Price T Rowe Associates Inc. MD Buys 13,600 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Price T Rowe Associates Inc. MD lifted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 61.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 35,802 shares of the company’s stock after buying an additional 13,600 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Mobileye Global were worth $714,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. ARK Investment Management LLC grew its stake in Mobileye Global by 89.4% during the fourth quarter. ARK Investment Management LLC now owns 141,812 shares of the company’s stock worth $2,825,000 after buying an additional 66,934 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in shares of Mobileye Global during the 4th quarter worth approximately $442,000. Yiheng Capital Management L.P. bought a new position in Mobileye Global in the fourth quarter valued at approximately $14,940,000. Slow Capital Inc. raised its position in Mobileye Global by 440.7% during the fourth quarter. Slow Capital Inc. now owns 246,314 shares of the company’s stock valued at $4,907,000 after purchasing an additional 200,757 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its stake in Mobileye Global by 27.0% during the fourth quarter. Atria Wealth Solutions Inc. now owns 15,507 shares of the company’s stock worth $309,000 after purchasing an additional 3,296 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Price Performance

Mobileye Global stock opened at $16.30 on Monday. The stock’s 50 day moving average is $14.32 and its 200 day moving average is $16.07. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $33.26. The firm has a market cap of $13.24 billion, a P/E ratio of -4.27, a P/E/G ratio of 69.54 and a beta of 0.38.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. During the same quarter in the previous year, the company earned ($0.07) EPS. The company’s revenue for the quarter was up 83.3% on a year-over-year basis. Equities analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MBLY shares. UBS Group decreased their price target on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, April 10th. Robert W. Baird raised their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, April 25th. The Goldman Sachs Group lowered their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, April 10th. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and raised their target price for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Mobileye Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $18.63.

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.