Birch Hill Investment Advisors LLC Sells 135,120 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Birch Hill Investment Advisors LLC lowered its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 23.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 453,633 shares of the company’s stock after selling 135,120 shares during the quarter. Birch Hill Investment Advisors LLC’s holdings in Mobileye Global were worth $9,036,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its stake in shares of Mobileye Global by 49.8% in the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after purchasing an additional 4,517,217 shares during the last quarter. Loomis Sayles & Co. L P grew its position in shares of Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock worth $22,856,000 after buying an additional 768,169 shares during the period. Charles Schwab Investment Management Inc. lifted its position in 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 valued at $20,909,000 after acquiring an additional 957,565 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after purchasing an additional 279,082 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Mobileye Global by 81.3% in the 3rd quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock worth $8,355,000 after buying an additional 273,424 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Oppenheimer initiated coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research report on Friday, January 31st. UBS Group raised their price target on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Robert W. Baird raised their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Loop Capital lifted their price objective on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Mobileye Global has a consensus rating of “Hold” and an average price target of $23.05.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $16.07 on Friday. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The stock’s fifty day moving average is $17.58 and its 200 day moving average is $15.63.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.08). Mobileye Global had a negative return on equity of 0.33% and a negative net margin of 186.82%. As a group, equities analysts predict that Mobileye Global Inc. will post 0.03 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.