Mobileye Global Inc. (NASDAQ:MBLY) Holdings Lifted by ARK Investment Management LLC

ARK Investment Management LLC increased its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 89.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 141,812 shares of the company’s stock after acquiring an additional 66,934 shares during the period. ARK Investment Management LLC’s holdings in Mobileye Global were worth $2,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Impax Asset Management Group plc increased its stake in Mobileye Global by 3.0% in the 4th quarter. Impax Asset Management Group plc now owns 65,500 shares of the company’s stock valued at $1,305,000 after buying an additional 1,927 shares during the period. RWC Asset Management LLP acquired a new position in shares of Mobileye Global in the fourth quarter worth $728,000. BCGM Wealth Management LLC raised its holdings in shares of Mobileye Global by 4.9% during the fourth quarter. BCGM Wealth Management LLC now owns 199,958 shares of the company’s stock worth $3,983,000 after acquiring an additional 9,363 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in Mobileye Global during the fourth quarter valued at $442,000. Finally, Alberta Investment Management Corp grew 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 purchasing an additional 511,840 shares in the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Trading Up 2.1 %

Shares of MBLY stock opened at $16.42 on Thursday. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $34.00. The firm’s fifty day simple moving average is $17.52 and its 200 day simple moving average is $15.56. The firm has a market capitalization of $13.32 billion, a P/E ratio of -4.30, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last posted 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 return on equity of 0.34% and a negative net margin of 186.82%. Equities research analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

MBLY has been the subject of a number of recent research reports. TD Cowen raised their price target on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their price objective on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday. Oppenheimer began coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price for the company. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Finally, Loop Capital upped 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 issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.95.

About Mobileye Global

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.