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

Eagle Global Advisors LLC increased its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 143.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,800 shares of the company's stock after purchasing an additional 57,000 shares during the period. Eagle Global Advisors LLC's holdings in Mobileye Global were worth $1,928,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its holdings in shares of Mobileye Global by 147.4% during 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 in the last quarter. Versant Capital Management Inc raised its position 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 in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global during the 4th quarter valued at about $30,000. Global Retirement Partners LLC raised its position in shares of Mobileye Global by 136.9% during the 4th 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. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Mobileye Global during the 4th quarter valued at $40,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Price Performance

Mobileye Global stock traded up $0.18 during midday trading on Tuesday, reaching $16.79. The company had a trading volume of 1,307,148 shares, compared to its average volume of 5,443,098. The company has a market capitalization of $13.63 billion, a P/E ratio of -4.40, 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. The firm's fifty day simple moving average is $14.36 and its 200-day simple moving average is $16.10.

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on MBLY shares. StockNews.com raised shares of Mobileye Global to a "sell" rating in a research report on Tuesday, April 29th. Mizuho cut their price target on Mobileye Global from $16.00 to $15.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Oppenheimer started coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They set an "outperform" rating and a $28.00 price objective on the stock. JPMorgan Chase & Co. cut their price target on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Finally, Needham & Company LLC dropped their price target on Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.