Cinctive Capital Management LP Purchases Shares of 265,449 Mobileye Global Inc. (NASDAQ:MBLY)

Cinctive Capital Management LP acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 265,449 shares of the company's stock, valued at approximately $3,637,000.

A number of other hedge funds also recently bought and sold shares of MBLY. Rakuten Securities Inc. grew its holdings 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 worth $25,000 after acquiring an additional 1,061 shares during the period. Cranbrook Wealth Management LLC purchased a new stake in Mobileye Global during the 2nd quarter valued at approximately $84,000. Quest Partners LLC bought a new stake in shares of Mobileye Global during the third quarter valued at approximately $102,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company's stock worth $107,000 after buying an additional 3,478 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc boosted its holdings in shares of Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock valued at $119,000 after purchasing an additional 1,257 shares during the last quarter. Institutional investors own 13.25% of the company's stock.

Mobileye Global Price Performance

MBLY traded down $0.66 during trading on Tuesday, reaching $17.39. 3,580,775 shares of the company's stock were exchanged, compared to its average volume of 6,296,871. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $44.48. The company's fifty day simple moving average is $14.59 and its 200-day simple moving average is $18.84. The stock has a market capitalization of $14.10 billion, a P/E ratio of -4.76 and a beta of 0.43.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Loop Capital began coverage on shares of Mobileye Global in a research note on Tuesday, November 12th. They set a "buy" rating and a $20.00 price target on the stock. JPMorgan Chase & Co. reissued an "underweight" rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Robert W. Baird raised their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Royal Bank of Canada reissued a "sector perform" rating and set a $11.00 target price on shares of Mobileye Global in a research report on Tuesday, November 26th. Finally, Barclays lowered their price target on Mobileye Global from $19.00 to $18.00 and set an "overweight" rating for the company in a research report on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global currently has an average rating of "Hold" and a consensus price target of $23.14.

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.