West Tower Group LLC Acquires New Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

West Tower Group LLC acquired a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 15,000 shares of the company’s stock, valued at approximately $299,000.

A number of other institutional investors have also made changes to their positions in MBLY. Charles Schwab Investment Management Inc. grew its holdings in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after buying an additional 957,565 shares during the last quarter. ARK Investment Management LLC grew its holdings in Mobileye Global by 89.4% in the 4th quarter. ARK Investment Management LLC now owns 141,812 shares of the company’s stock valued at $2,825,000 after buying an additional 66,934 shares during the last quarter. Geode Capital Management LLC grew its holdings in Mobileye Global by 24.2% in the 3rd 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. Paloma Partners Management Co acquired a new stake in Mobileye Global in the 3rd quarter valued at approximately $2,598,000. Finally, Versant Capital Management Inc grew its holdings in Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Mizuho decreased their price objective on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. The Goldman Sachs Group lifted their price objective on Mobileye Global from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, February 24th. Loop Capital lifted their price objective on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.95.

Mobileye Global Stock Performance

Shares of MBLY opened at $14.44 on Wednesday. The stock has a fifty day moving average price of $16.23 and a two-hundred day moving average price of $15.63. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The company has a market cap of $11.71 billion, a price-to-earnings ratio of -3.78, a PEG ratio of 69.54 and a beta of 0.29.

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

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.