Loomis Sayles & Co. L P Reduces Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Loomis Sayles & Co. L P lessened its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,571,166 shares of the company's stock after selling 97,165 shares during the quarter. Loomis Sayles & Co. L P owned approximately 0.19% of Mobileye Global worth $31,298,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock valued at $20,909,000 after buying an additional 957,565 shares during the period. ARK Investment Management LLC boosted its position in Mobileye Global by 89.4% during the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock worth $2,825,000 after purchasing an additional 66,934 shares during the period. Geode Capital Management LLC grew its stake in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock valued at $19,615,000 after buying an additional 279,082 shares in the last quarter. Paloma Partners Management Co purchased a new position in Mobileye Global during the third quarter valued at approximately $2,598,000. Finally, Versant Capital Management Inc increased its stake in Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after acquiring an additional 1,131 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company's stock.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY traded up $0.04 during trading on Tuesday, reaching $14.44. 1,978,383 shares of the company were exchanged, compared to its average volume of 5,275,778. The business's fifty day simple moving average is $16.03 and its 200-day simple moving average is $15.82. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The firm has a market capitalization of $11.71 billion, a PE ratio of -3.78, a P/E/G ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.04 EPS 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%. On average, sell-side analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MBLY. Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $12.00 to $19.00 in a report on Monday, February 10th. Needham & Company LLC reissued a "buy" rating and set a $20.00 target price on shares of Mobileye Global in a research note on Wednesday, March 26th. Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 target price on shares of Mobileye Global in a research report on Thursday, December 5th. Oppenheimer started coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price objective on the stock. Finally, Piper Sandler upped their price target 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 research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $22.24.

Mobileye Global Company Profile

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.