State Street Corp Sells 82,327 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

State Street Corp decreased its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 18.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 352,812 shares of the company's stock after selling 82,327 shares during the period. State Street Corp's holdings in Mobileye Global were worth $4,834,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MBLY. Rakuten Securities Inc. lifted its position in shares of Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company's stock worth $25,000 after buying an additional 1,061 shares during the period. Guinness Atkinson Asset Management Inc raised its stake in Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company's stock worth $119,000 after acquiring an additional 1,257 shares in the last quarter. Levin Capital Strategies L.P. lifted its holdings in shares of Mobileye Global by 11.1% during the second quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company's stock valued at $406,000 after acquiring an additional 1,441 shares during the period. Blair William & Co. IL boosted its stake in shares of Mobileye Global by 29.1% in the 2nd quarter. Blair William & Co. IL now owns 8,869 shares of the company's stock valued at $249,000 after purchasing an additional 1,999 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Mobileye Global in the 3rd quarter worth about $31,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MBLY has been the subject of several analyst reports. Evercore ISI cut their price target on shares of Mobileye Global from $35.00 to $30.00 and set an "outperform" rating for the company in a report on Monday, October 14th. Robert W. Baird lifted their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the company an "outperform" rating in a research note on Friday, November 1st. BNP Paribas downgraded 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. Mizuho raised their price target on Mobileye Global from $15.00 to $17.00 and gave the company a "neutral" rating in a report on Tuesday, December 10th. Finally, UBS Group downgraded Mobileye Global from a "buy" rating to a "neutral" rating and cut their price objective for the company from $20.00 to $14.00 in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $23.38.

Mobileye Global Price Performance

Shares of MBLY stock traded up $0.04 during trading hours on Monday, reaching $20.07. The company had a trading volume of 6,207,785 shares, compared to its average volume of 5,224,739. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $43.40. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of -5.50 and a beta of 0.44. The company has a 50 day moving average of $16.55 and a 200 day moving average of $17.57.

Mobileye Global Company 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.