Alyeska Investment Group L.P. trimmed its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 47.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 393,022 shares of the company's stock after selling 350,000 shares during the quarter. Alyeska Investment Group L.P.'s holdings in Mobileye Global were worth $7,829,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in shares of 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 acquiring an additional 737 shares during the last quarter. Versant Capital Management Inc increased its holdings in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after purchasing an additional 1,131 shares during the period. FNY Investment Advisers LLC bought a new position in Mobileye Global during the 4th quarter worth $30,000. Global Retirement Partners LLC lifted its holdings in 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 buying an additional 932 shares during the period. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Mobileye Global in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 13.25% of the company's stock.
Mobileye Global Trading Up 4.0 %
Shares of NASDAQ MBLY traded up $0.62 during midday trading on Friday, hitting $16.30. The company's stock had a trading volume of 4,556,069 shares, compared to its average volume of 5,463,899. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of -4.27, a P/E/G ratio of 69.54 and a beta of 0.38. The stock has a fifty day moving average price of $14.32 and a 200 day moving average price of $16.04. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $33.26.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The business had revenue of $438.00 million for the quarter, compared to analysts' expectations of $434.87 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. The business's revenue for the quarter was up 83.3% compared to the same quarter last year. On average, equities research analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. TD Cowen lifted their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. Barclays reaffirmed an "equal weight" rating and set a $14.00 price target (down previously from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. The Goldman Sachs Group lowered their price objective on Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a research report on Thursday, April 10th. Finally, StockNews.com upgraded Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $18.63.
Check Out Our Latest Analysis on MBLY
Mobileye Global Profile
(
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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