Retirement Planning Co of New England Inc. Sells 840 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Retirement Planning Co of New England Inc. cut its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 5.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,241 shares of the company’s stock after selling 840 shares during the quarter. Retirement Planning Co of New England Inc.’s holdings in Mobileye Global were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Primecap Management Co. CA grew its holdings in shares of Mobileye Global by 2.3% during the 4th quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company’s stock valued at $35,944,000 after purchasing an additional 40,000 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Mobileye Global by 273.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 51,028 shares of the company’s stock valued at $1,016,000 after purchasing an additional 37,353 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in shares of Mobileye Global during the 4th quarter valued at approximately $3,237,000. AlphaQuest LLC grew its holdings in shares of Mobileye Global by 107.9% during the 4th quarter. AlphaQuest LLC now owns 15,423 shares of the company’s stock valued at $307,000 after purchasing an additional 8,003 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Mobileye Global during the 4th quarter valued at approximately $13,786,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Stock Down 0.1 %

Mobileye Global stock opened at $14.96 on Tuesday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The firm’s fifty day moving average is $16.33 and its 200 day moving average is $15.63. The company has a market capitalization of $12.13 billion, a PE ratio of -3.92, a PEG ratio of 69.54 and a beta of 0.29.

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%. Sell-side analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on MBLY. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a report on Thursday, December 5th. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Oppenheimer initiated coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price on the stock. Finally, UBS Group lifted their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Two equities 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average 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.