Geode Capital Management LLC Raises Position in Mobileye Global Inc. (NASDAQ:MBLY)

Geode Capital Management LLC boosted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 24.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,431,325 shares of the company's stock after buying an additional 279,082 shares during the quarter. Geode Capital Management LLC owned approximately 0.18% of Mobileye Global worth $19,615,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BCGM Wealth Management LLC raised its stake in shares of Mobileye Global by 178.0% in the third quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company's stock valued at $2,611,000 after buying an additional 122,031 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mobileye Global by 168.4% in the 3rd 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 last quarter. AXA S.A. raised its stake in Mobileye Global by 35.6% in the 2nd quarter. AXA S.A. now owns 518,076 shares of the company's stock valued at $14,550,000 after acquiring an additional 135,967 shares during the period. PFG Investments LLC purchased a new stake in Mobileye Global during the third quarter valued at about $635,000. Finally, Select Equity Group L.P. boosted its position in Mobileye Global by 74.6% during the second quarter. Select Equity Group L.P. now owns 237,137 shares of the company's stock worth $6,660,000 after purchasing an additional 101,350 shares during the period. Hedge funds and other institutional investors own 13.25% of the company's stock.

Mobileye Global Stock Up 2.9 %

Shares of Mobileye Global stock traded up $0.56 during trading on Friday, hitting $20.03. 5,517,776 shares of the stock traded hands, compared to its average volume of 5,220,659. The stock has a market cap of $16.25 billion, a price-to-earnings ratio of -5.49 and a beta of 0.44. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48. The firm's fifty day moving average is $16.55 and its 200-day moving average is $17.65.

Analysts Set New Price Targets

MBLY has been the topic of several research reports. Canaccord Genuity Group lowered their price target on shares of Mobileye Global from $27.00 to $25.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Barclays lowered their target price on shares of Mobileye Global from $19.00 to $18.00 and set an "overweight" rating on the stock in a report on Monday, November 4th. UBS Group lowered Mobileye Global from a "buy" rating to a "neutral" rating and cut their price target for the stock from $20.00 to $14.00 in a report on Friday, October 4th. Royal Bank of Canada reiterated a "sector perform" rating and set a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. Finally, Loop Capital increased their price objective on Mobileye Global from $20.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $23.38.

Mobileye Global Company Profile

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.