Stifel Financial Corp Sells 53,170 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Stifel Financial Corp lessened its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 29.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 126,066 shares of the company's stock after selling 53,170 shares during the period. Stifel Financial Corp's holdings in Mobileye Global were worth $2,511,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its holdings in shares of Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company's stock valued at $25,000 after acquiring an additional 737 shares during the period. Versant Capital Management Inc raised its stake in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company's stock valued at $26,000 after purchasing an additional 1,131 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global in the fourth quarter valued at $30,000. Global Retirement Partners LLC boosted its position 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 worth $32,000 after buying an additional 932 shares during the period. Finally, Strategic Investment Solutions Inc. IL acquired a new position in Mobileye Global during the fourth quarter valued at $40,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MBLY has been the topic of several research analyst reports. Robert W. Baird lifted their target price on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, April 25th. Piper Sandler boosted their target price on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a research note on Thursday, March 20th. Mizuho cut their price target on Mobileye Global from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Oppenheimer assumed coverage on Mobileye Global in a research note on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price target for the company. Finally, UBS Group reduced their target price on shares of Mobileye Global from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $18.63.

Mobileye Global Stock Up 1.4 %

Mobileye Global stock traded up $0.20 during mid-day trading on Wednesday, reaching $14.77. The company had a trading volume of 2,238,032 shares, compared to its average volume of 5,419,832. The firm has a market cap of $11.99 billion, a price-to-earnings ratio of -3.87, a PEG ratio of 69.54 and a beta of 0.38. The company has a 50 day moving average of $14.28 and a 200-day moving average of $15.99. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $33.26.

Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. The business had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. During the same period last year, the business earned ($0.07) earnings per share. The firm'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 earnings per share for the current fiscal year.

Mobileye Global 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.