Two Sigma Investments LP Reduces Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Two Sigma Investments LP decreased its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,925 shares of the company's stock after selling 57,810 shares during the period. Two Sigma Investments LP's holdings in Mobileye Global were worth $3,226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its position 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 valued at $25,000 after purchasing an additional 737 shares during the period. 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 purchasing an additional 932 shares during the period. Impax Asset Management Group plc raised its position in shares of Mobileye Global by 3.0% during the 4th quarter. Impax Asset Management Group plc now owns 65,500 shares of the company's stock valued at $1,305,000 after purchasing an additional 1,927 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Mobileye Global during the 4th quarter valued at $40,000. Finally, Ancora Advisors LLC bought a new stake in shares of Mobileye Global during the 4th quarter valued at $40,000. Institutional investors own 13.25% of the company's stock.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY traded up $0.80 during trading hours on Tuesday, hitting $16.67. The company's stock had a trading volume of 4,470,758 shares, compared to its average volume of 5,521,548. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $33.26. The company has a market capitalization of $13.54 billion, a price-to-earnings ratio of -4.36, a P/E/G ratio of 69.54 and a beta of 0.38. The firm's fifty day moving average price is $14.70 and its 200 day moving average price is $16.20.

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

Insider Buying and Selling at Mobileye Global

In other Mobileye Global news, EVP Boaz Ouriel sold 67,493 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $16.09, for a total transaction of $1,085,962.37. Following the transaction, the executive vice president now owns 107,853 shares in the company, valued at approximately $1,735,354.77. This represents a 38.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MBLY shares. Wall Street Zen raised shares of Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and raised their target price for the stock from $12.00 to $19.00 in a report on Monday, February 10th. The Goldman Sachs Group lowered their target price on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, April 10th. Finally, Barclays restated an "equal weight" rating and issued a $14.00 target price (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $18.63.

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.