Hudson Bay Capital Management LP acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 368,038 shares of the company's stock, valued at approximately $7,331,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in shares of 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 buying an additional 737 shares during the period. Global Retirement Partners LLC lifted its stake in Mobileye Global by 136.9% in 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 in the last quarter. Daymark Wealth Partners LLC lifted its stake in Mobileye Global by 10.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after acquiring an additional 1,147 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Mobileye Global during the 4th quarter worth about $30,000. Finally, Tidal Investments LLC grew its stake in Mobileye Global by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company's stock valued at $501,000 after acquiring an additional 1,617 shares in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have recently issued reports on MBLY shares. UBS Group reduced their price target on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Robert W. Baird upped their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. BNP Paribas upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price for the company in a research report on Wednesday, April 23rd. TD Cowen boosted their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "buy" rating in a report on Friday, April 25th. Finally, Needham & Company LLC dropped their price target on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mobileye Global presently has a consensus rating of "Hold" and an average price target of $18.63.
Check Out Our Latest Research Report on Mobileye Global
Mobileye Global Stock Up 0.1%
MBLY stock traded up $0.02 during midday trading on Friday, hitting $15.96. 3,197,356 shares of the company traded hands, compared to its average volume of 5,497,422. The stock has a market capitalization of $12.96 billion, a price-to-earnings ratio of -4.18, a price-to-earnings-growth ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $33.26. The business has a 50 day simple moving average of $14.46 and a 200-day simple moving average of $16.17.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The business had revenue of $438.00 million during the quarter, compared to analysts' expectations of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The firm's revenue was up 83.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.07) EPS. Equities research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current 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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