DAVENPORT & Co LLC Sells 363,402 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

DAVENPORT & Co LLC trimmed its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 14.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,202,279 shares of the company’s stock after selling 363,402 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.27% of Mobileye Global worth $44,009,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. grew its position in Mobileye Global by 140.2% during the 3rd 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 last quarter. Versant Capital Management Inc increased its stake 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 buying an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global in the fourth quarter valued at about $30,000. Quarry LP acquired a new position in Mobileye Global during the 3rd quarter worth about $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Mobileye Global during the 4th quarter worth about $58,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

MBLY has been the subject of a number of research analyst reports. Robert W. Baird boosted their target price 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. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 price objective on shares of Mobileye Global in a research report on Thursday, December 5th. Oppenheimer initiated coverage on Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price for the company. Barclays raised their price target on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Evercore ISI cut their target price on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.05.

Mobileye Global Trading Up 1.3 %

Mobileye Global stock opened at $16.52 on Friday. The company has a 50 day moving average of $17.77 and a 200-day moving average of $15.94. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $34.00.

Mobileye Global (NASDAQ:MBLY) last announced its earnings results 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 positive return on equity of 0.63% and a negative net margin of 164.13%. As a group, analysts anticipate that Mobileye Global Inc. will post -0.05 EPS 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.