Paloma Partners Management Co Acquires Shares of 189,600 Mobileye Global Inc. (NASDAQ:MBLY)

Paloma Partners Management Co bought a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 189,600 shares of the company's stock, valued at approximately $2,598,000.

Several other institutional investors and hedge funds have also bought and sold shares of MBLY. BCGM Wealth Management LLC increased its stake 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 acquiring an additional 122,031 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Mobileye Global by 258.7% during the second quarter. Raymond James & Associates now owns 336,417 shares of the company's stock valued at $9,448,000 after purchasing an additional 242,640 shares during the last quarter. AXA S.A. grew its stake in shares of Mobileye Global by 35.6% in the 2nd 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 during the last quarter. M&G Plc increased its position in Mobileye Global by 8.9% during the 2nd quarter. M&G Plc now owns 1,350,945 shares of the company's stock valued at $37,826,000 after buying an additional 110,032 shares in the last quarter. Finally, PFG Investments LLC purchased a new position in Mobileye Global during the third quarter valued at $635,000. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. BNP Paribas cut Mobileye Global from a "neutral" rating to an "underperform" rating and set a $12.00 target price on the stock. in a research note on Wednesday, October 2nd. Canaccord Genuity Group reduced their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Daiwa Capital Markets downgraded shares of Mobileye Global from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. Wolfe Research downgraded Mobileye Global from an "outperform" rating to a "peer perform" rating in a report on Thursday, September 5th. Finally, Loop Capital began coverage on Mobileye Global in a research report on Tuesday, November 12th. They issued a "buy" rating and a $20.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Mobileye Global has a consensus rating of "Hold" and a consensus target price of $23.14.

Mobileye Global Stock Performance

NASDAQ MBLY traded down $0.45 on Monday, hitting $17.60. 2,001,751 shares of the stock were exchanged, compared to its average volume of 5,078,793. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $44.48. The firm has a market capitalization of $14.27 billion, a P/E ratio of -4.90 and a beta of 0.07. The stock has a fifty day moving average price of $14.49 and a two-hundred day moving average price of $18.92.

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.