Baillie Gifford & Co. trimmed its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,489,554 shares of the company's stock after selling 1,145,532 shares during the period. Baillie Gifford & Co. owned about 1.79% of Mobileye Global worth $288,632,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in MBLY. Vontobel Holding Ltd. raised its stake in shares of Mobileye Global by 48.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 60,758 shares of the company's stock worth $832,000 after purchasing an additional 19,714 shares during the period. Raymond James & Associates lifted its holdings in Mobileye Global by 81.3% during the third quarter. Raymond James & Associates now owns 609,841 shares of the company's stock valued at $8,355,000 after purchasing an additional 273,424 shares during the last quarter. Mandatum Life Insurance Co Ltd lifted its holdings in Mobileye Global by 25.1% during the third quarter. Mandatum Life Insurance Co Ltd now owns 158,792 shares of the company's stock valued at $2,175,000 after purchasing an additional 31,876 shares during the last quarter. Taylor Frigon Capital Management LLC lifted its holdings in Mobileye Global by 31.9% during the third quarter. Taylor Frigon Capital Management LLC now owns 188,423 shares of the company's stock valued at $2,581,000 after purchasing an additional 45,542 shares during the last quarter. Finally, Country Club Bank lifted its holdings in Mobileye Global by 139.4% during the third quarter. Country Club Bank now owns 288,867 shares of the company's stock valued at $4,157,000 after purchasing an additional 168,188 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research firms have commented on MBLY. The Goldman Sachs Group dropped their price objective on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Friday, January 31st. Wolfe Research raised shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 5th. Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $12.00 to $19.00 in a report on Monday, February 10th. Robert W. Baird increased their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, TD Cowen increased their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $22.86.
Read Our Latest Report on Mobileye Global
Mobileye Global Stock Performance
MBLY stock traded down $0.35 on Thursday, reaching $17.79. The company's stock had a trading volume of 2,699,526 shares, compared to its average volume of 7,010,400. The firm has a market cap of $14.42 billion, a PE ratio of -4.66, a PEG ratio of 73.92 and a beta of 0.26. The business has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $15.52. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share 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%. As a group, 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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