Norges Bank bought a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,816,135 shares of the company's stock, valued at approximately $95,937,000. Norges Bank owned about 0.59% of Mobileye Global at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in MBLY. Parkside Financial Bank & Trust raised its position in Mobileye Global by 147.4% during the fourth 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 in the last quarter. Versant Capital Management Inc raised its holdings in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global in the 4th quarter valued at $30,000. Quarry LP bought a new stake in Mobileye Global in the third quarter worth $31,000. Finally, Global Retirement Partners LLC increased its position in 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 buying an additional 932 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on MBLY shares. Piper Sandler increased their price objective on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Mizuho dropped their price target on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. UBS Group upped their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, January 16th. Barclays lifted their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC restated a "buy" rating and set a $20.00 price target on shares of Mobileye Global in a 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 issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global presently has a consensus rating of "Hold" and an average price target of $22.24.
View Our Latest Stock Report on MBLY
Mobileye Global Stock Down 7.7 %
Shares of Mobileye Global stock traded down $1.10 during trading on Friday, reaching $13.16. 5,156,654 shares of the company were exchanged, compared to its average volume of 5,305,172. The business has a 50-day moving average price of $15.89 and a 200-day moving average price of $15.83. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of -3.45, a P/E/G ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $34.00.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share 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 forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.
Mobileye Global Company Profile
(
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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