Migdal Insurance & Financial Holdings Ltd. Raises Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Migdal Insurance & Financial Holdings Ltd. raised its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 2,124.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 167,084 shares of the company’s stock after purchasing an additional 159,572 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Mobileye Global were worth $3,328,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rakuten Securities Inc. grew 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 worth $25,000 after acquiring an additional 1,061 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after acquiring an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global in the fourth quarter valued at $30,000. Quarry LP acquired a new position in Mobileye Global in the 3rd quarter worth about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mobileye Global during the 4th quarter valued at about $58,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

Shares of MBLY stock opened at $16.46 on Friday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The firm’s 50 day moving average is $17.62 and its 200 day moving average is $15.74.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.33% and a negative net margin of 186.82%. On average, analysts predict that Mobileye Global Inc. will post 0.21 earnings per share for the current year.

Analyst Ratings Changes

MBLY has been the topic of a number of research reports. The Goldman Sachs Group cut their price target on Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, January 31st. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a research report on Thursday, December 5th. Loop Capital upped their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Oppenheimer started coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price for the company. Finally, Evercore ISI cut their price target on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, ten have assigned 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, the company currently has a consensus rating of “Hold” and an average price target of $23.05.

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.