Canada Pension Plan Investment Board Takes Position in Mobileye Global Inc. (NASDAQ:MBLY)

Canada Pension Plan Investment Board bought a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 147,900 shares of the company's stock, valued at approximately $2,946,000.

Other large investors have also made changes to their positions in the company. Parkside Financial Bank & Trust grew its holdings in shares of Mobileye Global by 147.4% in the 4th 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 last quarter. Versant Capital Management Inc lifted its position in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after buying an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Mobileye Global during the 4th quarter worth about $30,000. Global Retirement Partners LLC lifted its position 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 in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Mobileye Global during the 4th quarter worth about $40,000. Institutional investors own 13.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MBLY. Mizuho reduced their price target on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating on the stock in a research report on Friday. Robert W. Baird upped their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday. Barclays reiterated 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. Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and upped their price target for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, Piper Sandler upped their target price on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $20.35.

Mobileye Global Price Performance

Shares of MBLY traded down $0.04 during mid-day trading on Monday, hitting $15.10. 2,651,553 shares of the company's stock were exchanged, compared to its average volume of 5,449,282. The company has a market cap of $12.25 billion, a PE ratio of -3.95, a P/E/G ratio of 69.54 and a beta of 0.39. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $33.26. The company has a 50-day simple moving average of $14.51 and a 200 day simple moving average of $15.93.

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, hitting the consensus estimate of $0.08. The company had revenue of $438.00 million during the quarter, compared to analysts' expectations of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The business's quarterly revenue was up 83.3% on a year-over-year basis. During the same period last year, the business earned ($0.07) EPS. On average, analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share 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.