Drive Wealth Management LLC Takes $950,000 Position in Mobileye Global Inc. (NASDAQ:MBLY)

Drive Wealth Management LLC purchased a new position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 47,713 shares of the company's stock, valued at approximately $950,000.

Other large investors have also made changes to their positions in the company. BCGM Wealth Management LLC lifted its holdings in shares of Mobileye Global by 178.0% during the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company's stock valued at $2,611,000 after buying an additional 122,031 shares during the last quarter. 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. Geode Capital Management LLC increased its stake in shares of Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock worth $19,615,000 after purchasing an additional 279,082 shares during the period. PFG Investments LLC bought a new position in Mobileye Global during the third quarter worth $635,000. Finally, Paloma Partners Management Co bought a new stake in shares of Mobileye Global in the 3rd quarter worth approximately $2,598,000. Institutional investors and hedge funds own 13.25% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MBLY. Canaccord Genuity Group dropped their price objective on Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group dropped their target price on shares of Mobileye Global from $24.00 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, October 1st. Royal Bank of Canada restated a "sector perform" rating and set a $11.00 target price on shares of Mobileye Global in a report on Thursday, December 5th. Barclays upped their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. reiterated an "underweight" rating and set a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $23.20.

Mobileye Global Trading Down 2.2 %

MBLY stock traded down $0.37 during trading hours on Monday, hitting $16.17. 4,878,351 shares of the stock were exchanged, compared to its average volume of 8,101,256. The company has a 50-day simple moving average of $17.86 and a two-hundred day simple moving average of $16.23. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $34.00. The firm has a market capitalization of $13.11 billion, a P/E ratio of -4.43, a P/E/G ratio of 11.65 and a beta of 0.30.

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.