GSA Capital Partners LLP purchased a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 40,126 shares of the company's stock, valued at approximately $550,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Entropy Technologies LP raised its position in Mobileye Global by 102.8% in the 3rd quarter. Entropy Technologies LP now owns 18,658 shares of the company's stock valued at $256,000 after buying an additional 9,459 shares during the last quarter. Patten & Patten Inc. TN grew its holdings in Mobileye Global by 5.8% during 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. Atria Investments Inc grew its holdings in Mobileye Global by 168.7% during the 3rd quarter. Atria Investments Inc now owns 26,860 shares of the company's stock valued at $368,000 after buying an additional 16,862 shares in the last quarter. ARK Investment Management LLC grew its holdings in shares of Mobileye Global by 7.7% during the third quarter. ARK Investment Management LLC now owns 74,878 shares of the company's stock worth $1,026,000 after purchasing an additional 5,323 shares in the last quarter. Finally, Malaga Cove Capital LLC bought a new stake in Mobileye Global in the 3rd quarter worth approximately $305,000. 13.25% of the stock is currently owned by institutional investors.
Mobileye Global Stock Up 1.0 %
Mobileye Global stock traded up $0.16 during trading hours on Wednesday, hitting $16.92. 5,334,244 shares of the company traded hands, compared to its average volume of 5,101,785. The firm's 50-day simple moving average is $13.61 and its two-hundred day simple moving average is $19.51. The firm has a market cap of $13.72 billion, a P/E ratio of -4.64 and a beta of 0.07. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $44.48.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on MBLY. BNP Paribas cut Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 price target on the stock. in a research note on Wednesday, October 2nd. Daiwa America cut Mobileye Global from a "strong-buy" rating to a "hold" rating in a report on Monday, August 5th. Needham & Company LLC decreased their price target on Mobileye Global from $25.00 to $20.00 and set a "buy" rating for the company in a research note on Friday, November 1st. TD Cowen lifted their price target on Mobileye Global from $15.00 to $19.00 and gave the company a "buy" rating in a report on Friday, November 1st. Finally, Mizuho boosted their price objective on Mobileye Global from $13.00 to $15.00 and gave the company a "neutral" rating in a report on Monday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $23.14.
Check Out Our Latest Analysis 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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