ARK Investment Management LLC Has $2.83 Million Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

ARK Investment Management LLC increased its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 89.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 141,812 shares of the company’s stock after acquiring an additional 66,934 shares during the period. ARK Investment Management LLC’s holdings in Mobileye Global were worth $2,825,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MBLY. Global Retirement Partners LLC grew its holdings in shares of Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after purchasing an additional 932 shares during the last quarter. Rakuten Securities Inc. boosted its holdings in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after acquiring an additional 1,061 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares in the last quarter. Daymark Wealth Partners LLC grew its position in Mobileye Global by 10.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock worth $233,000 after acquiring an additional 1,147 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in Mobileye Global during the 4th quarter valued at $30,000. Institutional investors own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

MBLY has been the subject of a number of research reports. 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 report on Friday, November 1st. TD Cowen upped their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Oppenheimer began coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target for the company. Mizuho reduced their price objective on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, The Goldman Sachs Group upped their price target on Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.95.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $16.42 on Thursday. The business’s 50-day simple moving average is $17.52 and its 200-day simple moving average is $15.56. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The stock has a market capitalization of $13.32 billion, a PE ratio of -4.30, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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, research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current 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.