Mobileye Global (NASDAQ:MBLY) Trading 2.1% Higher – What’s Next?

Mobileye Global Inc. (NASDAQ:MBLY)’s stock price traded up 2.1% during trading on Friday . The stock traded as high as $19.89 and last traded at $19.88. Approximately 2,977,792 shares were traded during trading, a decline of 43% from the average session volume of 5,209,533 shares. The stock had previously closed at $19.47.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. UBS Group downgraded Mobileye Global from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $14.00 in a research report on Friday, October 4th. 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 report on Wednesday, October 2nd. Canaccord Genuity Group cut their price target on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Barclays lowered their price objective 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Mobileye Global in a report on Wednesday, December 11th. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Mobileye Global currently has a consensus rating of “Hold” and an average price target of $23.38.

Mobileye Global Trading Up 2.4 %

The stock has a market capitalization of $16.16 billion, a P/E ratio of -5.46 and a beta of 0.44. The stock’s 50-day moving average price is $16.41 and its two-hundred day moving average price is $17.82.

Institutional Trading of Mobileye Global

A number of large investors have recently bought and sold shares of MBLY. BCGM Wealth Management LLC increased its holdings in Mobileye Global by 178.0% in the 3rd quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock worth $2,611,000 after acquiring an additional 122,031 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Mobileye Global by 168.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after purchasing an additional 957,565 shares during the period. AXA S.A. lifted its stake in shares of Mobileye Global by 35.6% during the 2nd quarter. AXA S.A. now owns 518,076 shares of the company’s stock valued at $14,550,000 after buying an additional 135,967 shares in the last quarter. PFG Investments LLC bought a new position in Mobileye Global in the 3rd quarter worth approximately $635,000. Finally, Select Equity Group L.P. grew its stake in Mobileye Global by 74.6% in the 2nd quarter. Select Equity Group L.P. now owns 237,137 shares of the company’s stock valued at $6,660,000 after buying an additional 101,350 shares in the last quarter. 13.25% of the stock is 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.