Concentric Capital Strategies LP Lowers Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Concentric Capital Strategies LP decreased its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 25.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 172,328 shares of the company's stock after selling 60,349 shares during the quarter. Concentric Capital Strategies LP's holdings in Mobileye Global were worth $3,433,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MBLY. Parkside Financial Bank & Trust grew its stake in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after purchasing an additional 737 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after buying an additional 1,131 shares during the period. FNY Investment Advisers LLC acquired a new position in Mobileye Global in the fourth quarter valued at $30,000. Global Retirement Partners LLC lifted its holdings in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after buying an additional 932 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Mobileye Global in the fourth quarter valued at $40,000. Institutional investors own 13.25% of the company's stock.

Mobileye Global Trading Up 1.1%

Shares of MBLY stock traded up $0.18 during trading on Tuesday, reaching $16.79. 1,307,148 shares of the company's stock traded hands, compared to its average volume of 5,442,924. The company has a market capitalization of $13.63 billion, a P/E ratio of -4.40, a PEG ratio of 69.54 and a beta of 0.38. The firm's 50-day moving average is $14.36 and its 200 day moving average is $16.10. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. The company had revenue of $438.00 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) EPS. As a group, sell-side analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

MBLY has been the topic of several recent analyst reports. Needham & Company LLC dropped their target price on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Bank of America upgraded shares of Mobileye Global from an "underperform" rating to a "neutral" rating and upped their price objective for the company from $12.00 to $19.00 in a report on Monday, February 10th. UBS Group dropped their price objective on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Mizuho dropped their price objective 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, TD Cowen upped their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the company a "buy" rating in a report on Friday, April 25th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently 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.