Frontier Capital Management Co. LLC Has $18.48 Million Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Frontier Capital Management Co. LLC cut its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 927,580 shares of the company's stock after selling 57,654 shares during the quarter. Frontier Capital Management Co. LLC owned about 0.11% of Mobileye Global worth $18,477,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. ARK Investment Management LLC boosted its position in Mobileye Global by 89.4% during the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock worth $2,825,000 after purchasing an additional 66,934 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Mobileye Global in the 4th quarter valued at about $442,000. Yiheng Capital Management L.P. acquired a new position in Mobileye Global during the fourth quarter worth about $14,940,000. Slow Capital Inc. lifted its holdings in shares of Mobileye Global by 440.7% in the fourth quarter. Slow Capital Inc. now owns 246,314 shares of the company's stock valued at $4,907,000 after purchasing an additional 200,757 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its position in shares of Mobileye Global by 27.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 15,507 shares of the company's stock valued at $309,000 after purchasing an additional 3,296 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MBLY shares. JPMorgan Chase & Co. decreased their price objective on Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. StockNews.com raised shares of Mobileye Global to a "sell" rating in a research note on Tuesday, April 29th. Mizuho cut their price objective 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. The Goldman Sachs Group decreased their target price on shares of Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a research report on Thursday, April 10th. Finally, Barclays reiterated an "equal weight" rating and issued a $14.00 price target (down from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $18.63.

Mobileye Global Trading Down 1.4%

Mobileye Global stock traded down $0.24 during trading hours on Wednesday, reaching $16.70. 1,273,927 shares of the company were exchanged, compared to its average volume of 5,447,277. The stock has a 50-day moving average of $14.40 and a 200 day moving average of $16.10. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $33.26. The firm has a market cap of $13.56 billion, a price-to-earnings ratio of -4.37, a PEG ratio of 69.54 and a beta of 0.38.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $438.00 million during 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%. The business's quarterly revenue was up 83.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.07) EPS. As a group, research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current year.

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.