State Street Corp Sells 82,327 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

State Street Corp lessened its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 18.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 352,812 shares of the company’s stock after selling 82,327 shares during the period. State Street Corp’s holdings in Mobileye Global were worth $4,834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rakuten Securities Inc. raised its stake 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 acquiring an additional 1,061 shares in the last quarter. Quarry LP bought a new stake in Mobileye Global during the 3rd quarter valued at $31,000. Cranbrook Wealth Management LLC purchased a new stake in shares of Mobileye Global in the 2nd quarter worth $84,000. Quest Partners LLC bought a new position in shares of Mobileye Global during the 3rd quarter worth $102,000. Finally, EverSource Wealth Advisors LLC increased its stake 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 buying an additional 3,478 shares during the period. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

NASDAQ MBLY opened at $20.03 on Monday. The stock’s fifty day moving average price is $16.55 and its 200 day moving average price is $17.65. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $44.48. The company has a market cap of $16.25 billion, a price-to-earnings ratio of -5.49 and a beta of 0.44.

Analysts Set New Price Targets

MBLY has been the subject of a number of research reports. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research note on Wednesday, December 11th. BNP Paribas lowered 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. UBS Group lowered Mobileye Global from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $14.00 in a report on Friday, October 4th. Finally, Mizuho lifted their price target on Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Mobileye Global has a consensus rating of “Hold” and an average price target of $23.38.

About Mobileye Global

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.