Country Club Bank Cuts Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Country Club Bank reduced its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 46.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 153,279 shares of the company’s stock after selling 135,588 shares during the period. Country Club Bank’s holdings in Mobileye Global were worth $3,076,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Rakuten Securities Inc. boosted its position in shares of Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after buying an additional 1,061 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares during the last quarter. Daymark Wealth Partners LLC boosted its position in shares of Mobileye Global by 10.9% during the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after buying an additional 1,147 shares during the last quarter. Guinness Atkinson Asset Management Inc boosted its position in shares of Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after buying an additional 1,257 shares during the last quarter. Finally, FNY Investment Advisers LLC bought a new position in Mobileye Global in the fourth quarter valued at about $30,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. The Goldman Sachs Group lowered their target price on Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Mizuho lowered their target price on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Canaccord Genuity Group lowered their target price on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Evercore ISI lowered their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average price target of $23.05.

Mobileye Global Trading Down 0.7 %

Shares of MBLY opened at $15.92 on Wednesday. The business’s 50 day moving average is $17.68 and its 200 day moving average is $15.73. The company has a market capitalization of $12.91 billion, a PE ratio of -4.17, a price-to-earnings-growth ratio of 11.32 and a beta of 0.26. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (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 0.33%. Equities research analysts predict that Mobileye Global Inc. will post 0.21 earnings per share for the current year.

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.