Bamco Inc. NY Cuts Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Bamco Inc. NY lessened its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 96.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,108 shares of the company's stock after selling 665,555 shares during the period. Bamco Inc. NY's holdings in Mobileye Global were worth $344,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. grew its holdings in shares of Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after acquiring an additional 1,061 shares during the period. Cranbrook Wealth Management LLC purchased a new position in shares of Mobileye Global during the 2nd quarter worth approximately $84,000. EverSource Wealth Advisors LLC grew its holdings in shares of Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company's stock worth $107,000 after acquiring an additional 3,478 shares during the period. Headlands Technologies LLC purchased a new position in shares of Mobileye Global during the 2nd quarter worth approximately $147,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Mobileye Global by 24.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company's stock worth $203,000 after acquiring an additional 1,248 shares during the period. Hedge funds and other institutional investors own 13.25% of the company's stock.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY traded down $0.46 during midday trading on Wednesday, hitting $17.08. The company had a trading volume of 4,706,373 shares, compared to its average volume of 5,093,265. The company has a market cap of $13.85 billion, a price-to-earnings ratio of -4.81 and a beta of 0.44. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $44.48. The company has a fifty day moving average of $14.68 and a two-hundred day moving average of $18.77.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MBLY. Wolfe Research downgraded Mobileye Global from an "outperform" rating to a "peer perform" rating in a research note on Thursday, September 5th. Evercore ISI cut their price target on Mobileye Global from $35.00 to $30.00 and set an "outperform" rating on the stock in a research note on Monday, October 14th. Loop Capital initiated coverage on Mobileye Global in a research note on Tuesday, November 12th. They issued a "buy" rating and a $20.00 price target on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. Finally, Needham & Company LLC lowered their price objective on Mobileye Global from $25.00 to $20.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global has an average rating of "Hold" and an average target price of $23.14.

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.