Qsemble Capital Management LP Increases Position in Mobileye Global Inc. (NASDAQ:MBLY)

Qsemble Capital Management LP grew its holdings in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 543.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,558 shares of the company's stock after purchasing an additional 48,612 shares during the quarter. Qsemble Capital Management LP's holdings in Mobileye Global were worth $789,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rakuten Securities Inc. increased its stake in Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock valued at $25,000 after purchasing an additional 1,061 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global in the second quarter valued at about $84,000. EverSource Wealth Advisors LLC lifted its holdings 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 period. Headlands Technologies LLC acquired a new position in Mobileye Global in the 2nd quarter worth approximately $147,000. Finally, B. Riley Wealth Advisors Inc. increased its holdings in Mobileye Global by 24.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company's stock worth $203,000 after buying an additional 1,248 shares during the period. Hedge funds and other institutional investors own 13.25% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MBLY. Mizuho boosted their target price on shares of Mobileye Global from $13.00 to $15.00 and gave the company a "neutral" rating in a research report on Monday, November 18th. Loop Capital began coverage on shares of Mobileye Global in a report on Tuesday, November 12th. They set a "buy" rating and a $20.00 price target on the stock. Canaccord Genuity Group cut their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a report on Friday, November 1st. Daiwa Capital Markets cut Mobileye Global from a "buy" rating to a "neutral" rating in a research report on Monday, August 5th. Finally, Robert W. Baird upped their price target on Mobileye Global from $17.00 to $18.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Mobileye Global currently has an average rating of "Hold" and a consensus target price of $23.14.

Mobileye Global Stock Performance

Shares of MBLY stock traded up $0.11 on Wednesday, hitting $18.03. 3,123,480 shares of the stock traded hands, compared to its average volume of 5,105,512. The firm's 50-day moving average price is $14.15 and its two-hundred day moving average price is $19.14. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The stock has a market capitalization of $14.62 billion, a PE ratio of -4.92 and a beta of 0.07.

Mobileye Global 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.