Light Street Capital Management LLC Invests $15.28 Million in Mobileye Global Inc. (NASDAQ:MBLY)

Light Street Capital Management LLC acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 766,892 shares of the company’s stock, valued at approximately $15,276,000. Mobileye Global accounts for about 2.8% of Light Street Capital Management LLC’s investment portfolio, making the stock its 12th biggest holding. Light Street Capital Management LLC owned approximately 0.09% of Mobileye Global at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its position in shares of Mobileye Global by 147.4% during 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 during the last quarter. FNY Investment Advisers LLC bought a new position in Mobileye Global in the 4th quarter worth about $30,000. Global Retirement Partners LLC increased its stake in shares of Mobileye Global by 136.9% in the fourth quarter. Global Retirement Partners LLC now owns 1,613 shares of the company’s stock valued at $32,000 after purchasing an additional 932 shares during the period. Strategic Investment Solutions Inc. IL acquired a new position in shares of Mobileye Global during the fourth quarter worth approximately $40,000. Finally, Ancora Advisors LLC bought a new position in Mobileye Global in the 4th quarter worth approximately $40,000. 13.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MBLY. Bank of America raised shares of Mobileye Global from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $19.00 in a report on Monday, February 10th. StockNews.com upgraded Mobileye Global to a “sell” rating in a research report on Tuesday, April 29th. UBS Group decreased their target price on Mobileye Global from $17.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, April 10th. Mizuho dropped their price target on shares of Mobileye Global from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Finally, Piper Sandler upped their price target on shares of Mobileye Global from $16.00 to $17.00 and gave the company a “neutral” rating in a report on Thursday, March 20th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $18.63.

Mobileye Global Stock Up 4.0%

Shares of Mobileye Global stock opened at $16.30 on Monday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $33.26. The stock has a 50 day moving average price of $14.32 and a two-hundred day moving average price of $16.07. The stock has a market capitalization of $13.24 billion, a P/E ratio of -4.27, a PEG ratio of 69.54 and a beta of 0.38.

Mobileye Global (NASDAQ:MBLY) last issued its earnings results on Thursday, April 24th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. Mobileye Global had a negative return on equity of 0.34% and a negative net margin of 186.82%. The firm had revenue of $438.00 million during the quarter, compared to analysts’ expectations of $434.87 million. During the same period last year, the business earned ($0.07) earnings per share. Mobileye Global’s quarterly revenue was up 83.3% compared to the same quarter last year. Sell-side analysts anticipate 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.