Van ECK Associates Corp Grows Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Van ECK Associates Corp raised its position in Mobileye Global Inc. (NASDAQ:MBLY) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,274 shares of the company’s stock after acquiring an additional 5,597 shares during the quarter. Van ECK Associates Corp’s holdings in Mobileye Global were worth $424,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. 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 valued at $25,000 after buying an additional 1,061 shares in the last quarter. Versant Capital Management Inc boosted its position 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. FNY Investment Advisers LLC acquired a new position in shares of Mobileye Global during the 4th quarter worth approximately $30,000. Quarry LP purchased a new stake in shares of Mobileye Global during the third quarter worth about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Mobileye Global in the 4th quarter worth about $58,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Down 7.1 %

Mobileye Global stock opened at $16.51 on Friday. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $34.00. The business has a 50 day moving average price of $17.65 and a two-hundred day moving average price of $15.54. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of -4.32, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last released its quarterly 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, analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Loop Capital increased their target price on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group lowered their target price on shares of Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research report on Friday, January 31st. Finally, Mizuho lowered their target price on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $22.86.

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.