Polianta Ltd cut its stake in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 31.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,400 shares of the company's stock after selling 30,700 shares during the period. Mobileye Global comprises approximately 0.6% of Polianta Ltd's portfolio, making the stock its 28th largest position. Polianta Ltd's holdings in Mobileye Global were worth $1,302,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. BCGM Wealth Management LLC boosted its holdings in shares of Mobileye Global by 178.0% in the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company's stock worth $2,611,000 after purchasing an additional 122,031 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company's stock worth $20,909,000 after buying an additional 957,565 shares in the last quarter. AXA S.A. boosted its stake in Mobileye Global by 35.6% in the second quarter. AXA S.A. now owns 518,076 shares of the company's stock worth $14,550,000 after buying an additional 135,967 shares in the last quarter. Geode Capital Management LLC grew its position in Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock valued at $19,615,000 after acquiring an additional 279,082 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in shares of Mobileye Global during the third quarter worth approximately $635,000. Institutional investors own 13.25% of the company's stock.
Mobileye Global Stock Performance
Shares of Mobileye Global stock traded down $0.49 during trading on Monday, hitting $16.02. The company's stock had a trading volume of 6,358,060 shares, compared to its average volume of 6,754,333. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $34.00. The company has a market capitalization of $12.99 billion, a PE ratio of -4.39, a P/E/G ratio of 13.46 and a beta of 0.30. The company has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $16.61.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on MBLY. Oppenheimer assumed coverage on shares of Mobileye Global in a research note on Wednesday, January 15th. They issued an "outperform" rating and a $28.00 price objective for the company. TD Cowen lifted their price objective on Mobileye Global from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Mizuho increased their target price on Mobileye Global from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Canaccord Genuity Group decreased their price target on Mobileye Global from $27.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Finally, Barclays dropped their price objective on Mobileye Global from $19.00 to $18.00 and set an "overweight" rating for the company in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $23.81.
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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.
Further Reading
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