Norges Bank Takes $95.94 Million Position in Mobileye Global Inc. (NASDAQ:MBLY)

Norges Bank acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,816,135 shares of the company's stock, valued at approximately $95,937,000. Norges Bank owned approximately 0.59% of Mobileye Global at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after buying an additional 737 shares during the period. Global Retirement Partners LLC raised its position 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 purchasing an additional 932 shares during the period. Versant Capital Management Inc lifted its holdings 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 purchasing an additional 1,131 shares in the last quarter. Daymark Wealth Partners LLC grew its position in Mobileye Global by 10.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock valued at $233,000 after purchasing an additional 1,147 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Mobileye Global during the 4th quarter valued at $30,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

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 stock were exchanged, compared to its average volume of 5,327,171. The firm has a market cap of $10.67 billion, a price-to-earnings ratio of -3.45, a price-to-earnings-growth 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 stock's fifty day moving average is $15.83 and its 200 day moving average is $15.90.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data 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%. Equities analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MBLY shares. 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 research note on Friday, January 31st. UBS Group lifted their price target on Mobileye Global from $14.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, January 16th. Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and increased their price objective for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Loop Capital lifted their target price on Mobileye Global from $20.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Finally, Needham & Company LLC reissued 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 assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $22.24.

Mobileye Global Company 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.