US Bancorp DE lessened its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 40.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 136,735 shares of the company's stock after selling 91,073 shares during the period. US Bancorp DE's holdings in Mobileye Global were worth $2,724,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of MBLY. Parkside Financial Bank & Trust lifted its stake in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after purchasing an additional 737 shares during the last quarter. Global Retirement Partners LLC lifted its stake in shares of Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock worth $32,000 after acquiring an additional 932 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock valued at $25,000 after acquiring an additional 1,061 shares during the period. Versant Capital Management Inc boosted its holdings in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after acquiring an additional 1,131 shares during the period. Finally, Daymark Wealth Partners LLC increased its stake in Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after purchasing an additional 1,147 shares during the period. 13.25% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. Needham & Company LLC reissued a "buy" rating and set a $20.00 target price on shares of Mobileye Global in a research note on Friday, January 31st. Royal Bank of Canada reissued a "sector perform" rating and issued a $11.00 price objective on shares of Mobileye Global in a research report on Thursday, December 5th. Barclays increased their price objective on Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and lifted their target price for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, Mizuho dropped their price target on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating on the stock in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global has an average rating of "Hold" and a consensus target price of $22.95.
Get Our Latest Report on Mobileye Global
Mobileye Global Stock Performance
MBLY stock traded down $0.54 on Monday, hitting $15.05. 5,364,658 shares of the company's stock were exchanged, compared to its average volume of 6,237,104. The firm has a 50 day moving average price of $17.01 and a two-hundred day moving average price of $15.60. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The stock has a market cap of $12.21 billion, a P/E ratio of -3.94, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts expect that Mobileye Global Inc. will post 0.01 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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