Susquehanna Fundamental Investments LLC purchased a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 697,643 shares of the company's stock, valued at approximately $13,897,000. Susquehanna Fundamental Investments LLC owned about 0.09% of Mobileye Global at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust boosted its holdings in shares of Mobileye Global by 147.4% in the 4th 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 last quarter. Versant Capital Management Inc boosted its holdings in Mobileye Global by 580.0% in the fourth 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 last quarter. FNY Investment Advisers LLC acquired a new stake in Mobileye Global during the 4th quarter worth about $30,000. Global Retirement Partners LLC raised its stake in shares of Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company's stock valued at $32,000 after buying an additional 932 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new position in shares of Mobileye Global in the 4th quarter valued at about $40,000. 13.25% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on MBLY shares. Robert W. Baird lifted their price target on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research report on Friday, April 25th. TD Cowen increased their price target on shares of Mobileye Global from $15.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, April 25th. StockNews.com raised shares of Mobileye Global to a "sell" rating in a report on Tuesday. Bank of America upgraded Mobileye Global from an "underperform" rating to a "neutral" rating and raised their target price for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, Piper Sandler raised their price objective on Mobileye Global from $16.00 to $17.00 and gave the company a "neutral" rating in a report on Thursday, March 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $18.63.
View Our Latest Stock Analysis on MBLY
Mobileye Global Price Performance
Shares of MBLY traded up $0.31 during mid-day trading on Friday, reaching $14.71. The stock had a trading volume of 868,470 shares, compared to its average volume of 5,417,628. The business's fifty day moving average is $14.38 and its 200 day moving average is $15.92. 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 $11.94 billion, a price-to-earnings ratio of -3.85, a P/E/G ratio of 69.54 and a beta of 0.39.
Mobileye Global (NASDAQ:MBLY - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The firm had revenue of $438.00 million for the quarter, compared to analyst estimates 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 for the quarter was up 83.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.07) EPS. As a group, sell-side analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.
Mobileye Global Company 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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