Eagle Global Advisors LLC Grows Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Eagle Global Advisors LLC boosted its position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 143.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,800 shares of the company's stock after acquiring an additional 57,000 shares during the quarter. Eagle Global Advisors LLC's holdings in Mobileye Global were worth $1,928,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after buying an additional 737 shares in the last quarter. Global Retirement Partners LLC grew 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 acquiring an additional 932 shares during the last quarter. Versant Capital Management Inc increased its holdings in Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after purchasing an additional 1,131 shares in the last quarter. Daymark Wealth Partners LLC increased its holdings in Mobileye Global by 10.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after purchasing an additional 1,147 shares in the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Mobileye Global in the fourth quarter valued at about $30,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MBLY has been the subject of several recent research reports. Mizuho lowered their price objective 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. Robert W. Baird boosted their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. The Goldman Sachs Group dropped their price target on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a research note on Thursday, April 10th. Needham & Company LLC reduced their price objective on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, BNP Paribas raised Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 target price for the company in a research report on Wednesday, April 23rd. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Mobileye Global currently has an average rating of "Hold" and a consensus target price of $18.63.

Mobileye Global Trading Up 4.0 %

Shares of MBLY traded up $0.62 on Friday, reaching $16.30. The company's stock had a trading volume of 4,556,069 shares, compared to its average volume of 5,463,899. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $33.26. The stock has a market capitalization of $13.23 billion, a PE ratio of -4.27, a PEG ratio of 69.54 and a beta of 0.38. The firm has a fifty day moving average of $14.32 and a 200-day moving average of $16.04.

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