Mobileye Global Inc. (NASDAQ:MBLY) Shares Purchased by Alberta Investment Management Corp

Alberta Investment Management Corp grew its position in Mobileye Global Inc. (NASDAQ:MBLY) by 932.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 566,737 shares of the company’s stock after purchasing an additional 511,840 shares during the period. Alberta Investment Management Corp’s holdings in Mobileye Global were worth $11,289,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MBLY. The Manufacturers Life Insurance Company grew its stake in Mobileye Global by 49.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after acquiring an additional 4,517,217 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after purchasing an additional 768,169 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after purchasing an additional 957,565 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Mobileye Global by 24.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after purchasing an additional 279,082 shares during the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in Mobileye Global in the 4th quarter valued at approximately $12,202,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MBLY shares. Loop Capital raised their price target on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Friday, January 31st. The Goldman Sachs Group decreased their price target 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. TD Cowen lifted their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Mizuho reduced their price objective on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.86.

Mobileye Global Stock Down 3.9 %

MBLY opened at $18.16 on Thursday. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The company has a 50 day moving average of $17.67 and a two-hundred day moving average of $15.52. The company has a market cap of $14.73 billion, a P/E ratio of -4.75, a P/E/G ratio of 70.32 and a beta of 0.26.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data 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%. Research analysts anticipate that Mobileye Global Inc. will post 0.01 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.