Centiva Capital LP Purchases 48,673 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Centiva Capital LP grew its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 128.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,463 shares of the company’s stock after purchasing an additional 48,673 shares during the quarter. Centiva Capital LP’s holdings in Mobileye Global were worth $1,185,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its holdings in Mobileye Global by 140.2% during the 3rd 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 last quarter. Cranbrook Wealth Management LLC bought a new position in Mobileye Global during the 2nd quarter worth approximately $84,000. EverSource Wealth Advisors LLC increased its stake in shares of Mobileye Global by 1,019.9% in 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 in the last quarter. Headlands Technologies LLC bought a new stake in shares of Mobileye Global in the 2nd quarter valued at $147,000. Finally, B. Riley Wealth Advisors Inc. increased its stake in shares of Mobileye Global by 24.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock valued at $203,000 after acquiring an additional 1,248 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

MBLY opened at $17.08 on Thursday. The firm’s fifty day moving average price is $14.68 and its two-hundred day moving average price is $18.77. The company has a market capitalization of $13.85 billion, a price-to-earnings ratio of -4.81 and a beta of 0.44. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $44.48.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Evercore ISI lowered their price objective on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a research note on Wednesday, October 2nd. UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $14.00 in a research note on Friday, October 4th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $11.00 price objective on shares of Mobileye Global in a research note on Tuesday, November 26th. Finally, Mizuho lifted their price target on shares of Mobileye Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $23.14.

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.