New Age Alpha Advisors LLC Makes New Investment in Mobileye Global Inc. (NASDAQ:MBLY)

New Age Alpha Advisors LLC bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the company's stock, valued at approximately $996,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its position in shares of Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after acquiring an additional 737 shares during the period. Versant Capital Management Inc boosted its position in shares of Mobileye Global by 580.0% during the fourth 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 in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Mobileye Global in the 4th quarter valued at $30,000. Quarry LP bought a new stake in shares of Mobileye Global in the 3rd quarter valued at $31,000. Finally, Global Retirement Partners LLC raised its stake in Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after buying an additional 932 shares during the period. Institutional investors own 13.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MBLY. Barclays boosted their target price on Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Oppenheimer assumed coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an "outperform" rating and a $28.00 target price for the company. Mizuho dropped their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a report on Friday, January 31st. Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and boosted their price objective for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, The Goldman Sachs Group increased 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. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.24.

Mobileye Global Stock Down 7.7 %

Shares of NASDAQ MBLY traded down $1.10 during midday trading on Friday, hitting $13.16. 5,156,654 shares of the company's stock were exchanged, compared to its average volume of 5,327,171. The firm has a market capitalization of $10.67 billion, a PE ratio of -3.45, a price-to-earnings-growth 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 company's 50 day moving average price is $15.83 and its 200 day moving average price is $15.87.

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%. On average, equities research analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current year.

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.