Stifel Financial Corp Cuts Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Stifel Financial Corp cut its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 29.7% during the fourth quarter, according to the company in its most recent disclosure 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.

A number of other institutional investors have also recently bought and sold shares of the business. Virtu Financial LLC bought a new position in shares of Mobileye Global in the third quarter valued at approximately $229,000. Tidal Investments LLC boosted its stake in Mobileye Global by 4.6% in the third quarter. Tidal Investments LLC now owns 36,586 shares of the company's stock worth $501,000 after purchasing an additional 1,617 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of 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 during the last quarter. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global in the fourth quarter valued at about $30,000. Finally, Sanders Morris Harris LLC raised its position in Mobileye Global by 100.0% in the 4th quarter. Sanders Morris Harris LLC now owns 40,000 shares of the company's stock worth $801,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MBLY. StockNews.com upgraded shares of Mobileye Global to a "sell" rating in a report on Tuesday, April 29th. UBS Group reduced their target price on Mobileye Global from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Robert W. Baird increased their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, April 25th. TD Cowen boosted their price objective on Mobileye Global from $15.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Mobileye Global from $11.00 to $10.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Mobileye Global presently has a consensus rating of "Hold" and an average price target of $18.63.

Mobileye Global Stock Performance

Mobileye Global stock traded up $0.46 during mid-day trading on Friday, reaching $16.14. The company's stock had a trading volume of 1,889,076 shares, compared to its average volume of 5,427,323. The firm's fifty day moving average price is $14.28 and its two-hundred day moving average price is $16.00. The company has a market capitalization of $13.10 billion, a P/E ratio of -4.23, a PEG ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $33.26.

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