Jones Financial Companies Lllp Purchases 2,873 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Jones Financial Companies Lllp boosted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 1,795.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,033 shares of the company’s stock after buying an additional 2,873 shares during the period. Jones Financial Companies Lllp’s holdings in Mobileye Global were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings in shares of 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 last quarter. Versant Capital Management Inc grew its position in shares of 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 acquiring an additional 1,131 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global during the 4th quarter valued at about $30,000. Quarry LP acquired a new stake in Mobileye Global in the 3rd quarter worth about $31,000. Finally, Global Retirement Partners LLC boosted its holdings in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after buying an additional 932 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

MBLY has been the topic of a number of research reports. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $12.00 to $19.00 in a research note on Monday, February 10th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a report on Friday, January 31st. Barclays lifted their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. UBS Group boosted their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, Loop Capital boosted their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and an average price target of $22.95.

Mobileye Global Trading Down 0.1 %

Shares of MBLY stock opened at $14.96 on Tuesday. The company’s fifty day simple moving average is $16.33 and its 200-day simple moving average is $15.63. The company has a market cap of $12.13 billion, a PE ratio of -3.92, a P/E/G ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $34.00.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities research analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Mobileye Global Company 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.