DAVENPORT & Co LLC Grows Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

DAVENPORT & Co LLC raised its stake in shares of Mobileye Global Inc. (NASDAQ:MBLYFree Report) by 2.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,956,339 shares of the company’s stock after acquiring an additional 38,667 shares during the period. DAVENPORT & Co LLC’s holdings in Mobileye Global were worth $85,109,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of MBLY. Norges Bank purchased a new position in shares of Mobileye Global during the 4th quarter valued at about $423,732,000. Price T Rowe Associates Inc. MD purchased a new position in shares of Mobileye Global during the 4th quarter valued at about $82,304,000. Marshall Wace LLP raised its stake in shares of Mobileye Global by 7,591.9% during the 2nd quarter. Marshall Wace LLP now owns 2,273,352 shares of the company’s stock valued at $87,342,000 after buying an additional 2,243,797 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new position in shares of Mobileye Global during the 4th quarter valued at about $77,203,000. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Mobileye Global during the 2nd quarter valued at about $48,228,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

MBLY has been the subject of several recent analyst reports. Raymond James cut their price target on Mobileye Global from $48.00 to $40.00 in a research note on Monday, January 22nd. TD Cowen cut their price target on Mobileye Global from $38.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Robert W. Baird cut their price target on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Mizuho cut their price target on Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Finally, Royal Bank of Canada cut their price objective on Mobileye Global from $45.00 to $39.00 and set an “outperform” rating for the company in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.43.

Get Our Latest Report on MBLY

Mobileye Global Stock Up 1.9 %

Shares of Mobileye Global stock traded up $0.61 on Tuesday, hitting $32.71. 2,570,028 shares of the company were exchanged, compared to its average volume of 5,174,962. The stock has a market capitalization of $26.37 billion, a price-to-earnings ratio of -817.55, a price-to-earnings-growth ratio of 15.86 and a beta of -0.22. The company has a 50-day moving average price of $27.72 and a 200 day moving average price of $34.48. Mobileye Global Inc. has a 1-year low of $23.49 and a 1-year high of $47.41.

Mobileye Global (NASDAQ:MBLYGet Free Report) last issued its earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Mobileye Global had a positive return on equity of 2.91% and a negative net margin of 1.30%. The business had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $637.53 million. During the same period in the previous year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. Research analysts forecast that Mobileye Global Inc. will post 0.12 EPS for the current year.

Insider Activity at Mobileye Global

In other Mobileye Global news, Director Patrick P. Gelsinger acquired 3,600 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were purchased at an average cost of $27.75 per share, for a total transaction of $99,900.00. Following the completion of the acquisition, the director now owns 129,095 shares of the company’s stock, valued at approximately $3,582,386.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.

Mobileye Global Company Profile

(Free Report)

Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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.

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Institutional Ownership by Quarter for Mobileye Global (NASDAQ:MBLY)

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