Fox Run Management L.L.C. Takes Position in Mobileye Global Inc. (NASDAQ:MBLY)

Fox Run Management L.L.C. acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the 4th quarter, HoldingsChannel reports. The fund acquired 12,430 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Parkside Financial Bank & Trust lifted its position in Mobileye Global by 147.4% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock worth $25,000 after acquiring an additional 737 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Mobileye Global by 580.0% during 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 last quarter. FNY Investment Advisers LLC bought a new stake in Mobileye Global during the 4th quarter valued at approximately $30,000. Quarry LP acquired a new stake in Mobileye Global in the 3rd quarter valued at approximately $31,000. Finally, Global Retirement Partners LLC increased its position in Mobileye Global by 136.9% in the 4th 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 period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Stock Down 2.2 %

Shares of MBLY stock opened at $15.75 on Friday. The company has a market capitalization of $12.77 billion, a P/E ratio of -4.12, a P/E/G ratio of 69.54 and a beta of 0.29. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The firm has a 50-day moving average price of $16.08 and a 200 day moving average price of $15.70.

Mobileye Global (NASDAQ:MBLY) last posted its earnings results on Thursday, January 30th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MBLY. Barclays increased their price objective on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Oppenheimer initiated coverage on shares of Mobileye Global in a research report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 price target on the stock. Piper Sandler upped their price objective on shares of Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a research report on Thursday, March 20th. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Mobileye Global in a report on Wednesday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on 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.