Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its position in Mobileye Global Inc. (NASDAQ:MBLY) by 4.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,620 shares of the company’s stock after selling 1,319 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Mobileye Global were worth $533,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its stake 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 bought a new position in shares of Mobileye Global in the fourth quarter valued at approximately $30,000. Rakuten Securities Inc. boosted its holdings in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after acquiring an additional 1,061 shares in the last quarter. Quarry LP bought a new position in shares of Mobileye Global in the third quarter valued at approximately $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Mobileye Global in the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Down 2.7 %

MBLY stock opened at $16.72 on Thursday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The company has a market cap of $13.56 billion, a price-to-earnings ratio of -4.38, a PEG ratio of 20.12 and a beta of 0.26. The company has a 50 day moving average of $17.57 and a two-hundred day moving average of $15.54.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.33% and a negative net margin of 186.82%. On average, research analysts anticipate that Mobileye Global Inc. will post 0.03 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on MBLY. Robert W. Baird increased their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Barclays increased their price objective 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. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a report on Friday, January 31st. Finally, Bank of America upgraded 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 report on Monday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $22.86.

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.