Mobileye Global Inc. (NASDAQ:MBLY) Shares Purchased by BCGM Wealth Management LLC

BCGM Wealth Management LLC boosted its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 178.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 190,595 shares of the company's stock after buying an additional 122,031 shares during the quarter. BCGM Wealth Management LLC's holdings in Mobileye Global were worth $2,611,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. lifted its position in Mobileye Global by 9.9% during the 1st quarter. Advisors Asset Management Inc. now owns 8,608 shares of the company's stock worth $277,000 after acquiring an additional 774 shares during the last quarter. Rakuten Securities Inc. grew its stake in shares of Mobileye Global by 140.2% during 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 last quarter. B. Riley Wealth Advisors Inc. grew its stake in shares of Mobileye Global by 24.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company's stock valued at $203,000 after purchasing an additional 1,248 shares during the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock valued at $119,000 after buying an additional 1,257 shares during the period. Finally, Levin Capital Strategies L.P. lifted its holdings in Mobileye Global by 11.1% in the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company's stock valued at $406,000 after buying an additional 1,441 shares during the period. Institutional investors and hedge funds own 13.25% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MBLY shares. Wolfe Research lowered shares of Mobileye Global from an "outperform" rating to a "peer perform" rating in a report on Thursday, September 5th. The Goldman Sachs Group cut 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 note on Tuesday, October 1st. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $15.00 price objective on shares of Mobileye Global in a research note on Tuesday, September 10th. Needham & Company LLC dropped their price objective on shares of Mobileye Global from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Finally, Daiwa America cut shares of Mobileye Global from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $23.05.

Mobileye Global Trading Down 3.2 %

Shares of MBLY traded down $0.50 during trading hours on Friday, reaching $14.99. 5,970,521 shares of the company traded hands, compared to its average volume of 7,013,025. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $44.48. The company's fifty day moving average price is $13.26 and its two-hundred day moving average price is $19.78.

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.