PFG Investments LLC Cuts Position in Mobileye Global Inc. (NASDAQ:MBLY)

PFG Investments LLC trimmed its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 36.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,624 shares of the company’s stock after selling 16,725 shares during the period. PFG Investments LLC’s holdings in Mobileye Global were worth $590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. raised its stake in 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 in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after acquiring an additional 1,131 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in Mobileye Global in the fourth quarter worth about $30,000. Quarry LP bought a new stake in Mobileye Global during the third quarter worth approximately $31,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Mobileye Global during the fourth quarter valued at approximately $58,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MBLY shares. Barclays boosted their target price on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Wednesday, December 11th. BNP Paribas cut shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a research note on Wednesday, October 2nd. Loop Capital raised their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Oppenheimer started coverage on Mobileye Global in a research note on Wednesday, January 15th. They set an “outperform” rating and a $28.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and an average target price of $23.20.

Mobileye Global Stock Down 4.2 %

Mobileye Global stock opened at $16.01 on Thursday. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $34.00. The business has a fifty day moving average of $17.82 and a two-hundred day moving average of $16.09. The firm has a market cap of $12.98 billion, a P/E ratio of -4.39, a P/E/G ratio of 11.65 and a beta of 0.30.

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.