Sanctuary Advisors LLC Makes New Investment in Mobileye Global Inc. (NASDAQ:MBLY)

Sanctuary Advisors LLC acquired a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the third quarter, HoldingsChannel reports. The fund acquired 19,925 shares of the company’s stock, valued at approximately $273,000.

A number of other hedge funds also recently made changes to their positions in MBLY. Rakuten Securities Inc. boosted its position in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the period. Quarry LP purchased a new position in Mobileye Global during the third quarter valued at $31,000. Cranbrook Wealth Management LLC bought a new stake in Mobileye Global in the 2nd quarter valued at $84,000. Quest Partners LLC purchased a new stake in shares of Mobileye Global in the third quarter worth about $102,000. Finally, EverSource Wealth Advisors LLC boosted its position 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. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Performance

NASDAQ:MBLY opened at $20.03 on Friday. The firm has a 50-day simple moving average of $16.55 and a 200-day simple moving average of $17.65. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $44.48. The firm has a market cap of $16.25 billion, a P/E ratio of -5.49 and a beta of 0.44.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Robert W. Baird increased their price target on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. TD Cowen lifted their target price on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Mobileye Global in a report on Wednesday, December 11th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Finally, BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a research note on Wednesday, October 2nd. Three analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $23.38.

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.