Allianz SE Makes New $43,000 Investment in Mobileye Global Inc. (NASDAQ:MBLY)

Allianz SE bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,150 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors also recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its holdings in Mobileye Global by 147.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,237 shares of the company’s stock valued at $25,000 after acquiring an additional 737 shares during 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 purchasing an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in Mobileye Global during the 4th quarter valued at about $30,000. Quarry LP bought a new position in shares of Mobileye Global in the 3rd quarter valued at about $31,000. Finally, Global Retirement Partners LLC grew its position in shares of 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 buying an additional 932 shares during the period. 13.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Bank of America upgraded shares of Mobileye Global from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $12.00 to $19.00 in a report on Monday, February 10th. Loop Capital raised their price target on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Mizuho dropped their price objective on Mobileye Global from $17.00 to $16.00 and set a “neutral” rating for the company in a report on Friday, January 31st. Royal Bank of Canada reissued a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a research note on Thursday, December 5th. Finally, Oppenheimer initiated coverage on Mobileye Global in a research report on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price for the company. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $22.24.

Mobileye Global Price Performance

Shares of Mobileye Global stock opened at $14.40 on Tuesday. The firm has a market cap of $11.68 billion, a price-to-earnings ratio of -3.77, a price-to-earnings-growth ratio of 69.54 and a beta of 0.29. The stock’s 50-day moving average is $16.03 and its 200-day moving average is $15.82. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00.

Mobileye Global (NASDAQ:MBLY) last released its earnings results on Thursday, January 30th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.08). Mobileye Global had a negative net margin of 186.82% and a negative return on equity of 0.34%. On average, equities analysts expect that Mobileye Global Inc. will post 0.01 EPS for the current year.

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.