NewEdge Advisors LLC Has $562,000 Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

NewEdge Advisors LLC lifted its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 31.1% in the 4th quarter, Holdings Channel reports. The firm owned 28,209 shares of the company’s stock after buying an additional 6,694 shares during the quarter. NewEdge Advisors LLC’s holdings in Mobileye Global were worth $562,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MBLY. Norges Bank bought a new stake in Mobileye Global during the fourth quarter valued at about $95,937,000. Yiheng Capital Management L.P. bought a new stake in Mobileye Global during the fourth quarter valued at about $14,940,000. Raymond James Financial Inc. bought a new stake in Mobileye Global during the fourth quarter valued at about $13,786,000. Principal Financial Group Inc. bought a new stake in Mobileye Global during the fourth quarter valued at about $12,202,000. Finally, Alberta Investment Management Corp lifted its stake in shares of 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 period. 13.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays reaffirmed an “equal weight” rating and issued a $14.00 price target (down previously from $22.00) on shares of Mobileye Global in a report on Tuesday, April 15th. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and upped their target price for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Needham & Company LLC decreased their price target on shares of Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Thursday. Mizuho dropped their price objective on shares of Mobileye Global from $16.00 to $15.00 and set a “neutral” rating for the company in a research note on Friday. 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 report on Thursday, April 17th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.35.

Mobileye Global Stock Performance

Shares of MBLY opened at $15.14 on Monday. The firm has a market capitalization of $12.28 billion, a price-to-earnings ratio of -3.96, a PEG ratio of 69.54 and a beta of 0.39. The business’s fifty day moving average price is $14.58 and its two-hundred day moving average price is $15.91. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $33.26.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. The company had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. As a group, research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current 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.