Schonfeld Strategic Advisors LLC Reduces Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

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

Several other institutional investors have also added to or reduced their stakes in the business. Parkside Financial Bank & Trust raised its position in shares of Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after purchasing an additional 737 shares during the period. Global Retirement Partners LLC boosted its holdings in shares of 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 purchasing an additional 932 shares during the period. Daymark Wealth Partners LLC boosted its holdings in shares of Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company's stock valued at $233,000 after purchasing an additional 1,147 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global in the fourth quarter valued at approximately $30,000. Finally, Tidal Investments LLC lifted its holdings in Mobileye Global by 4.6% during the third quarter. Tidal Investments LLC now owns 36,586 shares of the company's stock worth $501,000 after buying an additional 1,617 shares during the period. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Price Performance

NASDAQ:MBLY traded down $0.10 during trading hours on Friday, reaching $15.84. 888,596 shares of the company were exchanged, compared to its average volume of 5,453,856. The stock has a 50 day simple moving average of $14.44 and a 200 day simple moving average of $16.13. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $33.26. The firm has a market cap of $12.86 billion, a price-to-earnings ratio of -4.16, a PEG ratio of 69.54 and a beta of 0.38.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The business had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same quarter last year, the firm posted ($0.07) EPS. The business's revenue for the quarter was up 83.3% compared to the same quarter last year. On average, analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

MBLY has been the topic of a number of recent analyst reports. TD Cowen upped their price target on Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, April 25th. Barclays reaffirmed an "equal weight" rating and issued a $14.00 price target (down from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. JPMorgan Chase & Co. decreased their target price on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Piper Sandler raised their price target 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. Finally, Needham & Company LLC dropped their target price on shares of Mobileye Global from $20.00 to $18.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.63.

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.