Headlands Technologies LLC acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 106,642 shares of the company's stock, valued at approximately $2,124,000.
A number of other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock valued at $20,909,000 after purchasing an additional 957,565 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in Mobileye Global in the third quarter valued at approximately $189,000. Rockefeller Capital Management L.P. bought a new stake in Mobileye Global during the third quarter valued at approximately $253,000. Cinctive Capital Management LP purchased a new position in Mobileye Global in the 3rd quarter worth approximately $3,637,000. Finally, Centiva Capital LP increased its holdings in shares of Mobileye Global by 128.8% in the 3rd quarter. Centiva Capital LP now owns 86,463 shares of the company's stock worth $1,185,000 after buying an additional 48,673 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company's stock.
Analysts Set New Price Targets
MBLY has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of Mobileye Global in a report on Wednesday, March 26th. Loop Capital increased their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. The Goldman Sachs Group boosted their price objective on shares of Mobileye Global from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, February 24th. UBS Group raised their price objective on Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Finally, Wolfe Research raised Mobileye Global from a "peer perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mobileye Global currently has a consensus rating of "Hold" and a consensus price target of $22.24.
Check Out Our Latest Report on Mobileye Global
Mobileye Global Trading Down 7.7 %
Mobileye Global stock traded down $1.10 on Friday, hitting $13.16. 5,156,654 shares of the stock traded hands, compared to its average volume of 5,305,172. The business's fifty day simple moving average is $15.89 and its 200 day simple moving average is $15.83. The firm has a market cap of $10.67 billion, a P/E ratio of -3.45, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $34.00.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings data 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 return on equity of 0.34% and a negative net margin of 186.82%. As a group, analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.
Mobileye Global Profile
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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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