Mitsubishi UFJ Asset Management Co. Ltd. Buys 263,758 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Mobileye Global Inc. (NASDAQ:MBLY) by 21.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 1,508,976 shares of the company’s stock after buying an additional 263,758 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.19% of Mobileye Global worth $32,745,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in MBLY. Parkside Financial Bank & Trust boosted its holdings in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after acquiring an additional 737 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Mobileye Global by 580.0% in 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 last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global during the 4th quarter worth approximately $30,000. Global Retirement Partners LLC raised its stake in shares of Mobileye Global by 136.9% during the fourth 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. Finally, Quarry LP acquired a new position in Mobileye Global in the third quarter valued at approximately $31,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Trading Down 4.1 %

Mobileye Global stock opened at $15.11 on Friday. The company has a fifty day simple moving average of $16.06 and a 200 day simple moving average of $15.76. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $34.00. The company has a market cap of $12.25 billion, a P/E ratio of -3.96, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. On average, equities research analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on MBLY. Loop Capital upped their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group increased their target price on Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $12.00 to $19.00 in a research report on Monday, February 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $11.00 price target on shares of Mobileye Global in a research note on Thursday, December 5th. Finally, Piper Sandler lifted their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Mobileye Global currently has an average rating of “Hold” and a consensus price target of $22.24.

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.