Light Street Capital Management LLC purchased a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 766,892 shares of the company's stock, valued at approximately $15,276,000. Mobileye Global comprises about 2.8% of Light Street Capital Management LLC's holdings, making the stock its 12th biggest holding. Light Street Capital Management LLC owned 0.09% of Mobileye Global at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the business. Tidal Investments LLC grew its stake in Mobileye Global by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company's stock valued at $501,000 after acquiring an additional 1,617 shares during the period. FNY Investment Advisers LLC acquired a new stake in Mobileye Global in the 4th quarter valued at $30,000. Sanders Morris Harris LLC grew its stake in Mobileye Global by 100.0% in the 4th quarter. Sanders Morris Harris LLC now owns 40,000 shares of the company's stock valued at $801,000 after acquiring an additional 20,000 shares during the period. Daymark Wealth Partners LLC grew its stake in Mobileye Global by 10.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock valued at $233,000 after acquiring an additional 1,147 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Mobileye Global in the 4th quarter valued at $1,138,000. 13.25% of the stock is owned by hedge funds and other institutional investors.
Mobileye Global Stock Up 0.1%
Mobileye Global stock traded up $0.02 during mid-day trading on Friday, hitting $15.96. The company had a trading volume of 3,197,356 shares, compared to its average volume of 5,480,183. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of -4.18, a PEG ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $33.26. The business has a fifty day moving average of $14.46 and a 200 day moving average of $16.14.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The business had revenue of $438.00 million during the quarter, compared to the consensus estimate of $434.87 million. During the same period in the prior year, the company earned ($0.07) earnings per share. The company's revenue was up 83.3% compared to the same quarter last year. Equities analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on MBLY. BNP Paribas raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target on the stock in a research note on Wednesday, April 23rd. Mizuho dropped their target price on shares of Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Piper Sandler upped 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. Robert W. Baird boosted their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. Finally, TD Cowen upped their target price on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $18.63.
Check Out Our Latest Stock Analysis on Mobileye Global
Mobileye Global Company Profile
(
Free Report)
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.
Further Reading
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