Advisors Asset Management Inc. Purchases 5,819 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Advisors Asset Management Inc. increased its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 63.3% during the third quarter, HoldingsChannel.com reports. The firm owned 15,009 shares of the company’s stock after buying an additional 5,819 shares during the period. Advisors Asset Management Inc.’s holdings in Mobileye Global were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Rakuten Securities Inc. increased its position in shares of Mobileye Global by 140.2% during the third 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 during the period. Cranbrook Wealth Management LLC bought a new stake in shares of Mobileye Global during the second quarter valued at approximately $84,000. EverSource Wealth Advisors LLC increased its position 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 valued at $107,000 after purchasing an additional 3,478 shares during the period. Headlands Technologies LLC bought a new stake in shares of Mobileye Global during the second quarter valued at approximately $147,000. Finally, B. Riley Wealth Advisors Inc. grew its position in Mobileye Global by 24.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock valued at $203,000 after acquiring an additional 1,248 shares during the period. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Trading Up 0.6 %

NASDAQ:MBLY opened at $18.03 on Friday. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $44.48. The business’s 50-day moving average price is $14.28 and its two-hundred day moving average price is $19.14. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of -4.94 and a beta of 0.07.

Analyst Upgrades and Downgrades

MBLY has been the topic of a number of analyst reports. Daiwa America cut Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Daiwa Capital Markets cut Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. The Goldman Sachs Group lowered their price target on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. BNP Paribas cut Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a research report on Wednesday, October 2nd. Finally, UBS Group cut Mobileye Global from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $14.00 in a research report on Friday, October 4th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $23.14.

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.