Quarry LP Acquires New Position in Mobileye Global Inc. (NASDAQ:MBLY)

Quarry LP bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,233 shares of the company’s stock, valued at approximately $31,000.

Several other hedge funds also recently made changes to their positions in MBLY. Rakuten Securities Inc. raised its position in shares of Mobileye Global by 140.2% during the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after acquiring an additional 1,061 shares in the last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Mobileye Global during the second quarter worth $84,000. Quest Partners LLC acquired a new position in shares of Mobileye Global in the 3rd quarter valued at about $102,000. EverSource Wealth Advisors LLC grew its position in shares of Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after buying an additional 3,478 shares during the last quarter. Finally, Guinness Atkinson Asset Management Inc raised its stake in Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock worth $119,000 after acquiring an additional 1,257 shares during the period. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Trading Up 4.0 %

NASDAQ:MBLY opened at $17.72 on Friday. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The company has a 50-day moving average of $15.22 and a 200-day moving average of $18.40. The firm has a market cap of $14.37 billion, a price-to-earnings ratio of -4.85 and a beta of 0.43.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. JPMorgan Chase & Co. restated an “underweight” rating and issued a $10.00 target price (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Wednesday. BNP Paribas downgraded shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a report on Wednesday, October 2nd. Finally, Loop Capital started coverage on shares of Mobileye Global in a report on Tuesday, November 12th. They issued a “buy” rating and a $20.00 price objective on the stock. Three analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Mobileye Global presently has a consensus rating of “Hold” and a consensus price target of $23.24.

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.