368,038 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP purchased a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 368,038 shares of the company’s stock, valued at approximately $7,331,000.

Several other institutional investors and hedge funds have also modified their holdings of MBLY. Norges Bank purchased a new position in shares of Mobileye Global during the 4th quarter valued at $95,937,000. Dimensional Fund Advisors LP purchased a new position in shares of Mobileye Global during the 4th quarter valued at $27,155,000. Yiheng Capital Management L.P. purchased a new position in shares of Mobileye Global during the 4th quarter valued at $14,940,000. Susquehanna Fundamental Investments LLC bought a new stake in Mobileye Global in the 4th quarter valued at $13,897,000. Finally, Raymond James Financial Inc. bought a new stake in Mobileye Global in the 4th quarter valued at $13,786,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MBLY. JPMorgan Chase & Co. reduced their price target on shares of Mobileye Global from $11.00 to $10.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th. Robert W. Baird lifted their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, April 25th. UBS Group reduced their price target on shares of Mobileye Global from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, April 10th. BNP Paribas upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and set a $11.00 price target on the stock in a report on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Mobileye Global to a “sell” rating in a report on Tuesday, April 29th. Two equities research 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 stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.63.

Mobileye Global Trading Up 4.0%

Shares of NASDAQ:MBLY opened at $16.30 on Monday. The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of -4.27, a PEG ratio of 69.54 and a beta of 0.38. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $33.26. The firm’s 50-day moving average is $14.32 and its 200 day moving average is $16.07.

Mobileye Global (NASDAQ:MBLY) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The company had revenue of $438.00 million for the quarter, compared to the consensus estimate of $434.87 million. Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. The firm’s revenue was up 83.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.07) EPS. As a group, equities analysts forecast that Mobileye Global Inc. will post 0.01 EPS for the current fiscal year.

About Mobileye Global

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.