Commonwealth Equity Services LLC Has $1.02 Million Position in Mobileye Global Inc. (NASDAQ:MBLY)

Commonwealth Equity Services LLC increased its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 273.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,028 shares of the company's stock after buying an additional 37,353 shares during the quarter. Commonwealth Equity Services LLC's holdings in Mobileye Global were worth $1,016,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. acquired a new position in Mobileye Global during the 4th quarter valued at about $3,237,000. AlphaQuest LLC boosted its stake in Mobileye Global by 107.9% during the 4th quarter. AlphaQuest LLC now owns 15,423 shares of the company's stock valued at $307,000 after purchasing an additional 8,003 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mobileye Global during the 4th quarter valued at $13,786,000. Charles Schwab Investment Management Inc. grew its holdings in Mobileye Global by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock worth $30,569,000 after acquiring an additional 8,340 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in Mobileye Global by 181.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 14,218 shares of the company's stock worth $283,000 after acquiring an additional 9,169 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Stock Performance

Shares of Mobileye Global stock traded down $1.10 during trading on Friday, hitting $13.16. 5,156,654 shares of the stock traded hands, compared to its average volume of 5,327,171. The stock has a market cap of $10.67 billion, a P/E ratio of -3.45, a PEG ratio of 69.54 and a beta of 0.29. The company has a fifty day moving average price of $15.83 and a two-hundred day moving average price of $15.87. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results 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%. On average, equities research analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Piper Sandler upped their price target on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Oppenheimer initiated coverage on Mobileye Global in a research report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price objective for the company. The Goldman Sachs Group lifted their target price on Mobileye Global from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Monday, February 24th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price target on shares of Mobileye Global in a research report on Wednesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.24.

About Mobileye Global

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.