Raymond James Financial Inc. Takes $13.79 Million Position in Mobileye Global Inc. (NASDAQ:MBLY)

Raymond James Financial Inc. acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 692,067 shares of the company's stock, valued at approximately $13,786,000. Raymond James Financial Inc. owned approximately 0.09% of Mobileye Global at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Mobileye Global by 0.5% during the 4th 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 in the last quarter. Steward Partners Investment Advisory LLC lifted its stake in Mobileye Global by 181.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 14,218 shares of the company's stock valued at $283,000 after acquiring an additional 9,169 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Mobileye Global by 1,795.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,033 shares of the company's stock valued at $60,000 after acquiring an additional 2,873 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in 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 in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new stake in Mobileye Global in the 4th quarter valued at approximately $653,000. Institutional investors own 13.25% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have commented on MBLY shares. Royal Bank of Canada restated a "sector perform" rating and issued a $11.00 target price on shares of Mobileye Global in a research note on Thursday, December 5th. Bank of America upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and boosted their target price for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Needham & Company LLC restated a "buy" rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Friday, January 31st. Mizuho cut their target price on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research note on Friday, January 31st. Finally, Oppenheimer assumed coverage on Mobileye Global in a research report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mobileye Global currently has a consensus rating of "Hold" and a consensus target price of $22.24.

Mobileye Global Price Performance

NASDAQ MBLY traded up $0.32 on Friday, reaching $14.56. The stock had a trading volume of 2,136,064 shares, compared to its average volume of 5,196,959. The firm has a fifty day moving average of $16.11 and a two-hundred day moving average of $15.63. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $34.00. The company has a market cap of $11.81 billion, a P/E ratio of -3.81, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued 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 net margin of 186.82% and a negative return on equity of 0.34%. Research analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Mobileye Global 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.