TrueMark Investments LLC Lowers Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

TrueMark Investments LLC decreased its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 7.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,206 shares of the company’s stock after selling 3,407 shares during the period. TrueMark Investments LLC’s holdings in Mobileye Global were worth $821,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its holdings in shares of Mobileye Global by 147.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after buying an additional 737 shares in the last quarter. Versant Capital Management Inc grew its position in Mobileye Global by 580.0% during the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Mobileye Global during the 4th quarter valued at about $30,000. Quarry LP acquired a new position in shares of Mobileye Global in the 3rd quarter valued at about $31,000. Finally, Global Retirement Partners LLC boosted its stake in shares of 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 buying an additional 932 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Up 8.7 %

Shares of MBLY opened at $16.58 on Wednesday. The company’s 50 day simple moving average is $16.11 and its 200-day simple moving average is $15.69. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The firm has a market cap of $13.45 billion, a PE ratio of -4.34, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.04 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%. As a group, equities research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Mizuho lowered 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. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a report on Friday, January 31st. UBS Group upped their target price on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, January 16th. Finally, Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $22.24.

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.