Raymond James & Associates Acquires New Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Raymond James & Associates acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 106,963 shares of the company’s stock, valued at approximately $3,750,000. Raymond James & Associates owned 0.21% of Mobileye Global as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mobileye Global in the fourth quarter worth $72,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Mobileye Global in the fourth quarter worth $79,000. Private Trust Co. NA bought a new stake in shares of Mobileye Global in the fourth quarter worth $140,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Mobileye Global in the fourth quarter worth $146,000. Finally, LPL Financial LLC bought a new stake in shares of Mobileye Global in the fourth quarter worth $201,000. Institutional investors and hedge funds own 1.38% of the company’s stock.

Mobileye Global Trading Up 5.2 %

NASDAQ MBLY opened at $42.48 on Friday. The stock has a 50-day moving average of $39.98 and a 200 day moving average of $41.12. Mobileye Global Inc. has a one year low of $24.85 and a one year high of $48.11.

Mobileye Global (NASDAQ:MBLY – Get Rating) last posted its quarterly earnings data on Thursday, April 27th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $458.00 million for the quarter, compared to analysts’ expectations of $457.54 million. Analysts anticipate that Mobileye Global Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on MBLY shares. Loop Capital upped their price target on shares of Mobileye Global from $45.00 to $55.00 in a research note on Wednesday, April 26th. Mizuho increased their price objective on shares of Mobileye Global from $39.00 to $43.00 in a research note on Wednesday, May 10th. Morgan Stanley increased their price objective on shares of Mobileye Global from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research note on Monday, January 30th. Wolfe Research raised shares of Mobileye Global from a “market perform” rating to an “outperform” rating and set a $46.00 target price for the company in a report on Friday, April 28th. Finally, Westpark Capital started coverage on shares of Mobileye Global in a report on Wednesday, March 22nd. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $45.32.

About Mobileye Global

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Mobileye Global Inc engages in the development and deployment of advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide. The company offers Driver Assist, which comprise 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 driver assist 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 and supports over-the-air updates.