Melqart Asset Management UK Ltd acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 363,364 shares of the company's stock, valued at approximately $4,978,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of MBLY. Rakuten Securities Inc. raised its holdings in Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after purchasing an additional 1,061 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global in the second quarter worth $84,000. Quest Partners LLC acquired a new position in shares of Mobileye Global in the third quarter worth $102,000. EverSource Wealth Advisors LLC raised 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 acquiring an additional 3,478 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc raised its holdings in shares of Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock worth $119,000 after acquiring an additional 1,257 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
MBLY has been the subject of several analyst reports. BNP Paribas lowered Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 target price for the company. in a research note on Wednesday, October 2nd. Mizuho upped their target price on Mobileye Global from $13.00 to $15.00 and gave the stock a "neutral" rating in a research report on Monday, November 18th. Barclays decreased their target price 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. Robert W. Baird increased their price target on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group reduced their price target on Mobileye Global from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $23.14.
Check Out Our Latest Report on Mobileye Global
Mobileye Global Stock Down 2.6 %
NASDAQ MBLY traded down $0.46 on Wednesday, reaching $17.08. 4,706,144 shares of the stock traded hands, compared to its average volume of 5,087,215. The firm's fifty day simple moving average is $14.68 and its 200 day simple moving average is $18.77. The company has a market cap of $13.85 billion, a price-to-earnings ratio of -4.81 and a beta of 0.44. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $44.48.
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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