HITE Hedge Asset Management LLC purchased a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 214,070 shares of the company's stock, valued at approximately $4,264,000.
Several other institutional investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust lifted its stake in shares of Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after acquiring an additional 737 shares during the last quarter. Versant Capital Management Inc lifted its position in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after purchasing an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global in the fourth quarter worth approximately $30,000. Global Retirement Partners LLC increased its stake 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 period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Mobileye Global during the 4th quarter valued at $40,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.
Mobileye Global Stock Up 8.0 %
Mobileye Global stock traded up $0.97 during trading hours on Wednesday, hitting $13.02. The stock had a trading volume of 2,442,338 shares, compared to its average volume of 5,419,428. The stock's 50-day moving average price is $14.82 and its 200-day moving average price is $15.84. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $33.26. The stock has a market capitalization of $10.56 billion, a P/E ratio of -3.41, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on MBLY. BNP Paribas raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target on the stock in a report on Wednesday. The Goldman Sachs Group reduced their price target on Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Bank of America upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $12.00 to $19.00 in a report on Monday, February 10th. Robert W. Baird reduced their target price on Mobileye Global from $25.00 to $17.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Piper Sandler raised their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.50.
Get Our Latest Analysis on Mobileye Global
About Mobileye Global
(
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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