Migdal Insurance & Financial Holdings Ltd. Increases Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Migdal Insurance & Financial Holdings Ltd. lifted its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 2,124.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,084 shares of the company's stock after acquiring an additional 159,572 shares during the period. Migdal Insurance & Financial Holdings Ltd.'s holdings in Mobileye Global were worth $3,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its holdings in shares of Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company's stock worth $186,194,000 after buying an additional 4,517,217 shares in the last quarter. Loomis Sayles & Co. L P increased its stake in shares of Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock valued at $22,856,000 after buying an additional 768,169 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock worth $20,909,000 after buying an additional 957,565 shares during the period. Geode Capital Management LLC grew its holdings in Mobileye Global by 24.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock worth $19,615,000 after acquiring an additional 279,082 shares during the last quarter. Finally, Raymond James & Associates raised its stake in shares of Mobileye Global by 81.3% during the third quarter. Raymond James & Associates now owns 609,841 shares of the company's stock valued at $8,355,000 after acquiring an additional 273,424 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Wolfe Research upgraded Mobileye Global from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 5th. Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Loop Capital upped their target price on Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Robert W. Baird raised their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Mizuho reduced their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global presently has a consensus rating of "Hold" and a consensus target price of $22.86.

Mobileye Global Price Performance

Shares of NASDAQ MBLY traded up $1.95 during mid-day trading on Monday, reaching $18.02. 11,637,779 shares of the company's stock traded hands, compared to its average volume of 7,678,182. The stock has a market cap of $14.61 billion, a P/E ratio of -4.73, a PEG ratio of 20.12 and a beta of 0.26. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $34.00. The business has a 50-day simple moving average of $17.58 and a 200 day simple moving average of $15.59.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly 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 0.33% and a negative net margin of 186.82%. Equities research analysts anticipate that Mobileye Global Inc. will post 0.03 earnings per share for the current fiscal year.

Mobileye Global 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.