PFG Investments LLC Sells 16,725 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

PFG Investments LLC reduced its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 36.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,624 shares of the company's stock after selling 16,725 shares during the period. PFG Investments LLC's holdings in Mobileye Global were worth $590,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MBLY. Rakuten Securities Inc. raised its stake in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock valued at $25,000 after purchasing an additional 1,061 shares in the last quarter. Versant Capital Management Inc raised its stake in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after buying an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Mobileye Global during the 4th quarter worth approximately $30,000. Quarry LP acquired a new stake in shares of Mobileye Global during the 3rd quarter valued at approximately $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in Mobileye Global during the fourth quarter worth $58,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MBLY. Oppenheimer initiated coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 target price on the stock. Robert W. Baird upped their price objective on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Royal Bank of Canada reiterated a "sector perform" rating and issued a $11.00 target price on shares of Mobileye Global in a research note on Thursday, December 5th. Mizuho upped their price target on shares of Mobileye Global from $15.00 to $17.00 and gave the stock a "neutral" rating in a research report on Tuesday, December 10th. Finally, TD Cowen boosted their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $23.20.

Mobileye Global Stock Performance

Shares of MBLY stock traded down $0.05 during trading on Thursday, hitting $15.97. 14,990,064 shares of the company were exchanged, compared to its average volume of 8,093,908. The business's 50-day simple moving average is $17.82 and its 200 day simple moving average is $16.09. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of -4.41, a P/E/G ratio of 11.65 and a beta of 0.30. 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 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 164.13% and a positive return on equity of 0.63%. On average, equities analysts forecast that Mobileye Global Inc. will post -0.05 earnings per share for the current fiscal year.

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.