Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC decreased its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 187,233 shares of the company’s stock after selling 14,502 shares during the quarter. Mobileye Global makes up 0.8% of Intellectus Partners LLC’s holdings, making the stock its 24th largest position. Intellectus Partners LLC’s holdings in Mobileye Global were worth $3,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MBLY. BCGM Wealth Management LLC grew its stake in shares of Mobileye Global by 178.0% during the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock worth $2,611,000 after purchasing an additional 122,031 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after buying an additional 957,565 shares in the last quarter. ARK Investment Management LLC grew its position in Mobileye Global by 89.4% during the fourth 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 period. Geode Capital Management LLC increased its holdings in Mobileye Global by 24.2% in the third 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 in the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of Mobileye Global in the third quarter worth about $2,598,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Stock Up 5.2 %

Shares of MBLY opened at $15.59 on Friday. The company has a market cap of $12.64 billion, a P/E ratio of -4.08, a PEG ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The firm’s 50 day moving average price is $17.10 and its 200 day moving average price is $15.58.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Research analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analyst Ratings Changes

MBLY has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a research report on Friday, January 31st. Loop Capital increased their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their target price on shares of Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Mizuho lowered 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. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.95.

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.