Bank of New York Mellon Corp Sells 55,501 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Bank of New York Mellon Corp lowered its position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 76,813 shares of the company's stock after selling 55,501 shares during the period. Bank of New York Mellon Corp's holdings in Mobileye Global were worth $1,530,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of MBLY. Versant Capital Management Inc lifted its holdings in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after buying an additional 1,131 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Mobileye Global in the 4th quarter valued at about $30,000. Global Retirement Partners LLC lifted its stake in shares of Mobileye Global by 136.9% in 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. Quarry LP bought a new stake in shares of Mobileye Global during the 3rd quarter valued at about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mobileye Global during the fourth quarter worth approximately $58,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Price Performance

Shares of NASDAQ MBLY traded down $0.48 during trading on Wednesday, reaching $16.10. 4,935,692 shares of the stock traded hands, compared to its average volume of 5,211,359. The stock has a market capitalization of $13.06 billion, a P/E ratio of -4.21, 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. The company has a 50-day moving average of $16.11 and a 200-day moving average of $15.69.

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Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results 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 return on equity of 0.34% and a negative net margin of 186.82%. Analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. UBS Group raised their price objective 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. Needham & Company LLC restated a "buy" rating and issued a $20.00 price target on shares of Mobileye Global in a report on Wednesday. Royal Bank of Canada reiterated a "sector perform" rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. Barclays raised their target price on Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group upped their price target on Mobileye Global from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.