Level Four Advisory Services LLC reduced its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 55.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,495 shares of the company's stock after selling 30,302 shares during the quarter. Level Four Advisory Services LLC's holdings in Mobileye Global were worth $488,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new position in Mobileye Global during the 4th quarter valued at $95,937,000. Primecap Management Co. CA lifted its position in shares of Mobileye Global by 2.3% during the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock worth $35,944,000 after purchasing an additional 40,000 shares during the last quarter. Vanguard Group Inc. grew its stake in Mobileye Global by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock worth $34,181,000 after purchasing an additional 45,756 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Mobileye Global by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock valued at $30,569,000 after buying an additional 8,340 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Mobileye Global by 21.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,508,976 shares of the company's stock valued at $32,745,000 after buying an additional 263,758 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.
Mobileye Global Stock Performance
Shares of NASDAQ:MBLY traded down $1.10 during midday trading on Friday, reaching $13.16. The company had a trading volume of 5,156,654 shares, compared to its average volume of 5,327,171. The company has a fifty day simple moving average of $15.83 and a two-hundred day simple moving average of $15.87. The firm 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 0.29. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $33.26.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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%. Analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.
Wall Street Analyst Weigh In
MBLY has been the subject of a number of research analyst reports. Barclays boosted their price target on Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Needham & Company LLC reiterated a "buy" rating and set a $20.00 target price on shares of Mobileye Global in a research note on Wednesday, March 26th. The Goldman Sachs Group increased their target price 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. Loop Capital lifted their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Piper Sandler increased their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $22.24.
View Our Latest Stock Analysis on MBLY
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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