Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by US Bancorp DE

US Bancorp DE lowered its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 68.1% during the third quarter, Holdings Channel reports. The firm owned 227,808 shares of the company’s stock after selling 487,331 shares during the period. US Bancorp DE’s holdings in Mobileye Global were worth $3,121,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Mobileye Global during the first quarter worth approximately $1,294,000. AXA S.A. grew 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 during the last quarter. Raymond James & Associates grew its position 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 worth $9,448,000 after acquiring an additional 242,640 shares during the last quarter. M&G Plc grew its position in shares of Mobileye Global by 8.9% during the second quarter. M&G Plc now owns 1,350,945 shares of the company’s stock worth $37,826,000 after acquiring an additional 110,032 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in shares of Mobileye Global during the third quarter worth approximately $635,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MBLY. Fox Advisors lowered shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Evercore ISI lowered their price objective on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. Canaccord Genuity Group lowered their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. HSBC started coverage on shares of Mobileye Global in a research report on Monday, July 15th. They issued a “buy” rating and a $33.00 price objective on the stock. Finally, Royal Bank of Canada lowered shares of Mobileye Global from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $24.00 to $11.00 in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and a consensus price target of $23.20.

Mobileye Global Stock Up 4.5 %

NASDAQ:MBLY opened at $15.23 on Wednesday. The company has a market capitalization of $12.32 billion, a PE ratio of -4.17 and a beta of 0.07. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $44.48. The stock has a fifty day simple moving average of $12.78 and a 200-day simple moving average of $20.57.

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.