45,221 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Purchased by Miller Wealth Advisors LLC

Miller Wealth Advisors LLC purchased a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 45,221 shares of the company’s stock, valued at approximately $901,000. Mobileye Global accounts for approximately 0.5% of Miller Wealth Advisors LLC’s investment portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Raymond James & Associates boosted its holdings in shares of Mobileye Global by 81.3% during the third quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock worth $8,355,000 after acquiring an additional 273,424 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Mobileye Global during the third quarter worth approximately $402,000. Avitas Wealth Management LLC bought a new stake in shares of Mobileye Global during the third quarter worth approximately $137,000. Ayalon Insurance Comp Ltd. boosted its holdings in shares of Mobileye Global by 24.2% during the third quarter. Ayalon Insurance Comp Ltd. now owns 85,057 shares of the company’s stock worth $1,165,000 after acquiring an additional 16,565 shares during the period. Finally, Focus Financial Network Inc. boosted its holdings in shares of Mobileye Global by 41.1% during the third quarter. Focus Financial Network Inc. now owns 12,314 shares of the company’s stock worth $169,000 after acquiring an additional 3,584 shares during the period. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $16.42 on Thursday. The company has a fifty day moving average of $17.52 and a 200-day moving average of $15.56. The company has a market capitalization of $13.32 billion, a PE ratio of -4.30, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results 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 return on equity of 0.34% and a negative net margin of 186.82%. On average, equities analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MBLY has been the subject of a number of research analyst reports. UBS Group boosted their price objective on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a report on Thursday, January 16th. Robert W. Baird boosted their price objective on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Mobileye Global in a research report on Friday, January 31st. TD Cowen lifted their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Mizuho dropped their price target on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $22.95.

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.