Marshall Wace LLP Reduces Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Marshall Wace LLP reduced its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 50.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 115,844 shares of the company's stock after selling 117,473 shares during the period. Marshall Wace LLP's holdings in Mobileye Global were worth $2,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in shares of Mobileye Global by 31.1% in 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 period. XTX Topco Ltd acquired a new position in shares of Mobileye Global in the 4th quarter worth approximately $206,000. Rockefeller Capital Management L.P. boosted its stake in shares of Mobileye Global by 77.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 32,766 shares of the company's stock valued at $653,000 after purchasing an additional 14,296 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Mobileye Global during the fourth quarter worth $181,000. Finally, Headlands Technologies LLC acquired a new position in Mobileye Global in the fourth quarter valued at $2,124,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. The Goldman Sachs Group dropped their price target on Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Thursday, April 10th. StockNews.com upgraded shares of Mobileye Global to a "sell" rating in a report on Tuesday. Barclays reiterated an "equal weight" rating and set a $14.00 price objective (down 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, BNP Paribas raised Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price objective for the company in a report on Wednesday, April 23rd. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $18.63.

Mobileye Global Trading Up 2.2 %

Shares of NASDAQ:MBLY traded up $0.32 during mid-day trading on Friday, reaching $14.72. The company had a trading volume of 424,341 shares, compared to its average volume of 5,415,853. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $33.26. The company's 50-day moving average price is $14.38 and its 200-day moving average price is $15.92. The firm has a market cap of $11.95 billion, a price-to-earnings ratio of -3.86, a PEG ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The firm 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 business's revenue was up 83.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. On average, research analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

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.