Alberta Investment Management Corp Grows Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Alberta Investment Management Corp boosted its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 932.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 566,737 shares of the company’s stock after buying an additional 511,840 shares during the quarter. Alberta Investment Management Corp owned approximately 0.07% of Mobileye Global worth $11,289,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. increased its holdings in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after acquiring an additional 1,061 shares during the last quarter. Versant Capital Management Inc boosted its holdings in 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 in the last quarter. FNY Investment Advisers LLC purchased a new position in Mobileye Global in the fourth quarter valued at approximately $30,000. Quarry LP acquired a new stake in Mobileye Global during the third quarter worth approximately $31,000. Finally, Global Retirement Partners LLC lifted 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 worth $32,000 after buying an additional 932 shares during the last quarter. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Trading Down 3.9 %

Shares of MBLY stock opened at $18.16 on Thursday. The stock has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $15.52. The company has a market cap of $14.73 billion, a price-to-earnings ratio of -4.75, a price-to-earnings-growth ratio of 70.32 and a beta of 0.26. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00.

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

Analyst Ratings Changes

Several equities research analysts recently commented on MBLY shares. Robert W. Baird lifted their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a report on Friday, January 31st. The Goldman Sachs Group dropped their price target on Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, January 31st. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Finally, Oppenheimer started coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global has an average rating of “Hold” and an average price target of $22.86.

Mobileye Global Company 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.