Talos Asset Management LP Takes $6.96 Million Position in Mobileye Global Inc. (NASDAQ:MBLY)

Talos Asset Management LP purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY) in the fourth quarter, Holdings Channel reports. The firm purchased 349,600 shares of the company’s stock, valued at approximately $6,964,000. Mobileye Global accounts for approximately 1.6% of Talos Asset Management LP’s portfolio, making the stock its 20th biggest position.

A number of other large investors have also made changes to their positions in MBLY. Charles Schwab Investment Management Inc. lifted its stake in Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after purchasing an additional 957,565 shares in the last quarter. ARK Investment Management LLC lifted its stake in Mobileye Global by 89.4% during the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company’s stock worth $2,825,000 after purchasing an additional 66,934 shares in the last quarter. Geode Capital Management LLC lifted its stake in Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after purchasing an additional 279,082 shares in the last quarter. Paloma Partners Management Co acquired a new position in Mobileye Global during the third quarter worth $2,598,000. Finally, Versant Capital Management Inc lifted its stake in 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 in the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays upped their price target on Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Loop Capital lifted their target price on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Oppenheimer began coverage on Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a report on Friday, January 31st. Finally, Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Mobileye Global has a consensus rating of “Hold” and an average price target of $22.95.

Mobileye Global Stock Performance

MBLY opened at $14.54 on Thursday. The business’s 50-day simple moving average is $16.18 and its 200-day simple moving average is $15.62. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00. The stock has a market capitalization of $11.79 billion, a P/E ratio of -3.81, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. On average, equities research analysts forecast 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.