Bamco Inc. NY Acquires 358,344 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Bamco Inc. NY raised its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 1,427.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 383,452 shares of the company's stock after buying an additional 358,344 shares during the period. Bamco Inc. NY's holdings in Mobileye Global were worth $7,638,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. The Manufacturers Life Insurance Company increased its position in shares of Mobileye Global by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 14,211,880 shares of the company's stock valued at $283,101,000 after purchasing an additional 621,062 shares during the last quarter. Norges Bank purchased a new position in shares of Mobileye Global during the fourth quarter worth approximately $95,937,000. Primecap Management Co. CA boosted its stake in shares of Mobileye Global by 2.3% in the 4th quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company's stock valued at $35,944,000 after purchasing an additional 40,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Mobileye Global by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company's stock valued at $34,181,000 after purchasing an additional 45,756 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Mobileye Global by 0.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company's stock worth $30,569,000 after purchasing an additional 8,340 shares during the period. Hedge funds and other institutional investors own 13.25% of the company's stock.

Analyst Ratings Changes

MBLY has been the topic of several analyst reports. Barclays reiterated an "equal weight" rating and issued a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. 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. TD Cowen raised their price target on Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, April 25th. The Goldman Sachs Group reduced their price target on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, UBS Group dropped their price target on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $18.63.

Mobileye Global Stock Up 4.0 %

NASDAQ:MBLY traded up $0.62 on Friday, hitting $16.30. The stock had a trading volume of 4,556,069 shares, compared to its average volume of 5,463,899. The business's 50-day simple moving average is $14.32 and its two-hundred day simple moving average is $16.04. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of -4.27, a price-to-earnings-growth 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.

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

Mobileye Global Profile

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.