Headlands Technologies LLC purchased 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 filing with the SEC. The firm purchased 106,642 shares of the company's stock, valued at approximately $2,124,000.
Several other hedge funds and other institutional investors also recently modified their holdings of MBLY. Norges Bank bought a new position in Mobileye Global in the fourth quarter valued at $95,937,000. Charles Schwab Investment Management Inc. increased 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 during the last quarter. Yiheng Capital Management L.P. purchased a new position in shares of Mobileye Global during the 4th quarter valued at about $14,940,000. Raymond James Financial Inc. bought a new stake in Mobileye Global in the 4th quarter worth approximately $13,786,000. Finally, Principal Financial Group Inc. purchased a new stake in Mobileye Global in the fourth quarter worth approximately $12,202,000. Hedge funds and other institutional investors own 13.25% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have commented on MBLY. Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and lifted their price target for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. UBS Group boosted their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. Piper Sandler upped their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. The Goldman Sachs Group lifted their price objective on Mobileye Global from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $20.00 price target on shares of Mobileye Global in a research note on Wednesday, March 26th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $22.24.
Check Out Our Latest Report on MBLY
Mobileye Global Stock Down 7.7 %
Shares of NASDAQ MBLY traded down $1.10 on Friday, reaching $13.16. 5,156,654 shares of the company's stock traded hands, compared to its average volume of 5,327,171. The business's 50 day simple moving average is $15.83 and its two-hundred day simple moving average is $15.87. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $33.26. The company has a market cap of $10.67 billion, a price-to-earnings ratio of -3.45, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39.
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 (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 0.34%. Analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.
Mobileye Global Company 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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