Atria Wealth Solutions Inc. Raises Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Atria Wealth Solutions Inc. lifted its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 27.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 15,507 shares of the company’s stock after purchasing an additional 3,296 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Mobileye Global were worth $309,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the company. Rakuten Securities Inc. boosted its holdings in Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after acquiring an additional 1,061 shares during the period. Versant Capital Management Inc boosted its holdings in Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares during the period. Daymark Wealth Partners LLC boosted its holdings in Mobileye Global by 10.9% in the 4th quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock worth $233,000 after acquiring an additional 1,147 shares during the period. FNY Investment Advisers LLC purchased a new position in Mobileye Global in the 4th quarter worth approximately $30,000. Finally, Tidal Investments LLC boosted its holdings in Mobileye Global by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after acquiring an additional 1,617 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Down 2.4 %

Shares of NASDAQ MBLY opened at $15.76 on Friday. The stock has a market capitalization of $12.78 billion, a P/E ratio of -4.13, a P/E/G ratio of 69.54 and a beta of 0.26. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The firm’s 50-day moving average price is $17.45 and its two-hundred day moving average price is $15.57.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results 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%. As a group, equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on MBLY shares. Loop Capital upped their price target on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group upped their price target on Mobileye Global from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Mizuho decreased their price target on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group cut their target price on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.95.

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.