Level Four Advisory Services LLC lessened its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 55.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 filing with the Securities and Exchange Commission.
Several other institutional investors have also recently added to or reduced their stakes in MBLY. New Age Alpha Advisors LLC acquired a new stake in shares of Mobileye Global during the 4th quarter worth $996,000. Norges Bank purchased a new stake in shares of Mobileye Global during the 4th quarter valued at about $95,937,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of 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 worth $32,745,000 after purchasing an additional 263,758 shares in the last quarter. Vanguard Group Inc. grew its holdings in Mobileye Global by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after purchasing an additional 45,756 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in Mobileye Global by 96.2% in the 4th quarter. LPL Financial LLC now owns 147,974 shares of the company's stock worth $2,948,000 after buying an additional 72,550 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.
Analyst Upgrades and Downgrades
MBLY has been the subject of a number of recent analyst reports. Royal Bank of Canada restated a "sector perform" rating and set a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. Bank of America upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Loop Capital upped their price target on Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Oppenheimer started coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They set an "outperform" rating and a $28.00 target price for the company. Finally, The Goldman Sachs Group lifted their price target on shares of Mobileye Global from $18.00 to $20.00 and gave the company a "buy" rating in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mobileye Global currently has a consensus rating of "Hold" and an average target price of $22.24.
Get Our Latest Stock Analysis on MBLY
Mobileye Global Price Performance
Shares of NASDAQ MBLY traded down $1.12 during mid-day trading on Friday, reaching $13.14. 3,479,425 shares of the company traded hands, compared to its average volume of 5,298,962. 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 $10.65 billion, a PE ratio of -3.42, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The stock has a fifty day simple moving average of $15.89 and a 200-day simple moving average of $15.83.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced 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 net margin of 186.82% and a negative return on equity of 0.34%. As a group, analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal 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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