New Age Alpha Advisors LLC bought a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 50,000 shares of the company's stock, valued at approximately $996,000.
Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Mobileye Global during the fourth quarter valued at $95,937,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Mobileye Global by 21.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,508,976 shares of the company's stock valued at $32,745,000 after purchasing an additional 263,758 shares during the period. Vanguard Group Inc. boosted its stake in shares of Mobileye Global by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock worth $34,181,000 after buying an additional 45,756 shares during the last quarter. LPL Financial LLC grew its stake in shares of Mobileye Global by 96.2% during the 4th quarter. LPL Financial LLC now owns 147,974 shares of the company's stock valued at $2,948,000 after purchasing an additional 72,550 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Mobileye Global during the fourth quarter valued at approximately $248,000. 13.25% of the stock is owned by institutional investors.
Mobileye Global Trading Down 9.7 %
Shares of MBLY traded down $1.38 during trading hours on Friday, reaching $12.88. 3,244,128 shares of the company traded hands, compared to its average volume of 5,297,983. The firm has a market cap of $10.45 billion, a price-to-earnings ratio of -3.37, a PEG 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 $34.00. The stock's fifty day moving average price is $15.89 and its 200 day moving average price is $15.83.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results 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 return on equity of 0.34% and a negative net margin of 186.82%. On average, research analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on MBLY shares. Barclays upped their price objective on Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Mizuho decreased their price objective 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. The Goldman Sachs Group raised their target price on shares of Mobileye Global from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Monday, February 24th. Needham & Company LLC reiterated a "buy" rating and set a $20.00 target price on shares of Mobileye Global in a research report on Wednesday, March 26th. Finally, Loop Capital lifted their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global has a consensus rating of "Hold" and an average target price of $22.24.
Read Our Latest Analysis on MBLY
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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