HighTower Advisors LLC Increases Stake in Mobileye Global Inc. (NASDAQ:MBLY)

HighTower Advisors LLC raised its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 141.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,302 shares of the company’s stock after buying an additional 14,829 shares during the period. HighTower Advisors LLC’s holdings in Mobileye Global were worth $345,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Raymond James & Associates boosted its holdings in Mobileye Global by 258.7% in the second quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock valued at $9,448,000 after purchasing an additional 242,640 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Mobileye Global by 4.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,347,269 shares of the company’s stock valued at $65,923,000 after buying an additional 94,946 shares during the period. Verdence Capital Advisors LLC grew its position in shares of Mobileye Global by 14.0% during the second quarter. Verdence Capital Advisors LLC now owns 16,498 shares of the company’s stock worth $463,000 after buying an additional 2,031 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Mobileye Global by 4.5% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 682,459 shares of the company’s stock worth $19,167,000 after buying an additional 29,470 shares during the period. Finally, Peregrine Capital Management LLC raised its holdings in Mobileye Global by 2.0% in the second quarter. Peregrine Capital Management LLC now owns 1,100,747 shares of the company’s stock valued at $30,914,000 after acquiring an additional 21,938 shares in the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MBLY. UBS Group downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $14.00 in a research report on Friday, October 4th. Mizuho increased their target price on Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Canaccord Genuity Group decreased their price target on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $15.00 price objective on shares of Mobileye Global in a report on Tuesday, September 10th. Finally, Barclays decreased their target price on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, November 4th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global currently has an average rating of “Hold” and an average target price of $23.38.

Mobileye Global Stock Performance

Shares of Mobileye Global stock opened at $17.51 on Monday. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $44.48. The business has a 50 day moving average price of $15.89 and a 200 day moving average price of $18.01.

Mobileye Global Company 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.