The Manufacturers Life Insurance Company increased its position in Mobileye Global Inc. (NASDAQ:MBLY - Free Report) by 49.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,590,818 shares of the company's stock after buying an additional 4,517,217 shares during the quarter. The Manufacturers Life Insurance Company owned about 1.68% of Mobileye Global worth $186,194,000 at the end of the most recent reporting period.
Other large investors have also bought and sold shares of the company. Qsemble Capital Management LP grew its holdings in shares of Mobileye Global by 543.4% during the 3rd quarter. Qsemble Capital Management LP now owns 57,558 shares of the company's stock valued at $789,000 after acquiring an additional 48,612 shares in the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Mobileye Global by 85.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company's stock worth $22,856,000 after buying an additional 768,169 shares during the period. Charles Schwab Investment Management Inc. grew its position 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 purchasing an additional 957,565 shares during the last quarter. Advisors Asset Management Inc. increased its position in Mobileye Global by 63.3% in the 3rd quarter. Advisors Asset Management Inc. now owns 15,009 shares of the company's stock worth $206,000 after buying an additional 5,819 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Mobileye Global during the 3rd quarter valued at $1,405,000. Institutional investors own 13.25% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have weighed in on MBLY. Mizuho lifted their price target on shares of Mobileye Global from $13.00 to $15.00 and gave the stock a "neutral" rating in a research note on Monday, November 18th. Daiwa Capital Markets cut shares of Mobileye Global from a "buy" rating to a "neutral" rating in a research note on Monday, August 5th. Canaccord Genuity Group dropped their price objective on Mobileye Global from $27.00 to $25.00 and set a "buy" rating for the company in a report on Friday, November 1st. Wolfe Research lowered Mobileye Global from an "outperform" rating to a "peer perform" rating in a research report on Thursday, September 5th. Finally, The Goldman Sachs Group decreased their price objective on shares of Mobileye Global from $24.00 to $20.00 and set a "buy" rating for the company in a report on Tuesday, October 1st. Three 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $23.14.
Check Out Our Latest Stock Analysis on MBLY
Mobileye Global Stock Performance
Shares of NASDAQ MBLY traded up $0.11 during mid-day trading on Wednesday, hitting $18.03. The stock had a trading volume of 3,123,480 shares, compared to its average volume of 5,105,512. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The firm has a market cap of $14.62 billion, a PE ratio of -4.92 and a beta of 0.07. The company has a 50 day moving average of $14.15 and a two-hundred day moving average of $19.14.
Mobileye Global Company Profile
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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.
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