Bamco Inc. NY Has $7.64 Million Stock Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Bamco Inc. NY grew its position in Mobileye Global Inc. (NASDAQ:MBLY) by 1,427.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 383,452 shares of the company’s stock after acquiring an additional 358,344 shares during the period. Bamco Inc. NY’s holdings in Mobileye Global were worth $7,638,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MBLY. Parkside Financial Bank & Trust increased its holdings 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. Global Retirement Partners LLC increased its stake in Mobileye Global by 136.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock worth $32,000 after purchasing an additional 932 shares in the last quarter. Versant Capital Management Inc raised its holdings in 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 buying an additional 1,131 shares during the period. Daymark Wealth Partners LLC lifted its stake in Mobileye Global by 10.9% in the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock valued at $233,000 after buying an additional 1,147 shares in the last quarter. Finally, FNY Investment Advisers LLC acquired a new position in shares of Mobileye Global in the fourth quarter valued at approximately $30,000. Institutional investors own 13.25% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of Mobileye Global from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Thursday, April 10th. Needham & Company LLC cut their price target on Mobileye Global from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. decreased their price objective on Mobileye Global from $11.00 to $10.00 and set an “underweight” rating for the company in a report on Thursday, April 17th. BNP Paribas upgraded Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 target price on the stock in a research note on Wednesday, April 23rd. Finally, Robert W. Baird raised their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, April 25th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.63.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $14.55 on Tuesday. The company has a market cap of $11.81 billion, a P/E ratio of -3.81, a P/E/G ratio of 69.54 and a beta of 0.38. The firm’s fifty day moving average price is $14.31 and its two-hundred day moving average price is $16.00. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $33.26.

Mobileye Global (NASDAQ:MBLY) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $438.00 million for the quarter, compared to analyst estimates of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. Mobileye Global’s quarterly revenue was up 83.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.07) EPS. As a group, equities research analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

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.