Birch Hill Investment Advisors LLC Reduces Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Birch Hill Investment Advisors LLC reduced its position in Mobileye Global Inc. (NASDAQ:MBLY) by 23.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 453,633 shares of the company’s stock after selling 135,120 shares during the period. Birch Hill Investment Advisors LLC owned approximately 0.06% of Mobileye Global worth $9,036,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. raised its stake in Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after acquiring an additional 1,061 shares during the period. Versant Capital Management Inc increased its position in shares of Mobileye Global by 580.0% during the 4th 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 bought a new stake in Mobileye Global in the fourth quarter worth about $30,000. Quarry LP acquired a new stake in shares of Mobileye Global during the 3rd quarter valued at $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Mobileye Global in the 4th quarter worth $58,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MBLY shares. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a research report on Thursday, December 5th. Barclays boosted their price target on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research report on Friday, January 31st. Mizuho decreased their target price on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Finally, TD Cowen raised their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $23.05.

Mobileye Global Trading Down 2.4 %

NASDAQ:MBLY opened at $16.07 on Friday. The firm has a 50-day moving average price of $17.58 and a two-hundred day moving average price of $15.63. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $34.00.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results 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 return on equity of 0.33% and a negative net margin of 186.82%. Equities analysts forecast 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.