Mobileye Global Inc. (NASDAQ:MBLY) Stock Position Lifted by Alberta Investment Management Corp

Alberta Investment Management Corp grew its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 932.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 566,737 shares of the company's stock after acquiring an additional 511,840 shares during the quarter. Alberta Investment Management Corp owned about 0.07% of Mobileye Global worth $11,289,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rakuten Securities Inc. lifted its position in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock valued at $25,000 after acquiring an additional 1,061 shares in the last quarter. Versant Capital Management Inc lifted its position 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 buying an additional 1,131 shares during the period. FNY Investment Advisers LLC purchased a new position in Mobileye Global during the fourth quarter worth about $30,000. Quarry LP purchased a new position in Mobileye Global during the third quarter worth about $31,000. Finally, Global Retirement Partners LLC lifted its position in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after buying an additional 932 shares during the period. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Trading Down 7.8 %

NASDAQ MBLY traded down $1.38 during mid-day trading on Friday, reaching $16.39. 2,680,820 shares of the company's stock traded hands, compared to its average volume of 6,880,108. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $34.00. The company has a fifty day simple moving average of $17.67 and a 200-day simple moving average of $15.53. The company has a market cap of $13.29 billion, a price-to-earnings ratio of -4.30, a P/E/G ratio of 70.94 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates 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%. Equities research analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MBLY shares. Robert W. Baird increased their target price on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Loop Capital increased their target price on Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Wolfe Research upgraded Mobileye Global from a "peer perform" rating to an "outperform" rating in a research report on Thursday, December 5th. Barclays raised their price objective on Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, TD Cowen raised their price objective on Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mobileye Global currently has an average rating of "Hold" and a consensus price target of $22.86.

Mobileye Global Company 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.