Symmetry Investments LP Makes New Investment in Mobileye Global Inc. (NASDAQ:MBLY)

Symmetry Investments LP purchased a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,097 shares of the company’s stock, valued at approximately $400,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Mobileye Global during the fourth quarter valued at approximately $95,937,000. Primecap Management Co. CA raised its position in shares of Mobileye Global by 2.3% in the 4th quarter. Primecap Management Co. CA now owns 1,804,400 shares of the company’s stock worth $35,944,000 after acquiring an additional 40,000 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Mobileye Global by 2.7% during the 4th 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 last quarter. Charles Schwab Investment Management Inc. grew its stake in Mobileye Global by 0.5% in 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 during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Mobileye Global by 21.2% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,508,976 shares of the company’s stock valued at $32,745,000 after buying an additional 263,758 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Performance

Mobileye Global stock opened at $12.05 on Wednesday. The company’s fifty day moving average price is $14.82 and its 200 day moving average price is $15.84. The stock has a market capitalization of $9.77 billion, a P/E ratio of -3.15, a P/E/G ratio of 69.54 and a beta of 0.39. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $33.26.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share 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%. Sell-side analysts predict that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Mizuho reduced their price target on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, January 31st. Robert W. Baird decreased their price objective on shares of Mobileye Global from $25.00 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Barclays restated an “equal weight” rating and set a $14.00 price target (down previously from $22.00) on shares of Mobileye Global in a research note on Tuesday, April 15th. BNP Paribas upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 target price for the company in a research note on Wednesday. Finally, Piper Sandler boosted their price target on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, March 20th. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $20.50.

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.