Financial Advocates Investment Management Purchases New Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Financial Advocates Investment Management bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 21,475 shares of the company's stock, valued at approximately $428,000.

Several other hedge funds also recently added to or reduced their stakes in MBLY. Daymark Wealth Partners LLC purchased a new position in shares of Mobileye Global during the third quarter worth approximately $144,000. Guinness Atkinson Asset Management Inc lifted its holdings in Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock valued at $119,000 after acquiring an additional 1,257 shares during the period. Polianta Ltd lifted its holdings in Mobileye Global by 139.1% in the third quarter. Polianta Ltd now owns 96,100 shares of the company's stock valued at $1,316,000 after acquiring an additional 55,900 shares during the period. Washington Capital Management Inc. raised its stake in shares of Mobileye Global by 178.4% during the 3rd quarter. Washington Capital Management Inc. now owns 34,800 shares of the company's stock worth $477,000 after buying an additional 22,300 shares during the last quarter. Finally, Renaissance Capital LLC raised its stake in shares of Mobileye Global by 20.0% during the 3rd quarter. Renaissance Capital LLC now owns 95,903 shares of the company's stock worth $1,314,000 after buying an additional 16,013 shares during the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $12.00 to $19.00 in a research note on Monday. Canaccord Genuity Group lowered their price target on Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a report on Friday, November 1st. Wolfe Research upgraded Mobileye Global from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 5th. Needham & Company LLC restated a "buy" rating and issued a $20.00 price target on shares of Mobileye Global in a report on Friday, January 31st. Finally, Robert W. Baird lifted their price target on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $22.86.

Mobileye Global Stock Down 2.7 %

Shares of MBLY traded down $0.47 during trading on Wednesday, reaching $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 company has a fifty day moving average of $17.58 and a two-hundred day moving average of $15.54. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $34.00. The company has a market cap of $13.56 billion, a price-to-earnings ratio of -4.38, a P/E/G ratio of 20.12 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 net margin of 186.82% and a negative return on equity of 0.33%. As a group, equities analysts forecast that Mobileye Global Inc. will post 0.03 EPS for the current fiscal year.

About Mobileye Global

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.