Mobileye Global Inc. (NASDAQ:MBLY) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc grew its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,500 shares of the company’s stock after purchasing an additional 1,927 shares during the period. Impax Asset Management Group plc’s holdings in Mobileye Global were worth $1,305,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MBLY. The Manufacturers Life Insurance Company grew its holdings in shares of 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 worth $186,194,000 after acquiring an additional 4,517,217 shares during the period. Loomis Sayles & Co. L P grew its holdings in Mobileye Global by 85.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after buying an additional 768,169 shares during the last quarter. Charles Schwab Investment Management Inc. lifted 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 during the period. Geode Capital Management LLC lifted its stake 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 period. Finally, Principal Financial Group Inc. purchased a new position in shares of Mobileye Global during the 4th quarter worth $12,202,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $16.08 on Wednesday. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of -4.21, a price-to-earnings-growth ratio of 69.54 and a beta of 0.26. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00. The stock has a 50-day simple moving average of $17.53 and a 200 day simple moving average of $15.56.

Mobileye Global (NASDAQ:MBLY) last issued its 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 return on equity of 0.34% and a negative net margin of 186.82%. On average, equities research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MBLY shares. UBS Group increased their target price on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Canaccord Genuity Group cut their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Robert W. Baird raised their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Mobileye Global in a research report on Friday, January 31st. Finally, Oppenheimer initiated coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price for the company. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global has a consensus rating of “Hold” and a consensus target price of $22.95.

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.