Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 907,417 shares of the company's stock after selling 275,883 shares during the period. Renaissance Technologies LLC owned approximately 0.11% of Mobileye Global worth $18,076,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of 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 purchasing an additional 737 shares in the last quarter. Versant Capital Management Inc boosted its position 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 during the period. FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global in the 4th quarter valued at about $30,000. Global Retirement Partners LLC raised its stake 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 valued at $32,000 after acquiring an additional 932 shares during the last quarter. Finally, Allianz SE bought a new position in Mobileye Global in the 4th quarter worth $43,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Price Performance

MBLY stock traded down $0.40 during trading on Friday, hitting $11.90. 2,681,057 shares of the company traded hands, compared to its average volume of 5,411,144. The company has a market cap of $9.65 billion, a PE ratio of -3.12, a P/E/G 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 50-day simple moving average is $15.13 and its 200 day simple moving average is $15.85.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its earnings results 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 expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Robert W. Baird reduced their target price on Mobileye Global from $25.00 to $17.00 and set an "outperform" rating on the stock in a report on Tuesday. Oppenheimer began coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 target price on the stock. 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. Piper Sandler raised their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Finally, The Goldman Sachs Group dropped their target price on Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $20.55.

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.