Talos Asset Management LP Invests $6.96 Million in Mobileye Global Inc. (NASDAQ:MBLY)

Talos Asset Management LP bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 349,600 shares of the company's stock, valued at approximately $6,964,000. Mobileye Global comprises 1.6% of Talos Asset Management LP's investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MBLY. The Manufacturers Life Insurance Company increased its holdings in shares of Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company's stock worth $186,194,000 after purchasing an additional 4,517,217 shares during the period. Primecap Management Co. CA increased its position in Mobileye Global by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock worth $35,944,000 after purchasing an additional 40,000 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock valued at $22,856,000 after purchasing an additional 768,169 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mobileye Global by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock valued at $30,569,000 after acquiring an additional 8,340 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock valued at $19,615,000 after purchasing an additional 279,082 shares in the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

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Mobileye Global Trading Up 4.8 %

NASDAQ MBLY traded up $0.70 during trading hours on Monday, hitting $15.26. The company's stock had a trading volume of 3,147,050 shares, compared to its average volume of 5,188,767. The company's 50-day simple moving average is $16.11 and its two-hundred day simple moving average is $15.64. The company has a market capitalization of $12.38 billion, a PE ratio of -3.99, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $34.00.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. Research analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wolfe Research upgraded shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 5th. Royal Bank of Canada reiterated a "sector perform" rating and set a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. The Goldman Sachs Group increased their price objective on Mobileye Global from $18.00 to $20.00 and gave the company a "buy" rating in a report on Monday, February 24th. Mizuho cut their target price on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Finally, UBS Group boosted their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Mobileye Global currently has a consensus rating of "Hold" and an average price target of $22.24.

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.