ITEM 2(d). TITLE OF CLASS OF SECURITIES: Common Stock ITEM 2(e). CUSIP NUMBER: 60741F104 ITEM 3. The Person filing this statement is a Parent Holding Company as defined in Section 240.13d-1(b)(1)(ii)(G) of the Securities Exchange Act of 1934. ITEM 4. OWNERSHIP: (a) Number of Shares Beneficially Owned: 14,033,006 See Exhibit A (b) Percent of Class: 14.83 (c) Powers No. Of Shares ----------- -------------------- Sole power to vote or 233,459 See Exhibit A to direct the vote Shared power to vote or 13,106,005 See Exhibit A to direct the vote Sole power to dispose or 233,459 See Exhibit A to direct disposition Shared power to dispose 13,799,547 See Exhibit A or to direct disposition ITEM 5. OWNERSHIP OF 5% OR LESS OF A CLASS: Not Applicable ITEM 6. OWNERSHIP OF MORE THAN 5% ON BEHALF OF ANOTHER PERSON: Our clients may have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities which are the subject of this filing. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH AC