Mobileye Global Inc. (NASDAQ:MBLY) Shares Acquired by NewEdge Advisors LLC

NewEdge Advisors LLC increased its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 31.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,209 shares of the company’s stock after buying an additional 6,694 shares during the period. NewEdge Advisors LLC’s holdings in Mobileye Global were worth $562,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Parkside Financial Bank & Trust boosted its stake in 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 purchasing an additional 737 shares during the period. Versant Capital Management Inc boosted its stake in Mobileye Global by 580.0% during 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 during the period. FNY Investment Advisers LLC acquired a new position in Mobileye Global during the 4th quarter valued at about $30,000. Global Retirement Partners LLC boosted its stake in 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 purchasing an additional 932 shares during the period. Finally, Allianz SE acquired a new position in Mobileye Global during the 4th quarter valued at about $43,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $19.00 in a research note on Monday, February 10th. TD Cowen increased their price objective on shares of Mobileye Global from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group cut their target price on Mobileye Global from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. UBS Group decreased their price target on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Finally, Barclays reaffirmed an “equal weight” rating and set a $14.00 price target (down from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mobileye Global has a consensus rating of “Hold” and a consensus target price of $20.35.

Mobileye Global Stock Up 4.4 %

MBLY opened at $15.14 on Monday. The stock has a fifty day moving average of $14.58 and a 200-day moving average of $15.91. The firm has a market capitalization of $12.28 billion, a P/E ratio of -3.96, a PEG ratio of 69.54 and a beta of 0.39. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $33.26.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $438.00 million during the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. On average, analysts expect that Mobileye Global Inc. will post 0.01 earnings per share 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.