22,200 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB bought a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 22,200 shares of the company's stock, valued at approximately $442,000.

Several other institutional investors and hedge funds have also modified their holdings of MBLY. Alberta Investment Management Corp grew its stake in shares of Mobileye Global by 932.4% in the 4th quarter. Alberta Investment Management Corp now owns 566,737 shares of the company's stock valued at $11,289,000 after buying an additional 511,840 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after buying an additional 932 shares during the last quarter. Atria Wealth Solutions Inc. boosted its position in Mobileye Global by 27.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 15,507 shares of the company's stock worth $309,000 after purchasing an additional 3,296 shares during the period. D.A. Davidson & CO. boosted its holdings in shares of Mobileye Global by 107.2% during the 4th quarter. D.A. Davidson & CO. now owns 28,600 shares of the company's stock worth $570,000 after buying an additional 14,800 shares during the period. Finally, Principal Financial Group Inc. bought a new stake in Mobileye Global during the fourth quarter valued at about $12,202,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MBLY has been the topic of several recent research reports. Oppenheimer started coverage on Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price objective on the stock. UBS Group lifted their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a research report on Friday, January 31st. Mizuho lowered their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Finally, Loop Capital boosted their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $22.95.

Mobileye Global Stock Performance

NASDAQ:MBLY traded down $1.31 during mid-day trading on Monday, hitting $14.45. The company had a trading volume of 3,563,088 shares, compared to its average volume of 6,422,907. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The firm has a market cap of $11.72 billion, a P/E ratio of -3.78, a P/E/G ratio of 69.54 and a beta of 0.26. The business's fifty day moving average is $17.45 and its two-hundred day moving average is $15.59.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share 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 0.34%. Equities analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Mobileye Global Company 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.