FMR LLC cut its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 3.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,067,784 shares of the company's stock after selling 33,049 shares during the period. FMR LLC owned about 0.13% of Mobileye Global worth $14,629,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. BCGM Wealth Management LLC lifted its holdings in Mobileye Global by 178.0% during the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company's stock worth $2,611,000 after buying an additional 122,031 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock worth $20,909,000 after acquiring an additional 957,565 shares during the period. Raymond James & Associates boosted its holdings in Mobileye Global by 258.7% in the second quarter. Raymond James & Associates now owns 336,417 shares of the company's stock valued at $9,448,000 after acquiring an additional 242,640 shares during the last quarter. AXA S.A. increased its position in Mobileye Global by 35.6% during the 2nd quarter. AXA S.A. now owns 518,076 shares of the company's stock valued at $14,550,000 after purchasing an additional 135,967 shares during the period. Finally, PFG Investments LLC acquired a new position in shares of Mobileye Global in the 3rd quarter worth approximately $635,000. 13.25% of the stock is owned by institutional investors.
Mobileye Global Stock Performance
NASDAQ MBLY traded up $0.06 during trading on Wednesday, hitting $17.04. 4,909,685 shares of the company's stock traded hands, compared to its average volume of 5,162,886. The stock has a market capitalization of $13.82 billion, a price-to-earnings ratio of -4.65 and a beta of 0.43. The business has a 50 day moving average of $15.03 and a 200-day moving average of $18.41. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $44.48.
Analyst Ratings Changes
A number of analysts have weighed in on MBLY shares. Evercore ISI decreased their price target on Mobileye Global from $35.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, October 14th. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of Mobileye Global in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $15.00 target price on shares of Mobileye Global in a research report on Tuesday, September 10th. TD Cowen raised their price target 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. Finally, Wolfe Research upgraded shares of Mobileye Global from a "peer perform" rating to an "outperform" rating in a report on Thursday, December 5th. Three research 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. Based on data from MarketBeat, Mobileye Global presently has a consensus rating of "Hold" and a consensus price target of $23.24.
View Our Latest Stock Report on Mobileye Global
Mobileye Global 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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