Light Street Capital Management LLC Makes New Investment in Mobileye Global Inc. (NASDAQ:MBLY)

Light Street Capital Management LLC purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 766,892 shares of the company's stock, valued at approximately $15,276,000. Mobileye Global comprises 2.8% of Light Street Capital Management LLC's holdings, making the stock its 12th largest holding. Light Street Capital Management LLC owned 0.09% of Mobileye Global at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted 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 buying an additional 737 shares during the period. Global Retirement Partners LLC boosted its holdings 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 worth $32,000 after buying an additional 932 shares during the period. Daymark Wealth Partners LLC boosted its holdings in shares of Mobileye Global by 10.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock worth $233,000 after buying an additional 1,147 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global during the 4th quarter worth about $30,000. Finally, Tidal Investments LLC boosted its holdings in shares of Mobileye Global by 4.6% during the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company's stock worth $501,000 after buying an additional 1,617 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Price Performance

MBLY stock traded down $0.78 during trading on Thursday, reaching $15.94. 3,764,926 shares of the company were exchanged, compared to its average volume of 5,472,014. The company has a 50-day moving average of $14.42 and a two-hundred day moving average of $16.11. The company has a market capitalization of $12.94 billion, a price-to-earnings ratio of -4.17, a P/E/G ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 in the prior year, the company earned ($0.07) EPS. The firm's quarterly revenue was up 83.3% compared to the same quarter last year. On average, analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on MBLY shares. JPMorgan Chase & Co. reduced their target price on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Piper Sandler lifted their target price on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a "neutral" rating in a report on Thursday, March 20th. Barclays reissued an "equal weight" rating and issued a $14.00 price objective (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Mizuho lowered their target price on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Finally, Robert W. Baird increased their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average 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.