Mobileye Global Inc. (NASDAQ:MBLY) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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.’s holdings in Mobileye Global were worth $30,569,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after purchasing an additional 4,517,217 shares in the last quarter. Loomis Sayles & Co. L P lifted its stake in Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after buying an additional 768,169 shares during the last quarter. Geode Capital Management LLC lifted its stake in Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after buying an additional 279,082 shares during the last quarter. Principal Financial Group Inc. purchased a new stake in Mobileye Global in the fourth quarter valued at approximately $12,202,000. Finally, Alberta Investment Management Corp lifted its stake in Mobileye Global by 932.4% in the fourth quarter. Alberta Investment Management Corp now owns 566,737 shares of the company’s stock valued at $11,289,000 after buying an additional 511,840 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Loop Capital increased their price objective on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on Mobileye Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Monday, February 24th. Finally, Mizuho cut their price objective on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $22.95.

Mobileye Global Price Performance

NASDAQ MBLY opened at $14.97 on Monday. The business’s 50-day simple moving average is $16.47 and its 200-day simple moving average is $15.62. The firm 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 Inc. has a 1-year low of $10.48 and a 1-year high of $34.00.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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%. On average, 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.