Mobileye Global Inc. (NASDAQ:MBLY) Holdings Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 168.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,526,234 shares of the company's stock after buying an additional 957,565 shares during the period. Charles Schwab Investment Management Inc. owned 0.19% of Mobileye Global worth $20,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Rakuten Securities Inc. lifted its holdings in shares of Mobileye Global by 140.2% in the 3rd 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. Cranbrook Wealth Management LLC purchased a new stake in Mobileye Global in the second quarter valued at approximately $84,000. Quest Partners LLC acquired a new stake in shares of Mobileye Global in the third quarter valued at approximately $102,000. EverSource Wealth Advisors LLC grew its position in shares of Mobileye Global by 1,019.9% during the second 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 last quarter. Finally, Guinness Atkinson Asset Management Inc increased its holdings in shares of Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock valued at $119,000 after acquiring an additional 1,257 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on MBLY. Loop Capital initiated coverage on shares of Mobileye Global in a research report on Tuesday, November 12th. They set a "buy" rating and a $20.00 price objective on the stock. Canaccord Genuity Group lowered their price target on Mobileye Global from $27.00 to $25.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $15.00 price objective on shares of Mobileye Global in a research note on Tuesday, September 10th. Robert W. Baird lifted their target price on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Finally, BNP Paribas downgraded Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 price target for the company. in a report on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, ten 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 MarketBeat, Mobileye Global currently has an average rating of "Hold" and a consensus price target of $23.14.

Mobileye Global Price Performance

MBLY traded down $0.10 during midday trading on Friday, reaching $17.00. 7,963,967 shares of the company's stock were exchanged, compared to its average volume of 5,969,103. The business's 50-day moving average price is $14.89 and its 200 day moving average price is $18.61. The stock has a market capitalization of $13.79 billion, a PE ratio of -4.66 and a beta of 0.44. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $44.48.

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.