Private Advisor Group LLC grew its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY – Free Report) by 28.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 353,706 shares of the company’s stock after buying an additional 77,587 shares during the period. Private Advisor Group LLC’s holdings in Mobileye Global were worth $2,430,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Y Intercept Hong Kong Ltd grew its position in Mobileye Global by 977.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 218,016 shares of the company’s stock worth $1,498,000 after buying an additional 197,781 shares in the last quarter. Leonteq Securities AG lifted its position in shares of Mobileye Global by 1,946.2% in the 1st quarter. Leonteq Securities AG now owns 64,986 shares of the company’s stock worth $446,000 after acquiring an additional 61,810 shares during the period. Keybank National Association OH bought a new stake in shares of Mobileye Global in the 1st quarter worth approximately $136,000. Impact Partnership Wealth LLC acquired a new stake in shares of Mobileye Global during the 1st quarter worth approximately $81,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Mobileye Global by 80.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 134,026 shares of the company’s stock worth $921,000 after purchasing an additional 59,676 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.
Mobileye Global Trading Up 4.3%
Mobileye Global stock opened at $9.53 on Friday. The company has a market cap of $8.02 billion, a PE ratio of -1.89 and a beta of 1.16. Mobileye Global Inc. has a 1 year low of $6.47 and a 1 year high of $17.12. The company’s 50-day moving average is $9.43 and its two-hundred day moving average is $9.11.
Mobileye Global announced that its Board of Directors has approved a stock repurchase plan on Thursday, April 23rd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Analyst Ratings Changes
MBLY has been the subject of a number of recent research reports. Berenberg Bank lowered Mobileye Global from a “buy” rating to a “hold” rating and set a $10.80 target price for the company. in a research note on Thursday, May 21st. Barclays decreased their price target on shares of Mobileye Global from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Monday, March 30th. Weiss Ratings raised shares of Mobileye Global from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. The Goldman Sachs Group increased their price objective on shares of Mobileye Global from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, April 24th. Finally, TD Cowen raised their price objective on shares of Mobileye Global from $8.50 to $10.00 and gave the stock a “buy” rating in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Mobileye Global presently has an average rating of “Hold” and an average price target of $13.77.
Get Our Latest Analysis on Mobileye Global
Mobileye Global Profile
Mobileye Global Inc (NASDAQ: MBLY) is a leader in the development of advanced driver-assistance systems (ADAS) and autonomous driving technologies. Headquartered in Jerusalem, Israel, the company designs and supplies computer vision-based solutions that enable vehicles to detect and respond to road conditions, obstacles and signage. Mobileye’s core offering centers on its proprietary EyeQ system-on-a-chip (SoC) family, which processes video streams from automotive cameras to deliver features such as lane-keeping assist, adaptive cruise control, collision prevention and traffic sign recognition.
Founded in 1999 by Prof.
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