TCW Group Inc. Has $5.65 Million Position in Mobileye Global Inc. (NASDAQ:MBLY)

TCW Group Inc. boosted its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 412,651 shares of the company’s stock after purchasing an additional 3,388 shares during the quarter. TCW Group Inc. owned about 0.05% of Mobileye Global worth $5,653,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MBLY. BCGM Wealth Management LLC lifted its holdings in shares of Mobileye Global by 178.0% in the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 buying an additional 957,565 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Mobileye Global by 258.7% during the second quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock valued at $9,448,000 after buying an additional 242,640 shares during the last quarter. AXA S.A. increased its position in shares of Mobileye Global by 35.6% during the second quarter. AXA S.A. now owns 518,076 shares of the company’s stock worth $14,550,000 after acquiring an additional 135,967 shares in the last quarter. Finally, PFG Investments LLC bought a new position in Mobileye Global in the 3rd quarter valued at about $635,000. 13.25% of the stock is owned by institutional investors.

Mobileye Global Stock Up 0.4 %

Shares of NASDAQ:MBLY opened at $17.04 on Thursday. The firm’s 50 day moving average price is $15.11 and its 200-day moving average price is $18.40. The stock has a market capitalization of $13.82 billion, a PE ratio of -4.67 and a beta of 0.43. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48.

Analyst Ratings Changes

A number of brokerages have issued reports on MBLY. TD Cowen upped their price objective on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 target price on shares of Mobileye Global in a research note on Thursday, December 5th. BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a report on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.00 target price (down previously from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and an average target price of $23.24.

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.