Yiheng Capital Management L.P. purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 750,000 shares of the company's stock, valued at approximately $14,940,000. Mobileye Global accounts for 0.6% of Yiheng Capital Management L.P.'s investment portfolio, making the stock its 9th biggest holding. Yiheng Capital Management L.P. owned about 0.09% of Mobileye Global as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its stake in shares of Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after acquiring an additional 737 shares during the period. Versant Capital Management Inc raised its holdings in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Mobileye Global in the fourth quarter worth approximately $30,000. Quarry LP bought a new position in Mobileye Global during the 3rd quarter valued at $31,000. Finally, Global Retirement Partners LLC increased its position in shares of Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after purchasing an additional 932 shares during the period. Institutional investors and hedge funds own 13.25% of the company's stock.
Analysts Set New Price Targets
MBLY has been the subject of several research analyst reports. Needham & Company LLC restated a "buy" rating and issued a $20.00 price objective on shares of Mobileye Global in a report on Friday, January 31st. Barclays raised their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Royal Bank of Canada reiterated a "sector perform" rating and issued a $11.00 target price on shares of Mobileye Global in a report on Thursday, December 5th. The Goldman Sachs Group raised their target price on shares of Mobileye Global from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and upped their price target for the company from $12.00 to $19.00 in a report on Monday, February 10th. Two 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 stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $22.24.
Read Our Latest Stock Report on Mobileye Global
Mobileye Global Price Performance
MBLY traded up $1.32 during trading on Tuesday, reaching $16.58. 8,859,602 shares of the stock traded hands, compared to its average volume of 5,188,748. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The stock's 50-day simple moving average is $16.10 and its two-hundred day simple moving average is $15.66. The stock has a market cap of $13.45 billion, a price-to-earnings ratio of -4.34, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 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 earnings per share for the current fiscal year.
About Mobileye Global
(
Free Report)
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.
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