Mobileye Global (NASDAQ:MBLY) Trading 3.7% Higher After Analyst Upgrade

Mobileye Global Inc. (NASDAQ:MBLY) rose 3.7% on Thursday after UBS Group raised their price target on the stock from $14.00 to $17.00. UBS Group currently has a neutral rating on the stock. Mobileye Global traded as high as $17.60 and last traded at $17.35. Approximately 755,694 shares were traded during mid-day trading, a decline of 92% from the average daily volume of 9,376,765 shares. The stock had previously closed at $16.73.

Several other equities research analysts have also weighed in on MBLY. The Goldman Sachs Group cut their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Mizuho lifted their target price on Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.00 price target (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Robert W. Baird lifted their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Evercore ISI lowered their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Mobileye Global currently has an average rating of “Hold” and an average target price of $23.81.

Institutional Trading of Mobileye Global

Institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in Mobileye Global by 49.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock valued at $186,194,000 after acquiring an additional 4,517,217 shares during the period. Loomis Sayles & Co. L P increased its holdings in Mobileye Global by 85.3% in the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after purchasing an additional 768,169 shares during the period. Charles Schwab Investment Management Inc. raised 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 worth $20,909,000 after acquiring an additional 957,565 shares during the last quarter. Geode Capital Management LLC raised its holdings in Mobileye Global by 24.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after purchasing an additional 279,082 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Mobileye Global by 81.3% during the third quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock worth $8,355,000 after buying an additional 273,424 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

The company has a market capitalization of $12.99 billion, a price-to-earnings ratio of -4.39, a P/E/G ratio of 13.46 and a beta of 0.30. The business has a 50 day moving average price of $17.82 and a 200-day moving average price of $16.76.

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.