Arcadia Investment Management Corp MI Decreases Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Arcadia Investment Management Corp MI cut its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 62.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,736 shares of the company’s stock after selling 86,920 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Mobileye Global were worth $1,051,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Handelsbanken Fonder AB purchased a new position in shares of Mobileye Global during the fourth quarter worth approximately $442,000. Alberta Investment Management Corp boosted its holdings in Mobileye Global by 932.4% in the fourth quarter. Alberta Investment Management Corp now owns 566,737 shares of the company’s stock valued at $11,289,000 after acquiring an additional 511,840 shares in the last quarter. Global Retirement Partners LLC boosted its holdings 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 in the last quarter. Atria Wealth Solutions Inc. boosted 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 buying an additional 3,296 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Mobileye Global by 107.2% during the 4th quarter. D.A. Davidson & CO. now owns 28,600 shares of the company’s stock valued at $570,000 after buying an additional 14,800 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on MBLY. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 target price on shares of Mobileye Global in a report on Thursday, December 5th. Loop Capital upped their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird boosted their target price on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. UBS Group boosted their target price on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Finally, Canaccord Genuity Group decreased their target price on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.86.

Mobileye Global Stock Down 1.9 %

NASDAQ MBLY opened at $17.79 on Friday. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $34.00. The company has a 50-day moving average price of $17.67 and a 200-day moving average price of $15.53.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 predict that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Mobileye Global Company 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.