Mobileye Global Inc. (NASDAQ:MBLY) Stake Lowered by First Trust Advisors LP

First Trust Advisors LP cut its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 506,339 shares of the company's stock after selling 47,814 shares during the period. First Trust Advisors LP owned 0.06% of Mobileye Global worth $10,086,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. HITE Hedge Asset Management LLC acquired a new stake in shares of Mobileye Global during the fourth quarter worth $4,264,000. Cramer Rosenthal Mcglynn LLC grew its position in shares of Mobileye Global by 21.2% during the fourth quarter. Cramer Rosenthal Mcglynn LLC now owns 464,330 shares of the company's stock worth $9,249,000 after acquiring an additional 81,126 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Mobileye Global during the fourth quarter worth about $2,946,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Mobileye Global during the fourth quarter worth about $40,000. Finally, NewEdge Advisors LLC grew its position in shares of Mobileye Global by 31.1% during the fourth quarter. NewEdge Advisors LLC now owns 28,209 shares of the company's stock worth $562,000 after acquiring an additional 6,694 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Trading Down 1.2 %

MBLY stock traded down $0.18 during mid-day trading on Thursday, reaching $14.40. 2,440,384 shares of the stock traded hands, compared to its average volume of 5,435,702. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $33.26. The company has a market cap of $11.69 billion, a P/E ratio of -3.77, a P/E/G ratio of 69.54 and a beta of 0.39. The stock's fifty day moving average is $14.38 and its 200-day moving average is $15.92.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting 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 business had revenue of $438.00 million during the quarter, compared to analysts' expectations of $434.87 million. During the same period last year, the company posted ($0.07) earnings per share. The firm's quarterly revenue was up 83.3% compared to the same quarter last year. Equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MBLY. Barclays restated an "equal weight" rating and set a $14.00 price target (down previously from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. Mizuho lowered their price target on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. StockNews.com upgraded shares of Mobileye Global to a "sell" rating in a research report on Tuesday. Oppenheimer initiated coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 target price for the company. Finally, BNP Paribas upgraded shares of 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 research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average 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.