Loomis Sayles & Co. L P lessened its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 5.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,571,166 shares of the company's stock after selling 97,165 shares during the period. Loomis Sayles & Co. L P owned 0.19% of Mobileye Global worth $31,298,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 957,565 shares in the last quarter. Yiheng Capital Management L.P. purchased a new stake in shares of Mobileye Global during the 4th quarter valued at about $14,940,000. Raymond James Financial Inc. bought a new position in shares of Mobileye Global in the 4th quarter valued at about $13,786,000. Principal Financial Group Inc. purchased a new position in Mobileye Global in the fourth quarter worth about $12,202,000. Finally, Alberta Investment Management Corp raised its position in Mobileye Global by 932.4% during the fourth quarter. Alberta Investment Management Corp now owns 566,737 shares of the company's stock valued at $11,289,000 after purchasing an additional 511,840 shares during the period. Hedge funds and other institutional investors own 13.25% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. Mizuho cut their target price on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price objective on shares of Mobileye Global from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Monday, February 24th. Loop Capital raised their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Needham & Company LLC reiterated a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a report on Wednesday, March 26th. Finally, Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $22.24.
Read Our Latest Stock Report on Mobileye Global
Mobileye Global Stock Performance
MBLY stock traded down $0.70 during trading on Monday, reaching $14.41. The company had a trading volume of 3,296,512 shares, compared to its average volume of 5,506,691. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $34.00. The company has a market cap of $11.69 billion, a price-to-earnings ratio of -3.77, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The firm has a 50-day simple moving average of $16.06 and a 200-day simple moving average of $15.79.
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 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%. Sell-side analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current 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.
Read More
Before you consider Mobileye Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mobileye Global wasn't on the list.
While Mobileye Global currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
