Steward Partners Investment Advisory LLC Raises Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Steward Partners Investment Advisory LLC raised its position in Mobileye Global Inc. (NASDAQ:MBLY) by 181.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,218 shares of the company’s stock after buying an additional 9,169 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Mobileye Global were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Parkside Financial Bank & Trust increased its holdings in shares of Mobileye Global by 147.4% in the fourth 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 increased its holdings in shares of Mobileye Global by 580.0% in the fourth 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 shares of Mobileye Global in the fourth quarter valued at approximately $30,000. Global Retirement Partners LLC increased its holdings in shares of Mobileye Global by 136.9% in the fourth 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, Quarry LP acquired a new position in shares of Mobileye Global in the third quarter valued at approximately $31,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MBLY. Barclays upped their price objective on Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Mizuho dropped their price objective on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. UBS Group upped their price objective on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a report on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.95.

Mobileye Global Stock Up 3.5 %

Shares of NASDAQ:MBLY opened at $14.97 on Friday. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The stock’s fifty day simple moving average is $16.47 and its 200-day simple moving average is $15.59. The company has a market capitalization of $12.14 billion, a P/E ratio of -3.92, a P/E/G ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. On average, sell-side analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current 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.