Mitsubishi UFJ Trust & Banking Corp Sells 16,839 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Mitsubishi UFJ Trust & Banking Corp trimmed its stake in shares of 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 institutional investor owned 273,609 shares of the company's stock after selling 16,839 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in Mobileye Global were worth $5,450,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Parkside Financial Bank & Trust grew its holdings in Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after acquiring an additional 737 shares during the period. Versant Capital Management Inc grew its stake in shares of 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 purchasing an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Mobileye Global in the 4th quarter worth approximately $30,000. Global Retirement Partners LLC raised its holdings in shares of Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after purchasing an additional 932 shares in the last quarter. Finally, Quarry LP acquired a new stake in Mobileye Global during the third quarter valued at approximately $31,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on MBLY. Oppenheimer initiated coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price target on the stock. 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. Mizuho dropped their price target on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Barclays boosted their price objective on Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Piper Sandler raised their target price on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $22.24.

Mobileye Global Stock Down 7.7 %

Shares of MBLY traded down $1.10 during midday trading on Friday, reaching $13.16. 5,156,654 shares of the stock were exchanged, compared to its average volume of 5,312,076. The company has a market cap of $10.67 billion, a price-to-earnings ratio of -3.45, a P/E/G ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $33.26. The firm has a 50 day simple moving average of $15.83 and a 200-day simple moving average of $15.84.

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 analysts' consensus estimates 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%. Research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.