750,000 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Bought by Yiheng Capital Management L.P.

Yiheng Capital Management L.P. purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 750,000 shares of the company’s stock, valued at approximately $14,940,000. Mobileye Global comprises about 0.6% of Yiheng Capital Management L.P.’s portfolio, making the stock its 9th largest holding. Yiheng Capital Management L.P. owned approximately 0.09% of Mobileye Global as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust increased its holdings in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after purchasing an additional 737 shares during the last quarter. Versant Capital Management Inc increased its stake in Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after acquiring an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of Mobileye Global during the 4th quarter worth approximately $30,000. Global Retirement Partners LLC boosted its position in shares of 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 acquiring an additional 932 shares during the last quarter. Finally, Quarry LP purchased a new position in shares of Mobileye Global in the third quarter valued at $31,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MBLY. Barclays increased their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Piper Sandler lifted their price target on Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Loop Capital lifted their target price on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Mizuho decreased their price target on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $22.24.

Mobileye Global Stock Performance

NASDAQ MBLY opened at $14.24 on Friday. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of -3.73, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The company’s 50-day simple moving average is $16.13 and its two-hundred day simple moving average is $15.61.

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