BCGM Wealth Management LLC grew its position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 178.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,595 shares of the company's stock after buying an additional 122,031 shares during the period. BCGM Wealth Management LLC's holdings in Mobileye Global were worth $2,611,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in MBLY. Impax Asset Management Group plc purchased a new stake in Mobileye Global during the third quarter valued at about $871,000. Rakuten Securities Inc. raised its position in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock valued at $25,000 after purchasing an additional 1,061 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Mobileye Global during the 3rd quarter valued at approximately $550,000. Entropy Technologies LP boosted its holdings in Mobileye Global by 102.8% in the 3rd quarter. Entropy Technologies LP now owns 18,658 shares of the company's stock worth $256,000 after buying an additional 9,459 shares during the period. Finally, Patten & Patten Inc. TN grew its stake in Mobileye Global by 5.8% in the 3rd quarter. Patten & Patten Inc. TN now owns 103,150 shares of the company's stock valued at $1,413,000 after buying an additional 5,620 shares in the last quarter. Institutional investors own 13.25% of the company's stock.
Wall Street Analysts Forecast Growth
MBLY has been the subject of a number of analyst reports. Loop Capital started coverage on Mobileye Global in a report on Tuesday, November 12th. They issued a "buy" rating and a $20.00 price target for the company. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $15.00 target price on shares of Mobileye Global in a research note on Tuesday, September 10th. Royal Bank of Canada cut Mobileye Global from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from $24.00 to $11.00 in a research report on Tuesday, October 15th. Fox Advisors lowered shares of Mobileye Global from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 1st. Finally, TD Cowen upped their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Mobileye Global presently has an average rating of "Hold" and a consensus target price of $23.05.
View Our Latest Stock Report on MBLY
Mobileye Global Stock Down 3.2 %
Shares of Mobileye Global stock opened at $14.99 on Friday. The company has a fifty day moving average of $13.26 and a 200-day moving average of $19.78. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $44.48.
Mobileye Global Company Profile
(
Free Report)
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.
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