Northwest & Ethical Investments L.P. Makes New $825,000 Investment in Mobileye Global Inc. (NASDAQ:MBLY)

Northwest & Ethical Investments L.P. acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 60,200 shares of the company's stock, valued at approximately $825,000.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Mobileye Global by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,175,404 shares of the company's stock worth $37,789,000 after buying an additional 17,692 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake 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 acquiring an additional 1,248 shares during the period. Tidal Investments LLC bought a new stake in Mobileye Global in the first quarter valued at approximately $740,000. Cetera Investment Advisers acquired a new stake in Mobileye Global during the 1st quarter valued at approximately $3,540,000. Finally, Cetera Advisors LLC acquired a new position in shares of Mobileye Global in the 1st quarter worth approximately $1,654,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Stock Up 0.1 %

NASDAQ:MBLY traded up $0.02 during trading hours on Friday, hitting $18.05. 2,051,234 shares of the company traded hands, compared to its average volume of 5,092,349. The company has a market cap of $14.64 billion, a PE ratio of -4.95 and a beta of 0.07. The firm's 50-day simple moving average is $14.49 and its 200-day simple moving average is $19.06. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $44.48.

Analyst Ratings Changes

MBLY has been the topic of several recent analyst reports. UBS Group lowered shares of Mobileye Global from a "buy" rating to a "neutral" rating and dropped their target price for the company from $20.00 to $14.00 in a report on Friday, October 4th. Canaccord Genuity Group decreased their target price on Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Robert W. Baird boosted their price target on Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $15.00 price objective on shares of Mobileye Global in a research report on Tuesday, September 10th. Finally, BNP Paribas downgraded shares of Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 target price on the stock. in a research report on Wednesday, October 2nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $23.14.

About Mobileye Global

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.