Ossiam Takes $285,000 Position in Mobileye Global Inc. (NASDAQ:MBLY)

Ossiam bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,311 shares of the company’s stock, valued at approximately $285,000.

A number of other institutional investors have also recently bought and sold shares of MBLY. Norges Bank bought a new position in shares of Mobileye Global during the 4th quarter worth about $95,937,000. Primecap Management Co. CA lifted its stake in Mobileye Global by 2.3% during the fourth quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company’s stock worth $35,944,000 after purchasing an additional 40,000 shares during the period. Vanguard Group Inc. lifted its stake in Mobileye Global by 2.7% during the fourth quarter. Vanguard Group Inc. now owns 1,715,928 shares of the company’s stock worth $34,181,000 after purchasing an additional 45,756 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Mobileye Global by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,534,574 shares of the company’s stock valued at $30,569,000 after purchasing an additional 8,340 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Mobileye Global by 21.2% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,508,976 shares of the company’s stock valued at $32,745,000 after purchasing an additional 263,758 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Trading Up 2.4 %

Mobileye Global stock opened at $12.05 on Wednesday. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $33.26. The company’s 50-day moving average is $14.82 and its two-hundred day moving average is $15.84. The company has a market cap of $9.77 billion, a PE ratio of -3.15, a PEG ratio of 69.54 and a beta of 0.39.

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%. Research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on MBLY. Mizuho decreased their price target on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Oppenheimer began coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price on the stock. Barclays reiterated an “equal weight” rating and set a $14.00 target price (down previously from $22.00) on shares of Mobileye Global in a research report on Tuesday, April 15th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Mobileye Global in a research report on Wednesday, March 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mobileye Global from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.55.

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.