International Assets Investment Management LLC Acquires 1,748 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

International Assets Investment Management LLC increased its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 163.7% during the 4th quarter, Holdings Channel reports. The firm owned 2,816 shares of the company’s stock after purchasing an additional 1,748 shares during the quarter. International Assets Investment Management LLC’s holdings in Mobileye Global were worth $122,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Barclays PLC purchased a new stake in shares of Mobileye Global during the 3rd quarter valued at $211,000. Natixis Advisors L.P. boosted its stake in shares of Mobileye Global by 166.9% in the 3rd quarter. Natixis Advisors L.P. now owns 87,547 shares of the company’s stock valued at $3,638,000 after purchasing an additional 54,745 shares in the last quarter. TrueMark Investments LLC bought a new position in shares of Mobileye Global during the 4th quarter valued at $1,662,000. Platinum Investment Management Ltd. raised its position in Mobileye Global by 207.4% in the 3rd quarter. Platinum Investment Management Ltd. now owns 998,827 shares of the company’s stock worth $41,501,000 after purchasing an additional 673,906 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in Mobileye Global in the third quarter worth $35,374,000. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Stock Performance

Shares of NASDAQ:MBLY opened at $28.00 on Tuesday. The firm has a market capitalization of $22.57 billion, a P/E ratio of -133.33, a P/E/G ratio of 13.57 and a beta of -0.22. The stock has a 50 day moving average price of $29.27 and a 200-day moving average price of $33.27. Mobileye Global Inc. has a 52-week low of $23.49 and a 52-week high of $47.41.

Analysts Set New Price Targets

Several research firms have recently commented on MBLY. Robert W. Baird decreased their price objective on Mobileye Global from $43.00 to $42.00 and set an “outperform” rating on the stock in a report on Friday, January 26th. Bank of America cut Mobileye Global from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $47.00 to $22.00 in a research note on Thursday, January 4th. Citigroup dropped their price objective on Mobileye Global from $58.00 to $53.00 and set a “buy” rating for the company in a research note on Monday. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 target price on shares of Mobileye Global in a research note on Friday. Finally, Royal Bank of Canada dropped 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 issued a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.58.

Mobileye Global Profile

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.