Migdal Insurance & Financial Holdings Ltd. cut its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 98.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,512 shares of the company's stock after selling 674,947 shares during the period. Migdal Insurance & Financial Holdings Ltd.'s holdings in Mobileye Global were worth $103,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cranbrook Wealth Management LLC purchased a new stake in Mobileye Global in the 2nd quarter worth about $84,000. Natixis Investment Managers International purchased a new stake in Mobileye Global in the first quarter worth $99,000. EverSource Wealth Advisors LLC lifted its position in shares of Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company's stock worth $107,000 after purchasing an additional 3,478 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Mobileye Global during the second quarter valued at $147,000. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Mobileye Global by 24.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company's stock worth $203,000 after purchasing an additional 1,248 shares during the last quarter. Hedge funds and other institutional investors own 13.25% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on MBLY shares. TD Cowen raised their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Robert W. Baird raised their price objective on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Canaccord Genuity Group lowered their target price on Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a report on Friday, November 1st. Royal Bank of Canada lowered Mobileye Global from an "outperform" rating to a "sector perform" rating and cut their price target for the company from $24.00 to $11.00 in a research note on Tuesday, October 15th. Finally, Evercore ISI lowered their price objective on shares of Mobileye Global from $35.00 to $30.00 and set an "outperform" rating for the company in a research note on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $23.20.
Read Our Latest Report on Mobileye Global
Mobileye Global Price Performance
MBLY traded up $0.19 on Monday, reaching $16.64. 6,398,078 shares of the stock were exchanged, compared to its average volume of 5,033,582. The company's 50-day moving average price is $12.99 and its 200 day moving average price is $20.06. The firm has a market capitalization of $13.47 billion, a PE ratio of -4.56 and a beta of 0.07. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $44.48.
About Mobileye Global
(
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.
See Also
Before you consider Mobileye Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mobileye Global wasn't on the list.
While Mobileye Global currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
