Patten & Patten Inc. TN reduced its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 23.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 78,785 shares of the company's stock after selling 24,365 shares during the quarter. Patten & Patten Inc. TN's holdings in Mobileye Global were worth $1,569,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in shares of Mobileye Global by 49.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company's stock worth $186,194,000 after acquiring an additional 4,517,217 shares during the period. Loomis Sayles & Co. L P boosted its position in Mobileye Global by 85.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock worth $22,856,000 after purchasing an additional 768,169 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Mobileye Global by 0.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock valued at $30,569,000 after purchasing an additional 8,340 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock valued at $19,615,000 after purchasing an additional 279,082 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Mobileye Global during the 4th quarter worth about $13,786,000. Institutional investors and hedge funds own 13.25% of the company's stock.
Mobileye Global Trading Down 2.1 %
Mobileye Global stock traded down $0.30 during midday trading on Thursday, reaching $14.24. The company's stock had a trading volume of 2,540,666 shares, compared to its average volume of 5,210,329. The stock has a market cap of $11.55 billion, a PE ratio of -3.73, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $34.00. The business has a 50-day moving average price of $16.18 and a 200-day moving average price of $15.62.
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 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%. As a group, research analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of research analysts recently commented on MBLY shares. Oppenheimer assumed coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price target on the stock. Loop Capital increased their target price on Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Barclays boosted their price target on Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. UBS Group increased their price objective on Mobileye Global from $14.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, January 16th. Finally, Mizuho reduced their target price on shares of Mobileye Global from $17.00 to $16.00 and set a "neutral" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $22.24.
Get Our Latest Research Report on Mobileye Global
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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