Tobam lowered its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 97.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,639 shares of the company's stock after selling 128,376 shares during the period. Tobam's holdings in Mobileye Global were worth $72,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company's stock valued at $186,194,000 after purchasing an additional 4,517,217 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock valued at $22,856,000 after purchasing an additional 768,169 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock valued at $20,909,000 after purchasing an additional 957,565 shares during the last quarter. Geode Capital Management LLC grew its stake in 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 last quarter. Finally, Raymond James & Associates boosted its holdings in Mobileye Global by 81.3% in the third quarter. Raymond James & Associates now owns 609,841 shares of the company's stock worth $8,355,000 after acquiring an additional 273,424 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on the company. Oppenheimer assumed coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price target for the company. Loop Capital raised their price target on Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. TD Cowen raised their price target on Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Robert W. Baird raised their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Barclays lifted their target price on Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global presently has an average rating of "Hold" and a consensus price target of $22.86.
Read Our Latest Report on MBLY
Mobileye Global Stock Down 2.7 %
Shares of Mobileye Global stock traded down $0.47 on Wednesday, reaching $16.72. The company's stock had a trading volume of 7,692,283 shares, compared to its average volume of 7,643,992. The company has a market capitalization of $13.56 billion, a P/E ratio of -4.38, a PEG ratio of 20.12 and a beta of 0.26. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The stock has a 50-day moving average price of $17.58 and a 200-day moving average price of $15.54.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued 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 return on equity of 0.33% and a negative net margin of 186.82%. Sell-side analysts forecast that Mobileye Global Inc. will post 0.03 earnings per share for the current fiscal year.
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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