Mobileye Global Inc. (NASDAQ:MBLY) Stock Position Decreased by Fmr LLC

Fmr LLC cut its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,067,784 shares of the company’s stock after selling 33,049 shares during the period. Fmr LLC’s holdings in Mobileye Global were worth $14,629,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MBLY. Rakuten Securities Inc. increased its holdings in shares of Mobileye Global by 140.2% during the 3rd 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 during the last quarter. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global during the 2nd quarter valued at about $84,000. Quest Partners LLC acquired a new position in shares of Mobileye Global during the 3rd quarter valued at about $102,000. EverSource Wealth Advisors LLC increased its holdings in shares of Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after acquiring an additional 3,478 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its holdings in shares of Mobileye Global by 16.9% during the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after acquiring an additional 1,257 shares during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Shares of MBLY opened at $16.98 on Wednesday. The stock has a fifty day moving average price of $15.03 and a two-hundred day moving average price of $18.41. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $44.48. The company has a market cap of $13.77 billion, a price-to-earnings ratio of -4.65 and a beta of 0.43.

Analyst Ratings Changes

MBLY has been the topic of a number of research analyst 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 report on Monday, November 4th. The Goldman Sachs Group lowered their target price on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. TD Cowen raised their target price on Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $15.00 target price on shares of Mobileye Global in a report on Tuesday, September 10th. Finally, BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research report on Wednesday, October 2nd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Mobileye Global has an average rating of “Hold” and a consensus price target of $23.24.

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.