FIL Ltd Raises Position in Mobileye Global Inc. (NASDAQ:MBLY)

FIL Ltd raised its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,980,097 shares of the company’s stock after buying an additional 2,904 shares during the quarter. FIL Ltd’s holdings in Mobileye Global were worth $79,284,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MBLY. Parkside Financial Bank & Trust raised its holdings in shares of Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after buying an additional 737 shares in the last quarter. Global Retirement Partners LLC lifted 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 acquiring an additional 932 shares during the last quarter. Versant Capital Management Inc boosted its stake 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 valued at $26,000 after purchasing an additional 1,131 shares in the last quarter. Daymark Wealth Partners LLC grew its holdings in shares of Mobileye Global by 10.9% during the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after purchasing an additional 1,147 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Mobileye Global during the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on MBLY. Piper Sandler increased their target price on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. UBS Group raised their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. The Goldman Sachs Group boosted their price objective on shares of Mobileye Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. Mizuho dropped their target price on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Finally, Barclays raised their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $22.24.

Mobileye Global Price Performance

MBLY stock opened at $15.14 on Thursday. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $33.26. The firm’s 50-day moving average is $15.59 and its 200 day moving average is $15.90. The company has a market capitalization of $12.28 billion, a PE ratio of -3.96, a P/E/G ratio of 69.54 and a beta of 0.39.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data 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 return on equity of 0.34% and a negative net margin of 186.82%. Sell-side analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

About Mobileye Global

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.