Primecap Management Co. CA Grows Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Primecap Management Co. CA boosted its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,804,400 shares of the company’s stock after acquiring an additional 40,000 shares during the period. Primecap Management Co. CA owned 0.22% of Mobileye Global worth $35,944,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Parkside Financial Bank & Trust raised its position in 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 period. Global Retirement Partners LLC raised its position in Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after acquiring an additional 932 shares during the period. Versant Capital Management Inc raised its position in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares during the period. Daymark Wealth Partners LLC raised its position in Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock worth $233,000 after acquiring an additional 1,147 shares during the period. Finally, FNY Investment Advisers LLC bought a new stake in Mobileye Global in the fourth quarter worth about $30,000. Institutional investors own 13.25% of the company’s stock.

Analysts Set New Price Targets

MBLY has been the topic of several research reports. Mizuho lowered their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. The Goldman Sachs Group boosted their price target 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. Barclays boosted their price target on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Oppenheimer initiated coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $22.95.

Mobileye Global Price Performance

MBLY stock opened at $14.44 on Wednesday. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00. The stock has a market cap of $11.71 billion, a PE ratio of -3.78, a P/E/G ratio of 69.54 and a beta of 0.29. The firm has a 50 day simple moving average of $16.23 and a two-hundred day simple moving average of $15.63.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings data 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%. On average, research analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

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.