SG Americas Securities LLC acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 57,148 shares of the company's stock, valued at approximately $1,138,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. BCGM Wealth Management LLC lifted its holdings in shares of Mobileye Global by 178.0% during the third 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 during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 valued at $20,909,000 after acquiring an additional 957,565 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company's stock worth $19,615,000 after acquiring an additional 279,082 shares during the period. PFG Investments LLC purchased a new position in Mobileye Global during the third quarter worth about $635,000. Finally, Paloma Partners Management Co acquired a new stake in Mobileye Global in the third quarter valued at about $2,598,000. 13.25% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on MBLY shares. UBS Group increased their target price on Mobileye Global from $14.00 to $17.00 and gave the stock a "neutral" rating in a research note on Thursday, January 16th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $10.00 price target (down previously from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Barclays raised their price objective on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. 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 report on Wednesday, October 2nd. Finally, Royal Bank of Canada restated a "sector perform" rating and issued a $11.00 price objective on shares of Mobileye Global in a research report on Thursday, December 5th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $23.20.
View Our Latest Report on MBLY
Mobileye Global Price Performance
Shares of NASDAQ:MBLY traded up $0.54 on Tuesday, reaching $16.71. 4,640,786 shares of the company traded hands, compared to its average volume of 7,897,767. The stock has a market capitalization of $13.55 billion, a PE ratio of -4.58, a P/E/G ratio of 11.65 and a beta of 0.30. The company's 50 day moving average is $17.84 and its 200-day moving average is $16.16. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $34.00.
Mobileye Global Profile
(
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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