Charles Schwab Investment Management Inc. Boosts Position in Mobileye Global Inc. (NASDAQ:MBLY)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 0.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,534,574 shares of the company’s stock after buying an additional 8,340 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.19% of Mobileye Global worth $30,569,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MBLY. Atria Investments Inc grew its stake in shares of Mobileye Global by 168.7% during the 3rd quarter. Atria Investments Inc now owns 26,860 shares of the company’s stock worth $368,000 after purchasing an additional 16,862 shares during the period. Entropy Technologies LP grew its stake in shares of Mobileye Global by 102.8% during the 3rd quarter. Entropy Technologies LP now owns 18,658 shares of the company’s stock worth $256,000 after purchasing an additional 9,459 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Mobileye Global during the 3rd quarter worth approximately $550,000. Impax Asset Management Group plc acquired a new stake in shares of Mobileye Global during the 3rd quarter worth approximately $871,000. Finally, BCGM Wealth Management LLC grew its stake in shares of Mobileye Global by 178.0% during the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock worth $2,611,000 after purchasing an additional 122,031 shares during the period. 13.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Loop Capital lifted their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Oppenheimer assumed coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, February 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Mobileye Global in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.95.

Mobileye Global Trading Up 3.5 %

Shares of MBLY opened at $14.97 on Monday. The firm has a market cap of $12.14 billion, a P/E ratio of -3.92, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The company’s 50-day moving average price is $16.47 and its 200 day moving average price is $15.62.

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%. Equities research analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

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.