Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 21.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,508,976 shares of the company's stock after acquiring an additional 263,758 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Mobileye Global worth $32,745,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its holdings in shares of Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after purchasing an additional 737 shares in the last quarter. Global Retirement Partners LLC boosted its stake in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after buying an additional 932 shares in the last quarter. Versant Capital Management Inc grew its position in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after acquiring an additional 1,131 shares during the last quarter. Daymark Wealth Partners LLC grew its position in Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock valued at $233,000 after acquiring an additional 1,147 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in Mobileye Global during the fourth quarter worth about $30,000. 13.25% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on MBLY. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 target price on shares of Mobileye Global in a research note on Wednesday, March 26th. Barclays boosted their price objective on Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Wolfe Research raised Mobileye Global from a "peer perform" rating to an "outperform" rating in a research note on Thursday, December 5th. Loop Capital upped their price objective on Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and lifted their target price for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $22.24.
Get Our Latest Stock Report on MBLY
Mobileye Global Price Performance
Shares of Mobileye Global stock traded down $0.96 during trading on Thursday, reaching $14.01. 943,135 shares of the company traded hands, compared to its average volume of 5,281,665. The firm has a market capitalization of $11.36 billion, a PE ratio of -3.67, a P/E/G 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 $34.00. The company has a 50 day moving average price of $15.94 and a 200-day moving average price of $15.84.
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 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%. Equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.
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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