Level Four Advisory Services LLC Sells 30,302 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Level Four Advisory Services LLC trimmed its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 55.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,495 shares of the company’s stock after selling 30,302 shares during the quarter. Level Four Advisory Services LLC’s holdings in Mobileye Global were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Parkside Financial Bank & Trust lifted its holdings in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after acquiring an additional 737 shares during the period. Versant Capital Management Inc lifted its stake 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 worth $26,000 after purchasing an additional 1,131 shares during the period. FNY Investment Advisers LLC purchased a new position in shares of Mobileye Global in the fourth quarter worth approximately $30,000. Quarry LP bought a new stake in Mobileye Global during the third quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC increased its holdings in Mobileye Global by 136.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after buying an additional 932 shares during the last quarter. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Mobileye Global Stock Down 4.7 %

MBLY stock opened at $14.40 on Tuesday. The business has a 50 day moving average price of $16.03 and a 200 day moving average price of $15.82. The stock has a market cap of $11.68 billion, a price-to-earnings ratio of -3.77, a PEG ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00.

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 net margin of 186.82% and a negative return on equity of 0.34%. As a group, sell-side analysts anticipate that Mobileye Global Inc. will post 0.01 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Loop Capital boosted their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler raised their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, March 20th. Bank of America raised Mobileye Global from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $12.00 to $19.00 in a research report on Monday, February 10th. Mizuho reduced their target price on shares of Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price target 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 issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average price target of $22.24.

Mobileye Global 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.