Headlands Technologies LLC Buys New Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Headlands Technologies LLC purchased a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 106,642 shares of the company’s stock, valued at approximately $2,124,000.

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

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $14.49 on Wednesday. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The company has a market capitalization of $11.75 billion, a P/E ratio of -3.79, a P/E/G ratio of 69.54 and a beta of 0.29. The company has a fifty day moving average of $15.99 and a 200 day moving average of $15.85.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (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 forecast that Mobileye Global Inc. will post 0.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Wednesday, March 26th. Piper Sandler upped their target price on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Oppenheimer began coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target for the company. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Finally, UBS Group boosted their target price on Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.24.

Mobileye Global 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.