Mandatum Life Insurance Co Ltd Decreases Stock Position in Mobileye Global Inc. (NASDAQ:MBLY)

Mandatum Life Insurance Co Ltd lessened its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 54.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,881 shares of the company’s stock after selling 86,911 shares during the period. Mandatum Life Insurance Co Ltd’s holdings in Mobileye Global were worth $1,432,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BCGM Wealth Management LLC grew its position in shares of Mobileye Global by 178.0% in the third quarter. BCGM Wealth Management LLC now owns 190,595 shares of the company’s stock valued at $2,611,000 after purchasing an additional 122,031 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Mobileye Global by 168.4% during 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 buying an additional 957,565 shares during the period. AXA S.A. lifted its holdings in shares of Mobileye Global by 35.6% in the second quarter. AXA S.A. now owns 518,076 shares of the company’s stock worth $14,550,000 after buying an additional 135,967 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Mobileye Global by 24.2% in the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after acquiring an additional 279,082 shares during the period. Finally, PFG Investments LLC purchased a new position in Mobileye Global during the third quarter valued at approximately $635,000. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MBLY. TD Cowen raised their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group reduced their target price on Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. BNP Paribas downgraded Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a research report on Wednesday, October 2nd. Barclays decreased 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 report on Monday, November 4th. Finally, Canaccord Genuity Group dropped their target price on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.81.

Mobileye Global Trading Down 3.0 %

NASDAQ MBLY opened at $16.02 on Monday. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $34.00. The stock’s fifty day moving average price is $17.82 and its 200-day moving average price is $16.61. The stock has a market cap of $12.99 billion, a P/E ratio of -4.39, a P/E/G ratio of 13.46 and a beta of 0.30.

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.