TCW Group Inc. Decreases Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

TCW Group Inc. decreased its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 393,788 shares of the company’s stock after selling 18,863 shares during the period. TCW Group Inc.’s holdings in Mobileye Global were worth $7,844,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake 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 acquiring an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Mobileye Global in the fourth quarter valued at about $30,000. Global Retirement Partners LLC grew its stake in Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares in the last quarter. Rakuten Securities Inc. increased its holdings in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Quarry LP acquired a new position in shares of Mobileye Global in the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MBLY. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Mizuho decreased their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, January 31st. The Goldman Sachs Group cut their target price on shares of Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Loop Capital lifted their price target on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.86.

Mobileye Global Trading Down 7.1 %

NASDAQ MBLY opened at $16.51 on Monday. The company has a 50-day moving average price of $17.65 and a two-hundred day moving average price of $15.55. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $34.00. The stock has a market cap of $13.39 billion, a price-to-earnings ratio of -4.32, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 30th. The company reported $0.04 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 0.34%. As a group, equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share 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.