LPL Financial LLC Acquires 72,550 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

LPL Financial LLC boosted its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 96.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,974 shares of the company's stock after acquiring an additional 72,550 shares during the period. LPL Financial LLC's holdings in Mobileye Global were worth $2,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Primecap Management Co. CA lifted its holdings in shares of Mobileye Global by 2.3% in the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock valued at $35,944,000 after purchasing an additional 40,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Mobileye Global by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock valued at $30,569,000 after purchasing an additional 8,340 shares during the period. Geode Capital Management LLC lifted 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 purchasing an additional 279,082 shares in the last quarter. Yiheng Capital Management L.P. purchased a new position in Mobileye Global during the 4th quarter valued at about $14,940,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Mobileye Global in the fourth quarter worth about $13,786,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Mobileye Global Stock Down 3.5 %

Shares of Mobileye Global stock traded down $0.43 during trading on Thursday, reaching $11.87. 458,945 shares of the stock were exchanged, compared to its average volume of 5,345,301. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $33.26. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of -3.11, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39. The stock's fifty day moving average is $15.25 and its 200 day moving average is $15.86.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) 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%. Equities analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MBLY. Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Oppenheimer initiated coverage on Mobileye Global in a research note on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 target price on the stock. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of Mobileye Global in a report on Wednesday, March 26th. Loop Capital lifted their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Robert W. Baird lowered their price objective on shares of Mobileye Global from $25.00 to $17.00 and set an "outperform" rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mobileye Global currently has an average rating of "Hold" and an average price target of $20.55.

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.