Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lowered its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 74.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,400 shares of the company's stock after selling 71,233 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Mobileye Global were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. ARK Investment Management LLC raised its holdings in shares of Mobileye Global by 89.4% in the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock worth $2,825,000 after buying an additional 66,934 shares during the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Mobileye Global in the 4th quarter valued at $442,000. Yiheng Capital Management L.P. acquired a new stake in Mobileye Global during the 4th quarter worth about $14,940,000. Slow Capital Inc. grew its stake in Mobileye Global by 440.7% during the 4th 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 during the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings 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 period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Trading Up 4.0 %

MBLY stock opened at $16.30 on Friday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $33.26. The business's 50-day moving average is $14.32 and its 200 day moving average is $16.04. The stock has a market cap of $13.23 billion, a price-to-earnings ratio of -4.27, a PEG ratio of 69.54 and a beta of 0.38.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting 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 return on equity of 0.34% and a negative net margin of 186.82%. The firm's revenue for the quarter was up 83.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) earnings per share. As a group, equities analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. The Goldman Sachs Group decreased their target price on Mobileye Global from $20.00 to $17.00 and set a "buy" rating for the company in a report on Thursday, April 10th. 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. Piper Sandler raised 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. Oppenheimer began coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average 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.

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