AlphaQuest LLC Acquires 8,003 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

AlphaQuest LLC raised its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 107.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,423 shares of the company’s stock after purchasing an additional 8,003 shares during the period. AlphaQuest LLC’s holdings in Mobileye Global were worth $307,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Parkside Financial Bank & Trust raised its holdings in Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after acquiring an additional 737 shares during the period. Versant Capital Management Inc grew its position in shares of Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Mobileye Global during the 4th quarter valued at $30,000. Quarry LP purchased a new stake in Mobileye Global during the 3rd quarter worth about $31,000. Finally, Global Retirement Partners LLC boosted its stake in Mobileye Global by 136.9% in the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after purchasing an additional 932 shares during the period. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on MBLY. UBS Group raised their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Mobileye Global in a research report on Friday, January 31st. Loop Capital increased their price objective on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, 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. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and a consensus target price of $22.95.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $14.97 on Friday. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $34.00. The stock’s 50-day moving average is $16.47 and its 200 day moving average is $15.59. The company has a market cap of $12.14 billion, a PE ratio of -3.92, a P/E/G ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results 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%. Analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current fiscal 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.