Allianz SE Acquires Shares of 2,150 Mobileye Global Inc. (NASDAQ:MBLY)

Allianz SE bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,150 shares of the company’s stock, valued at approximately $43,000.

Other large investors have also modified their holdings of the company. Parkside Financial Bank & Trust lifted its stake in shares of Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares in the last quarter. Versant Capital Management Inc raised its position 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 in the last quarter. FNY Investment Advisers LLC purchased a new position in shares of Mobileye Global during the 4th quarter valued at approximately $30,000. Quarry LP acquired a new stake in shares of Mobileye Global during the third quarter worth approximately $31,000. Finally, Global Retirement Partners LLC increased its stake in shares of Mobileye Global by 136.9% in 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. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Down 4.7 %

Shares of Mobileye Global stock opened at $14.40 on Tuesday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The stock has a market capitalization of $11.68 billion, a P/E ratio of -3.77, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The company has a 50-day simple moving average of $16.03 and a 200 day simple moving average of $15.82.

Mobileye Global (NASDAQ:MBLY) last posted 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%. On average, equities analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. UBS Group boosted their target price on shares of Mobileye Global from $14.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, January 16th. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Wednesday, March 26th. Piper Sandler boosted their price target on Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Oppenheimer assumed coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 price objective on the stock. Finally, Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $19.00 in a research note on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average target price of $22.24.

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.