Entropy Technologies LP Purchases 9,459 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Entropy Technologies LP boosted its position in Mobileye Global Inc. (NASDAQ:MBLY) by 102.8% in the third quarter, HoldingsChannel reports. The firm owned 18,658 shares of the company’s stock after buying an additional 9,459 shares during the quarter. Entropy Technologies LP’s holdings in Mobileye Global were worth $256,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sei Investments Co. grew its holdings in shares of Mobileye Global by 11.6% in the first quarter. Sei Investments Co. now owns 144,060 shares of the company’s stock valued at $4,632,000 after acquiring an additional 14,949 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Mobileye Global in the first quarter worth $1,723,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in Mobileye Global in the 1st quarter valued at $1,294,000. Vanguard Group Inc. increased its position in shares of Mobileye Global by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 1,175,404 shares of the company’s stock valued at $37,789,000 after purchasing an additional 17,692 shares during the last quarter. Finally, Thornburg Investment Management Inc. bought a new stake in shares of Mobileye Global during the 1st quarter worth $28,105,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Down 3.2 %

Shares of MBLY opened at $14.99 on Friday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $44.48. The company has a market cap of $12.16 billion, a PE ratio of -4.11 and a beta of 0.07. The stock has a 50-day moving average price of $13.26 and a 200-day moving average price of $19.78.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on MBLY shares. BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a report on Wednesday, October 2nd. Fox Advisors cut shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 1st. Needham & Company LLC reduced their price objective on Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a report on Friday, November 1st. Robert W. Baird boosted their target price on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Daiwa Capital Markets cut Mobileye Global from a “buy” rating to a “neutral” rating in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $23.05.

Mobileye Global 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.