Loomis Sayles & Co. L P Sells 97,165 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Loomis Sayles & Co. L P lessened its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 5.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,571,166 shares of the company’s stock after selling 97,165 shares during the quarter. Loomis Sayles & Co. L P owned about 0.19% of Mobileye Global worth $31,298,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust raised its position in shares of Mobileye Global by 147.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after buying an additional 737 shares during the last quarter. Versant Capital Management Inc grew its position 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 acquiring an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Mobileye Global during the 4th quarter valued at approximately $30,000. Quarry LP bought a new position in Mobileye Global during the third quarter valued at $31,000. Finally, Global Retirement Partners LLC grew its holdings in Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares during the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Price Performance

Mobileye Global stock opened at $15.75 on Friday. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $34.00. The business has a fifty day moving average price of $16.08 and a 200-day moving average price of $15.70. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of -4.12, a PEG ratio of 69.54 and a beta of 0.29.

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 analysts’ consensus estimates 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 research analysts anticipate that Mobileye Global Inc. will post 0.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Wednesday. Oppenheimer initiated coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price on the stock. Loop Capital boosted their price target on Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Bank of America upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $19.00 in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus 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.