Illinois Municipal Retirement Fund Buys Shares of 15,523 Mobileye Global Inc. (NASDAQ:MBLY)

Illinois Municipal Retirement Fund bought a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,523 shares of the company’s stock, valued at approximately $672,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MBLY. CWM LLC bought a new position in shares of Mobileye Global during the third quarter valued at approximately $25,000. Golden State Equity Partners bought a new position in shares of Mobileye Global during the third quarter valued at approximately $208,000. Commonwealth Equity Services LLC increased its stake in shares of Mobileye Global by 20.5% during the third quarter. Commonwealth Equity Services LLC now owns 15,489 shares of the company’s stock valued at $644,000 after purchasing an additional 2,640 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Mobileye Global by 25.9% during the third quarter. Bank of New York Mellon Corp now owns 1,885,263 shares of the company’s stock valued at $78,333,000 after purchasing an additional 388,109 shares in the last quarter. Finally, S. R. Schill & Associates increased its stake in shares of Mobileye Global by 7.6% during the third quarter. S. R. Schill & Associates now owns 12,005 shares of the company’s stock valued at $499,000 after purchasing an additional 848 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

MBLY has been the subject of several analyst reports. Mizuho reduced their price target on shares of Mobileye Global from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, January 26th. Barclays reduced their price target on shares of Mobileye Global from $46.00 to $43.00 and set an “overweight” rating for the company in a research report on Friday, January 26th. Needham & Company LLC reissued a “buy” rating and set a $36.00 price target on shares of Mobileye Global in a research report on Friday. JPMorgan Chase & Co. raised their price target on shares of Mobileye Global from $34.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Royal Bank of Canada reduced their price target on shares of Mobileye Global from $45.00 to $39.00 and set an “outperform” rating for the company in a research report on Friday, January 26th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, Mobileye Global currently has an average rating of “Moderate Buy” and a consensus price target of $40.58.

Mobileye Global Trading Down 4.1 %

Shares of Mobileye Global stock opened at $28.00 on Tuesday. The company’s fifty day simple moving average is $29.27 and its 200-day simple moving average is $33.27. Mobileye Global Inc. has a 1-year low of $23.49 and a 1-year high of $47.41.

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.