Mobileye Global (NASDAQ:MBLY) Trading Up 5.2% – Here’s What Happened

Mobileye Global Inc. (NASDAQ:MBLY)’s share price rose 5.2% during mid-day trading on Friday . The company traded as high as $21.32 and last traded at $21.06. Approximately 988,450 shares changed hands during mid-day trading, a decline of 72% from the average daily volume of 3,468,488 shares. The stock had previously closed at $20.02.

Analyst Ratings Changes

A number of research firms recently commented on MBLY. Evercore ISI lowered their price target 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. BNP Paribas cut shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a report on Wednesday, October 2nd. Barclays cut their price target on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 price objective on shares of Mobileye Global in a research note on Tuesday, September 10th. Finally, Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and a consensus price target of $23.45.

Mobileye Global Stock Performance

The company has a market cap of $17.60 billion, a price-to-earnings ratio of -5.95 and a beta of 0.30. The company has a fifty day moving average of $17.30 and a two-hundred day moving average of $17.38.

Institutional Trading of Mobileye Global

Hedge funds have recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in Mobileye Global by 39.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 14,544 shares of the company’s stock valued at $408,000 after buying an additional 4,141 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Mobileye Global by 67.8% in the second quarter. Van ECK Associates Corp now owns 15,434 shares of the company’s stock worth $433,000 after purchasing an additional 6,234 shares during the last quarter. TD Asset Management Inc increased its holdings in Mobileye Global by 182.9% in the second quarter. TD Asset Management Inc now owns 41,467 shares of the company’s stock valued at $1,165,000 after purchasing an additional 26,809 shares during the period. Prudential PLC raised its position in Mobileye Global by 16.1% during the 2nd quarter. Prudential PLC now owns 20,609 shares of the company’s stock worth $579,000 after purchasing an additional 2,858 shares during the last quarter. Finally, Levin Capital Strategies L.P. lifted its holdings in Mobileye Global by 11.1% during the 2nd quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock worth $406,000 after buying an additional 1,441 shares during the period. 13.25% of the stock is owned by institutional investors and hedge funds.

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.