349,600 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Acquired by Talos Asset Management LP

Talos Asset Management LP acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 349,600 shares of the company’s stock, valued at approximately $6,964,000. Mobileye Global accounts for 1.6% of Talos Asset Management LP’s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors also recently bought and sold shares of MBLY. Atria Investments Inc increased its holdings in 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. GSA Capital Partners LLP purchased a new position in Mobileye Global during the 3rd quarter worth $550,000. Quest Partners LLC purchased a new position in Mobileye Global during the 3rd quarter worth $102,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Mobileye Global during the 3rd quarter worth $1,405,000. Finally, Advisors Asset Management Inc. increased its holdings in Mobileye Global by 63.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 15,009 shares of the company’s stock worth $206,000 after purchasing an additional 5,819 shares during the period. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on MBLY shares. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $19.00 in a report on Monday, February 10th. Barclays lifted their price target on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, February 24th. Mizuho cut their price target on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Finally, Loop Capital lifted their price target on Mobileye Global from $20.00 to $23.00 and gave the company 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 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 0.7 %

NASDAQ MBLY opened at $14.54 on Thursday. The stock has a market capitalization of $11.79 billion, a price-to-earnings ratio of -3.81, a PEG ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $34.00. The stock has a 50-day moving average of $16.18 and a 200 day moving average of $15.62.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results 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 fiscal 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.