Country Club Bank Cuts Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Country Club Bank lowered its position in Mobileye Global Inc. (NASDAQ:MBLY) by 46.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,279 shares of the company’s stock after selling 135,588 shares during the quarter. Country Club Bank’s holdings in Mobileye Global were worth $3,076,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of MBLY. Rakuten Securities Inc. boosted its stake in Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after buying an additional 1,061 shares in the last quarter. Versant Capital Management Inc boosted its stake in Mobileye Global by 580.0% in the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after buying an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in Mobileye Global in the fourth quarter worth approximately $30,000. Quarry LP purchased a new stake in Mobileye Global in the third quarter worth approximately $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mobileye Global in the fourth quarter worth approximately $58,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Barclays upped their target price on Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. UBS Group boosted their price objective on Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, January 16th. Canaccord Genuity Group lowered their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report 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. Finally, The Goldman Sachs Group lowered their price objective on Mobileye Global from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Friday, January 31st. Two equities 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.05.

Mobileye Global Stock Down 0.7 %

Shares of MBLY stock opened at $15.92 on Wednesday. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of -4.17, a PEG ratio of 11.32 and a beta of 0.26. The business’s fifty day moving average is $17.68 and its 200 day moving average is $15.73. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month 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 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 research analysts expect that Mobileye Global Inc. will post 0.21 earnings per share for the current fiscal year.

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.