Vanguard Group Inc. Raises Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Vanguard Group Inc. lifted its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,715,928 shares of the company's stock after buying an additional 45,756 shares during the quarter. Vanguard Group Inc. owned approximately 0.21% of Mobileye Global worth $34,181,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its holdings in shares of Mobileye Global by 147.4% in the fourth 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 during the period. Versant Capital Management Inc grew its position 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 buying an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global during the 4th quarter valued at $30,000. Global Retirement Partners LLC grew its stake in shares of Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after acquiring an additional 932 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Mobileye Global in the 4th quarter valued at approximately $58,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Price Performance

Shares of MBLY stock traded down $0.59 on Tuesday, hitting $12.35. The stock had a trading volume of 3,238,910 shares, compared to its average volume of 5,415,108. The firm has a market capitalization of $10.02 billion, a P/E ratio of -3.23, a P/E/G ratio of 69.54 and a beta of 0.39. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $33.26. The company's 50 day moving average price is $15.33 and its 200-day moving average price is $15.88.

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Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.04 EPS 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%. On average, equities analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on MBLY shares. Mizuho decreased their price target on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Friday, January 31st. The Goldman Sachs Group cut their price target on Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Barclays restated an "equal weight" rating and issued a $14.00 target price (down previously from $22.00) on shares of Mobileye Global in a research note on Tuesday. Oppenheimer assumed coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 target price for the company. Finally, Robert W. Baird dropped their price target 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus 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.