DAVENPORT & Co LLC Has $44.01 Million Stake in Mobileye Global Inc. (NASDAQ:MBLY)

DAVENPORT & Co LLC reduced its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 14.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,202,279 shares of the company's stock after selling 363,402 shares during the quarter. DAVENPORT & Co LLC owned about 0.27% of Mobileye Global worth $44,009,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Versant Capital Management Inc grew its stake in shares of Mobileye Global by 580.0% during 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 last quarter. FNY Investment Advisers LLC bought a new position in Mobileye Global in the fourth quarter worth approximately $30,000. Rakuten Securities Inc. grew its stake in Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after purchasing an additional 1,061 shares in the last quarter. Quarry LP bought a new position in Mobileye Global in the third quarter worth approximately $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Mobileye Global in the fourth quarter worth approximately $58,000. 13.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

MBLY has been the subject of a number of analyst reports. Barclays upped their target price on Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Royal Bank of Canada restated a "sector perform" rating and issued a $11.00 target price on shares of Mobileye Global in a research note on Thursday, December 5th. Canaccord Genuity Group cut their price target on Mobileye Global from $27.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Robert W. Baird raised their target price on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Finally, Mizuho dropped their target price on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $23.05.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY traded up $0.08 during mid-day trading on Wednesday, hitting $16.00. The stock had a trading volume of 3,690,854 shares, compared to its average volume of 7,815,620. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The company's 50 day moving average is $17.68 and its 200-day moving average is $15.73. The company has a market cap of $12.97 billion, a PE ratio of -4.19, a P/E/G ratio of 11.32 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced 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%. On average, equities research analysts predict that Mobileye Global Inc. will post 0.21 EPS for the current fiscal year.

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.