Mobileye Global Inc. (NASDAQ:MBLY) Shares Bought by Impax Asset Management Group plc

Impax Asset Management Group plc grew its position in Mobileye Global Inc. (NASDAQ:MBLY) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,500 shares of the company’s stock after acquiring an additional 1,927 shares during the quarter. Impax Asset Management Group plc’s holdings in Mobileye Global were worth $1,305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MBLY. The Manufacturers Life Insurance Company lifted its position in Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after buying an additional 4,517,217 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after purchasing an additional 957,565 shares during the period. Loomis Sayles & Co. L P raised its position in Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after purchasing an additional 768,169 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Mobileye Global in the fourth quarter valued at $12,202,000. Finally, Alberta Investment Management Corp grew its stake in shares of Mobileye Global by 932.4% in the fourth quarter. Alberta Investment Management Corp now owns 566,737 shares of the company’s stock valued at $11,289,000 after buying an additional 511,840 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Mobileye Global stock opened at $16.08 on Wednesday. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00. The company has a market capitalization of $13.04 billion, a P/E ratio of -4.21, a PEG ratio of 69.54 and a beta of 0.26. The stock has a 50-day simple moving average of $17.53 and a 200-day simple moving average of $15.56.

Mobileye Global (NASDAQ:MBLY) last posted its quarterly earnings data on Thursday, January 30th. The company reported $0.04 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%. As a group, analysts forecast that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MBLY. UBS Group lifted their price objective on Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, January 16th. Loop Capital boosted their target price on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Bank of America raised 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 note on Monday, February 10th. Oppenheimer initiated coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price for the company. Finally, Robert W. Baird upped their price objective on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $22.95.

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.