Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in Mobileye Global Inc. (NASDAQ:MBLY) by 57.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 163,261 shares of the company’s stock after selling 216,539 shares during the quarter. Federated Hermes Inc.’s holdings in Mobileye Global were worth $3,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MBLY. Headlands Technologies LLC purchased a new position in shares of Mobileye Global during the 4th quarter worth approximately $2,124,000. Allianz SE purchased a new position in Mobileye Global in the fourth quarter worth $43,000. New Age Alpha Advisors LLC acquired a new stake in Mobileye Global in the fourth quarter valued at $996,000. Norges Bank purchased a new stake in shares of Mobileye Global during the 4th quarter worth $95,937,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Mobileye Global by 21.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,508,976 shares of the company’s stock worth $32,745,000 after purchasing an additional 263,758 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on MBLY shares. Loop Capital boosted their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Oppenheimer initiated coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price target on the stock. Barclays raised their price objective on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Mobileye Global in a research note on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Mobileye Global Stock Down 1.9 %

MBLY stock opened at $12.95 on Friday. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of -3.39, a price-to-earnings-growth ratio of 69.54 and a beta of 0.39. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $33.26. The stock’s fifty day simple moving average is $15.47 and its 200-day simple moving average is $15.90.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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, analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

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.