Mobileye Global Inc. (NASDAQ:MBLY) Shares Purchased by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 63.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company raised its position in Mobileye Global by 807.3% during the second quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock valued at $254,832,000 after buying an additional 8,073,552 shares during the period. Tremblant Capital Group purchased a new position in Mobileye Global during the second quarter valued at approximately $15,663,000. Raymond James & Associates increased its stake in Mobileye Global by 81.3% in the 3rd quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock valued at $8,355,000 after buying an additional 273,424 shares during the period. Thornburg Investment Management Inc. boosted its stake in shares of Mobileye Global by 20.0% during the 2nd quarter. Thornburg Investment Management Inc. now owns 1,049,302 shares of the company’s stock valued at $29,465,000 after buying an additional 174,692 shares during the period. Finally, Country Club Bank grew its holdings in shares of Mobileye Global by 139.4% during the 3rd quarter. Country Club Bank now owns 288,867 shares of the company’s stock valued at $4,157,000 after acquiring an additional 168,188 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Up 0.6 %

Shares of NASDAQ MBLY opened at $18.03 on Friday. The business’s 50 day moving average is $14.28 and its two-hundred day moving average is $19.14. The company has a market cap of $14.62 billion, a P/E ratio of -4.94 and a beta of 0.07. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $44.48.

Analyst Ratings Changes

MBLY has been the topic of a number of recent research reports. Barclays lowered their target price on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. UBS Group downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $20.00 to $14.00 in a research report on Friday, October 4th. TD Cowen raised their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Needham & Company LLC reduced their price objective on shares of Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Fox Advisors downgraded shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $23.14.

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.