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Impax Asset Management Group plc Acquires New Shares in Mobileye Global Inc. (NASDAQ:MBLY)

Mobileye Global logo with Auto/Tires/Trucks background

Impax Asset Management Group plc acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 63,573 shares of the company's stock, valued at approximately $871,000.

Several other institutional investors and hedge funds have also bought and sold shares of MBLY. Envestnet Portfolio Solutions Inc. bought a new position in Mobileye Global during the first quarter valued at $2,163,000. Mystic Asset Management Inc. bought a new position in shares of Mobileye Global in the first quarter worth $349,000. Oppenheimer Asset Management Inc. bought a new position in shares of Mobileye Global in the first quarter worth $220,000. Lipe & Dalton boosted its holdings in shares of Mobileye Global by 53.6% in the first quarter. Lipe & Dalton now owns 4,300 shares of the company's stock worth $138,000 after acquiring an additional 1,500 shares during the period. Finally, BCGM Wealth Management LLC bought a new position in shares of Mobileye Global in the first quarter worth $1,668,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Price Performance

NASDAQ:MBLY traded up $1.07 during mid-day trading on Thursday, reaching $16.51. 12,151,685 shares of the company's stock traded hands, compared to its average volume of 5,021,418. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $44.48. The firm has a market capitalization of $13.36 billion, a price-to-earnings ratio of -4.52 and a beta of 0.07. The company has a 50 day moving average price of $12.85 and a 200-day moving average price of $20.43.

Analyst Ratings Changes

A number of research firms have recently commented on MBLY. Royal Bank of Canada lowered Mobileye Global from an "outperform" rating to a "sector perform" rating and cut their price target for the stock from $24.00 to $11.00 in a report on Tuesday, October 15th. Morgan Stanley upgraded Mobileye Global from an "underweight" rating to an "equal weight" rating and lowered their price objective for the stock from $25.00 to $18.00 in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. TD Cowen increased their price objective on Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Canaccord Genuity Group lowered their price objective on Mobileye Global from $27.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $23.20.

Get Our Latest Stock Analysis on Mobileye Global

Mobileye Global Company 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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Institutional Ownership by Quarter for Mobileye Global (NASDAQ:MBLY)

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