Hudson Bay Capital Management LP Buys Shares of 368,038 Mobileye Global Inc. (NASDAQ:MBLY)

Hudson Bay Capital Management LP purchased a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 368,038 shares of the company's stock, valued at approximately $7,331,000.

Other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings 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. FNY Investment Advisers LLC bought a new position in Mobileye Global in the 4th quarter valued at about $30,000. Global Retirement Partners LLC raised its position in 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 purchasing an additional 932 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mobileye Global during the 4th quarter worth $40,000. Finally, Ancora Advisors LLC acquired a new stake in Mobileye Global in the fourth quarter valued at about $40,000. Institutional investors own 13.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on MBLY shares. The Goldman Sachs Group dropped their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Oppenheimer started coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price target on the stock. StockNews.com raised shares of Mobileye Global to a "sell" rating in a report on Tuesday, April 29th. Piper Sandler boosted their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, March 20th. Finally, Needham & Company LLC lowered their target price on Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $18.63.

Mobileye Global Stock Down 4.7%

NASDAQ MBLY traded down $0.78 on Thursday, reaching $15.94. The company had a trading volume of 3,764,926 shares, compared to its average volume of 5,456,117. The stock has a market capitalization of $12.94 billion, a P/E ratio of -4.17, a P/E/G ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $33.26. The company's fifty day moving average is $14.42 and its 200 day moving average is $16.11.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. The company had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. Mobileye Global's revenue was up 83.3% on a year-over-year basis. During the same period last year, the business posted ($0.07) earnings per share. On average, research analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

About Mobileye Global

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.