Dimensional Fund Advisors LP Invests $27.16 Million in Mobileye Global Inc. (NASDAQ:MBLY)

Dimensional Fund Advisors LP acquired a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,363,184 shares of the company's stock, valued at approximately $27,155,000. Dimensional Fund Advisors LP owned 0.17% of Mobileye Global as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its stake 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 acquiring an additional 737 shares during the period. Global Retirement Partners LLC boosted its stake in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after buying an additional 932 shares in the last quarter. Versant Capital Management Inc grew its holdings in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after acquiring an additional 1,131 shares during the period. Daymark Wealth Partners LLC raised its position in Mobileye Global by 10.9% in the fourth 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. Finally, FNY Investment Advisers LLC bought a new position in shares of Mobileye Global during the 4th quarter valued at about $30,000. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Trading Up 4.0 %

MBLY traded up $0.62 on Friday, hitting $16.30. 4,556,069 shares of the stock traded hands, compared to its average volume of 5,463,899. The business has a fifty day moving average price of $14.32 and a two-hundred day moving average price of $16.04. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $33.26. The firm has a market capitalization of $13.24 billion, a PE ratio of -4.27, a P/E/G ratio of 69.54 and a beta of 0.38.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. The firm 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 business's revenue was up 83.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) earnings per share. On average, equities research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MBLY. Piper Sandler lifted their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a research report on Thursday, March 20th. StockNews.com upgraded Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Mizuho cut their price objective on Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Bank of America raised Mobileye Global from an "underperform" rating to a "neutral" rating and upped their target price for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, BNP Paribas upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target for the company in a report on Wednesday, April 23rd. Two research 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 company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $18.63.

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.