Bayesian Capital Management LP Takes Position in Mobileye Global Inc. (NASDAQ:MBLY)

Bayesian Capital Management LP acquired a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 37,157 shares of the company's stock, valued at approximately $740,000.

A number of other institutional investors have also recently bought and sold shares of the business. Parkside Financial Bank & Trust boosted its holdings 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 worth $25,000 after purchasing an additional 737 shares during the period. Versant Capital Management Inc boosted its stake in shares of 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 buying an additional 1,131 shares during the period. FNY Investment Advisers LLC acquired a new position in shares of Mobileye Global in the fourth quarter worth $30,000. Global Retirement Partners LLC raised its holdings in shares of Mobileye Global by 136.9% during the fourth 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. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in Mobileye Global during the fourth quarter valued at $40,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MBLY. Mizuho cut their price target on Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company 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 note on Wednesday, April 23rd. JPMorgan Chase & Co. dropped their price target on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird lifted 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. Finally, Bank of America raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and increased their target price for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Two research 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 MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Stock Down 0.4 %

Shares of MBLY opened at $14.55 on Tuesday. The company has a 50-day moving average price of $14.31 and a two-hundred day moving average price of $16.00. The stock has a market cap of $11.81 billion, a price-to-earnings ratio of -3.81, a P/E/G ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $33.26.

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

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