Needham Investment Management LLC bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 50,000 shares of the company's stock, valued at approximately $996,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. ARK Investment Management LLC raised its position in shares of Mobileye Global by 89.4% in the 4th quarter. ARK Investment Management LLC now owns 141,812 shares of the company's stock valued at $2,825,000 after buying an additional 66,934 shares in the last quarter. Handelsbanken Fonder AB acquired a new position in shares of Mobileye Global in the 4th quarter valued at approximately $442,000. Yiheng Capital Management L.P. acquired a new position in shares of Mobileye Global in the 4th quarter valued at approximately $14,940,000. Slow Capital Inc. grew its holdings in shares of 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. grew its holdings in shares of Mobileye Global by 27.0% during the 4th 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. 13.25% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on the stock. BNP Paribas raised shares of Mobileye Global from an "underperform" rating to a "neutral" rating and set a $11.00 price target on the stock in a report on Wednesday, April 23rd. Piper Sandler lifted their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. StockNews.com raised shares of Mobileye Global to a "sell" rating in a report on Tuesday, April 29th. Robert W. Baird boosted their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. Finally, UBS Group reduced their target price 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. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $18.63.
Get Our Latest Stock Report on MBLY
Mobileye Global Price Performance
Shares of Mobileye Global stock traded up $0.02 during trading on Friday, reaching $15.96. 3,197,356 shares of the company traded hands, compared to its average volume of 5,480,183. The company has a 50 day moving average price of $14.44 and a 200-day moving average price of $16.13. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $33.26. The firm has a market capitalization of $12.96 billion, a PE ratio of -4.18, a P/E/G ratio of 69.54 and a beta of 0.38.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate 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 revenue was up 83.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.
Mobileye Global Profile
(
Free Report)
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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