Van ECK Associates Corp Has $424,000 Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Van ECK Associates Corp grew its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 35.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,274 shares of the company’s stock after acquiring an additional 5,597 shares during the period. Van ECK Associates Corp’s holdings in Mobileye Global were worth $424,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of MBLY. Versant Capital Management Inc boosted its holdings in shares of Mobileye Global by 580.0% during the fourth 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. FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global during the fourth quarter worth $30,000. Rakuten Securities Inc. grew its stake 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 worth $25,000 after purchasing an additional 1,061 shares during the last quarter. Quarry LP bought a new stake in shares of Mobileye Global in the third quarter worth $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Mobileye Global during the fourth quarter valued at $58,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Down 7.1 %

MBLY stock opened at $16.51 on Friday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The firm’s 50-day moving average price is $17.65 and its two-hundred day moving average price is $15.54. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of -4.32, a PEG ratio of 69.54 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data 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 return on equity of 0.34% and a negative net margin of 186.82%. Equities analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MBLY. Canaccord Genuity Group dropped their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Barclays raised their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a research note on Friday, January 31st. UBS Group boosted their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Finally, Loop Capital lifted their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock 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.