Alliancebernstein L.P. Has $5.01 Million Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Alliancebernstein L.P. lessened its position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 37.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 251,290 shares of the company's stock after selling 148,888 shares during the quarter. Alliancebernstein L.P.'s holdings in Mobileye Global were worth $5,006,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ARK Investment Management LLC lifted its holdings in shares of Mobileye Global by 89.4% in the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock valued at $2,825,000 after purchasing an additional 66,934 shares in the last quarter. Geode Capital Management LLC boosted its position in Mobileye Global by 24.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock worth $19,615,000 after acquiring an additional 279,082 shares during the period. Versant Capital Management Inc grew its stake in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after acquiring an additional 1,131 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Mobileye Global during the fourth quarter worth approximately $442,000. Finally, Yiheng Capital Management L.P. acquired a new position in Mobileye Global in the 4th quarter valued at approximately $14,940,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Analyst Ratings Changes

MBLY has been the topic of several research analyst reports. Piper Sandler boosted their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. UBS Group cut their price target on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Robert W. Baird cut their price objective on shares of Mobileye Global from $25.00 to $17.00 and set an "outperform" rating on the stock in a research report on Tuesday. Finally, Mizuho decreased their target price on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Mobileye Global currently has an average rating of "Hold" and a consensus price target of $20.55.

Mobileye Global Stock Down 3.3 %

NASDAQ MBLY traded down $0.40 during midday trading on Friday, hitting $11.90. The company had a trading volume of 2,681,057 shares, compared to its average volume of 5,424,606. The firm has a fifty day simple moving average of $15.02 and a two-hundred day simple moving average of $15.84. The stock has a market cap of $9.65 billion, a price-to-earnings ratio of -3.12, a P/E/G ratio of 69.54 and a beta of 0.39. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $33.26.

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

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.