Country Club Bank cut its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 46.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,279 shares of the company's stock after selling 135,588 shares during the period. Country Club Bank's holdings in Mobileye Global were worth $3,076,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Mobileye Global by 49.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company's stock worth $186,194,000 after acquiring an additional 4,517,217 shares in the last quarter. Loomis Sayles & Co. L P increased its holdings in shares of Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock valued at $22,856,000 after purchasing an additional 768,169 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock worth $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock valued at $19,615,000 after buying an additional 279,082 shares during the period. Finally, Raymond James & Associates raised its position in shares of Mobileye Global by 81.3% during the third quarter. Raymond James & Associates now owns 609,841 shares of the company's stock worth $8,355,000 after acquiring an additional 273,424 shares during the last quarter. Institutional investors own 13.25% of the company's stock.
Mobileye Global Stock Performance
Mobileye Global stock traded down $0.39 during midday trading on Friday, reaching $16.07. 2,790,274 shares of the company's stock were exchanged, compared to its average volume of 6,349,957. The stock's 50-day simple moving average is $17.58 and its 200 day simple moving average is $15.69. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $34.00. The firm has a market cap of $13.03 billion, a price-to-earnings ratio of -4.21, a P/E/G ratio of 20.12 and a beta of 0.26.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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%. Research analysts forecast that Mobileye Global Inc. will post 0.03 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have commented on MBLY. Evercore ISI lowered their target price on shares of Mobileye Global from $35.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, October 14th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $11.00 target price on shares of Mobileye Global in a report on Thursday, December 5th. Mizuho dropped their price objective on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Canaccord Genuity Group cut their price objective on Mobileye Global from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Finally, Barclays lifted their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, ten have issued 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.com, the stock currently has a consensus rating of "Hold" and an average price target of $23.05.
Check Out Our Latest Research Report on Mobileye Global
Mobileye Global Profile
(
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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