Canada Pension Plan Investment Board acquired a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 147,900 shares of the company's stock, valued at approximately $2,946,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in MBLY. Norges Bank purchased a new stake in Mobileye Global in the fourth quarter valued at $95,937,000. Yiheng Capital Management L.P. acquired a new stake in Mobileye Global during the fourth quarter worth about $14,940,000. Raymond James Financial Inc. acquired a new position in Mobileye Global in the fourth quarter valued at approximately $13,786,000. Principal Financial Group Inc. purchased a new stake in Mobileye Global in the 4th quarter worth approximately $12,202,000. Finally, Alberta Investment Management Corp grew its stake in shares of Mobileye Global by 932.4% during the 4th quarter. Alberta Investment Management Corp now owns 566,737 shares of the company's stock worth $11,289,000 after purchasing an additional 511,840 shares during the period. Institutional investors and hedge funds own 13.25% of the company's stock.
Mobileye Global Stock Performance
Shares of MBLY stock opened at $12.05 on Wednesday. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $33.26. The firm's 50 day moving average price is $14.82 and its 200-day moving average price is $15.84. The firm has a market cap of $9.77 billion, a P/E ratio of -3.15, a P/E/G ratio of 69.54 and a beta of 0.39.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results 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, research analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on MBLY. The Goldman Sachs Group cut their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price target on shares of Mobileye Global in a report on Wednesday, March 26th. Oppenheimer began coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price objective on the stock. Mizuho reduced their target price 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, JPMorgan Chase & Co. dropped their price target on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $20.55.
Check Out Our Latest Analysis on MBLY
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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