Dimensional Fund Advisors LP Makes New Investment in Mobileye Global Inc. (NASDAQ:MBLY)

Dimensional Fund Advisors LP acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the fourth quarter, according to the company in its most recent filing 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 approximately 0.17% of Mobileye Global at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Mobileye Global in the 3rd quarter valued at about $229,000. Tidal Investments LLC boosted its stake in shares of Mobileye Global by 4.6% during the third quarter. Tidal Investments LLC now owns 36,586 shares of the company's stock valued at $501,000 after purchasing an additional 1,617 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of Mobileye Global by 580.0% during 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 in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global during the fourth quarter valued at approximately $30,000. Finally, Sanders Morris Harris LLC boosted its stake in shares of Mobileye Global by 100.0% during the fourth quarter. Sanders Morris Harris LLC now owns 40,000 shares of the company's stock valued at $801,000 after purchasing an additional 20,000 shares in the last quarter. Institutional investors own 13.25% of the company's stock.

Wall Street Analyst Weigh In

MBLY has been the subject of several recent analyst reports. Barclays reiterated an "equal weight" rating and set a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. StockNews.com upgraded shares of Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Robert W. Baird upped their price target 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. UBS Group decreased their price target on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Finally, BNP Paribas raised shares of 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 given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Trading Up 3.4%

Shares of MBLY traded up $0.55 during trading hours on Monday, reaching $16.85. The company had a trading volume of 701,830 shares, compared to its average volume of 5,445,434. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of -4.43, a PEG 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. The firm has a 50 day simple moving average of $14.32 and a 200-day simple moving average of $16.07.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. The firm had revenue of $438.00 million for 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 firm's revenue was up 83.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.07) EPS. Sell-side analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Mobileye Global Company 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.