Commonwealth Equity Services LLC Acquires 37,353 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Commonwealth Equity Services LLC boosted its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 273.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 51,028 shares of the company’s stock after purchasing an additional 37,353 shares during the period. Commonwealth Equity Services LLC’s holdings in Mobileye Global were worth $1,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its stake in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares during the last quarter. Global Retirement Partners LLC grew its position in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after purchasing an additional 932 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the period. Daymark Wealth Partners LLC raised its position in shares of Mobileye Global by 10.9% during the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after buying an additional 1,147 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global in the fourth quarter valued at about $30,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $14.40 on Tuesday. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $34.00. The stock has a market capitalization of $11.68 billion, a PE ratio of -3.77, a PEG ratio of 69.54 and a beta of 0.29. The stock’s fifty day moving average is $16.03 and its 200-day moving average is $15.82.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.04 earnings per share 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, analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler upped their price target on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Loop Capital upped their target price on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. The Goldman Sachs Group lifted their price target on shares of Mobileye Global from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Monday, February 24th. UBS Group increased their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Finally, Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Two 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.24.

Mobileye Global Company 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.