RWC Asset Management LLP Takes Position in Mobileye Global Inc. (NASDAQ:MBLY)

RWC Asset Management LLP acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 36,542 shares of the company’s stock, valued at approximately $728,000.

A number of other large investors have also made changes to their positions in the stock. Rakuten Securities Inc. raised its holdings in 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 in the last quarter. Versant Capital Management Inc raised 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 purchasing an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC acquired a new stake in Mobileye Global in the 4th quarter valued at $30,000. Quarry LP bought a new stake in Mobileye Global in the third quarter valued at $31,000. Finally, Global Retirement Partners LLC raised its stake in 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 acquiring an additional 932 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Trading Down 7.1 %

NASDAQ:MBLY opened at $16.51 on Monday. The firm has a market capitalization of $13.39 billion, a price-to-earnings ratio of -4.32, a PEG ratio of 69.54 and a beta of 0.26. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $34.00. The business’s 50-day moving average price is $17.65 and its two-hundred day moving average price is $15.55.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data 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 0.34% and a negative net margin of 186.82%. Sell-side analysts predict that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, January 31st. Loop Capital lifted their target price on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group increased their price target on Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. TD Cowen lifted their price objective on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $11.00 target price on shares of Mobileye Global in a report on Thursday, December 5th. Two investment 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 company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus 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.