Mobileye Global (NASDAQ:MBLY) Trading Up 5.2% – Still a Buy?

Mobileye Global Inc. (NASDAQ:MBLY) shares traded up 5.2% during trading on Tuesday . The stock traded as high as $19.83 and last traded at $19.78. 3,030,811 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 5,166,378 shares. The stock had previously closed at $18.80.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MBLY shares. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Mobileye Global in a report on Wednesday, December 11th. Barclays lowered their target price on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research note on Monday, November 4th. Evercore ISI decreased their price objective on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Mizuho raised their target price on shares of Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $15.00 price target on shares of Mobileye Global in a research note on Tuesday, September 10th. 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 company. According to data from MarketBeat.com, Mobileye Global has an average rating of “Hold” and a consensus target price of $23.24.

Mobileye Global Trading Up 5.2 %

The business’s 50-day moving average price is $15.44 and its 200-day moving average price is $18.18. The stock has a market cap of $16.03 billion, a PE ratio of -5.15 and a beta of 0.44.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. increased its holdings 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 valued at $25,000 after purchasing an additional 1,061 shares during the last quarter. Guinness Atkinson Asset Management Inc raised its stake in Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after purchasing an additional 1,257 shares during the period. Levin Capital Strategies L.P. raised its position in shares of Mobileye Global by 11.1% during the 2nd quarter. Levin Capital Strategies L.P. now owns 14,441 shares of the company’s stock valued at $406,000 after buying an additional 1,441 shares during the period. Tidal Investments LLC grew its position in Mobileye Global by 4.6% in the third quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after acquiring an additional 1,617 shares during the period. Finally, Blair William & Co. IL grew its holdings in shares of Mobileye Global by 29.1% during the 2nd quarter. Blair William & Co. IL now owns 8,869 shares of the company’s stock worth $249,000 after purchasing an additional 1,999 shares during the period. 13.25% of the stock is currently owned by hedge funds and other institutional investors.

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.