Mitsubishi UFJ Asset Management Co. Ltd. Acquires 263,758 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 21.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,508,976 shares of the company’s stock after acquiring an additional 263,758 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Mobileye Global were worth $32,745,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

MBLY has been the topic of several research reports. Bank of America raised Mobileye Global from an “underperform” rating to a “neutral” rating and upped their target price for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Barclays lifted their target price on Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Royal Bank of Canada restated a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Finally, UBS Group lifted their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the stock 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 issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Mobileye Global currently has a consensus rating of “Hold” and a consensus target price of $22.24.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $15.11 on Friday. The company’s 50 day moving average price is $16.06 and its two-hundred day moving average price is $15.76. The firm has a market capitalization of $12.25 billion, a P/E ratio of -3.96, a P/E/G ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00.

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

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.