Vanguard Group Inc. Boosts Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Vanguard Group Inc. raised its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,715,928 shares of the company's stock after purchasing an additional 45,756 shares during the quarter. Vanguard Group Inc. owned about 0.21% of Mobileye Global worth $34,181,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Parkside Financial Bank & Trust raised its position in Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock worth $25,000 after buying an additional 737 shares during the last quarter. Versant Capital Management Inc raised its holdings in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock worth $26,000 after purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Mobileye Global in the fourth quarter valued at about $30,000. Global Retirement Partners LLC boosted its holdings in Mobileye Global by 136.9% in the 4th 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 in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mobileye Global during the 4th quarter worth approximately $58,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on MBLY shares. Mizuho reduced their price target on Mobileye Global from $17.00 to $16.00 and set a "neutral" rating for the company in a report on Friday, January 31st. Robert W. Baird decreased their target price on shares of Mobileye Global from $25.00 to $17.00 and set an "outperform" rating on the stock in a research report on Tuesday. Piper Sandler raised their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. dropped their target price on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating for the company in a report on Thursday. Finally, The Goldman Sachs Group lowered their price target on Mobileye Global from $20.00 to $17.00 and set a "buy" rating on the stock in a report on Thursday, April 10th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $20.55.

Mobileye Global Price Performance

NASDAQ MBLY traded down $0.40 during mid-day trading on Friday, hitting $11.90. The company's stock had a trading volume of 2,681,057 shares, compared to its average volume of 5,424,606. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $33.26. The stock's fifty day simple moving average is $15.02 and its two-hundred day simple moving average is $15.84. The firm has a market capitalization of $9.65 billion, a P/E ratio of -3.12, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. On average, equities analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal 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.