Birch Hill Investment Advisors LLC decreased its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 453,633 shares of the company's stock after selling 135,120 shares during the period. Birch Hill Investment Advisors LLC owned 0.06% of Mobileye Global worth $9,036,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Robocap Asset Management Ltd boosted its stake in shares of Mobileye Global by 28.2% in the fourth quarter. Robocap Asset Management Ltd now owns 124,467 shares of the company's stock worth $2,479,000 after acquiring an additional 27,416 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Mobileye Global by 2,124.2% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 167,084 shares of the company's stock worth $3,328,000 after acquiring an additional 159,572 shares during the period. Financial Advocates Investment Management bought a new position in shares of Mobileye Global in the fourth quarter worth about $428,000. Y.D. More Investments Ltd boosted its stake in shares of Mobileye Global by 117.3% in the fourth quarter. Y.D. More Investments Ltd now owns 77,150 shares of the company's stock worth $1,537,000 after acquiring an additional 41,650 shares during the period. Finally, Renaissance Capital LLC boosted its stake in shares of Mobileye Global by 116.2% in the fourth quarter. Renaissance Capital LLC now owns 207,355 shares of the company's stock worth $4,131,000 after acquiring an additional 111,452 shares during the period. Institutional investors own 13.25% of the company's stock.
Wall Street Analysts Forecast Growth
MBLY has been the subject of a number of research reports. Canaccord Genuity Group dropped their price target on Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Needham & Company LLC reissued a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a research note on Friday, January 31st. Royal Bank of Canada reissued a "sector perform" rating and set a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Mizuho dropped their price target on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating for the company in a research note on Friday, January 31st. Finally, Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and increased their price target for the company from $12.00 to $19.00 in a research note on Monday. 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 given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $22.86.
View Our Latest Research Report on MBLY
Mobileye Global Trading Down 2.7 %
Shares of NASDAQ MBLY traded down $0.47 during midday trading on Wednesday, hitting $16.72. The company's stock had a trading volume of 7,692,283 shares, compared to its average volume of 7,643,992. The business's 50 day moving average is $17.57 and its two-hundred day moving average is $15.54. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The firm has a market cap of $13.56 billion, a P/E ratio of -4.38, a price-to-earnings-growth ratio of 20.12 and a beta of 0.26.
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 return on equity of 0.33% and a negative net margin of 186.82%. On average, analysts predict that Mobileye Global Inc. will post 0.03 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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