DAVENPORT & Co LLC Has $85.11 Million Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

DAVENPORT & Co LLC increased its stake in shares of Mobileye Global Inc. (NASDAQ:MBLYFree Report) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,956,339 shares of the company’s stock after buying an additional 38,667 shares during the period. DAVENPORT & Co LLC owned 0.24% of Mobileye Global worth $85,109,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC acquired a new position in Mobileye Global during the 4th quarter valued at about $1,484,000. Ayalon Insurance Comp Ltd. lifted its position in Mobileye Global by 1.8% during the 4th quarter. Ayalon Insurance Comp Ltd. now owns 71,947 shares of the company’s stock valued at $3,117,000 after purchasing an additional 1,246 shares during the period. TrueMark Investments LLC acquired a new position in Mobileye Global during the 4th quarter valued at about $1,662,000. Long Run Wealth Advisors LLC acquired a new position in Mobileye Global during the 4th quarter valued at about $2,524,000. Finally, Renaissance Capital LLC lifted its position in Mobileye Global by 26.5% during the 4th quarter. Renaissance Capital LLC now owns 54,831 shares of the company’s stock valued at $2,375,000 after purchasing an additional 11,472 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

Insider Activity

In related news, Director Patrick P. Gelsinger acquired 3,600 shares of the business’s stock in a transaction dated Monday, January 29th. The stock was bought at an average price of $27.75 per share, with a total value of $99,900.00. Following the acquisition, the director now owns 129,095 shares in the company, valued at approximately $3,582,386.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have issued reports on MBLY shares. Royal Bank of Canada cut their target price on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating on the stock in a research report on Friday, January 26th. Piper Sandler initiated coverage on Mobileye Global in a research note on Friday, March 15th. They issued a “neutral” rating and a $31.00 price target for the company. Mizuho lowered their price target on Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Barclays lowered their price target on Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Mobileye Global in a research note on Thursday, January 4th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Mobileye Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.43.

Check Out Our Latest Stock Analysis on MBLY

Mobileye Global Price Performance

Shares of MBLY traded up $0.61 during mid-day trading on Tuesday, hitting $32.71. 2,570,028 shares of the company’s stock were exchanged, compared to its average volume of 5,174,962. The company has a market cap of $26.37 billion, a PE ratio of -817.55, a P/E/G ratio of 15.86 and a beta of -0.22. Mobileye Global Inc. has a 52 week low of $23.49 and a 52 week high of $47.41. The company has a 50-day simple moving average of $27.72 and a 200 day simple moving average of $34.48.

Mobileye Global (NASDAQ:MBLYGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $637.00 million during the quarter, compared to analysts’ expectations of $637.53 million. Mobileye Global had a negative net margin of 1.30% and a positive return on equity of 2.91%. The business’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. On average, analysts anticipate that Mobileye Global Inc. will post 0.12 earnings per share for the current year.

Mobileye Global Profile

(Free Report)

Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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.

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Institutional Ownership by Quarter for Mobileye Global (NASDAQ:MBLY)

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