Amundi Has $118,000 Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Amundi cut its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 49.7% during the fourth quarter, Holdings Channel reports. The fund owned 5,916 shares of the company’s stock after selling 5,845 shares during the quarter. Amundi’s holdings in Mobileye Global were worth $118,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in MBLY. The Manufacturers Life Insurance Company boosted its position in Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after purchasing an additional 4,517,217 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after buying an additional 957,565 shares during the period. Loomis Sayles & Co. L P grew its stake in Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after buying an additional 768,169 shares during the last quarter. Raymond James Financial Inc. bought a new position in Mobileye Global in the 4th quarter valued at about $13,786,000. Finally, Principal Financial Group Inc. acquired a new stake in Mobileye Global during the fourth quarter worth approximately $12,202,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Up 2.2 %

Mobileye Global stock opened at $14.56 on Friday. The stock has a market cap of $11.81 billion, a PE ratio of -3.81, 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 business’s 50-day moving average price is $16.11 and its two-hundred day moving average price is $15.63.

Mobileye Global (NASDAQ:MBLY) last released its quarterly earnings data 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 return on equity of 0.34% and a negative net margin of 186.82%. As a group, analysts expect that Mobileye Global Inc. will post 0.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

MBLY has been the topic of several research reports. The Goldman Sachs Group upped their target price on Mobileye Global from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, February 24th. Piper Sandler increased their price objective on Mobileye Global from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday. Barclays boosted their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Loop Capital raised their price target on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, UBS Group boosted their price objective on shares of Mobileye Global from $14.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, January 16th. Two equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.