Impax Asset Management Group plc Invests $871,000 in Mobileye Global Inc. (NASDAQ:MBLY)

Impax Asset Management Group plc purchased a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 63,573 shares of the company’s stock, valued at approximately $871,000.

A number of other institutional investors also recently bought and sold shares of the stock. Rakuten Securities Inc. lifted its holdings in shares of Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after acquiring an additional 1,061 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Mobileye Global in the third quarter worth about $550,000. Entropy Technologies LP boosted its position in shares of Mobileye Global by 102.8% during the third quarter. Entropy Technologies LP now owns 18,658 shares of the company’s stock valued at $256,000 after buying an additional 9,459 shares during the period. Patten & Patten Inc. TN grew its stake in shares of Mobileye Global by 5.8% during the third quarter. Patten & Patten Inc. TN now owns 103,150 shares of the company’s stock valued at $1,413,000 after buying an additional 5,620 shares during the last quarter. Finally, Atria Investments Inc raised its holdings in shares of Mobileye Global by 168.7% in the third quarter. Atria Investments Inc now owns 26,860 shares of the company’s stock worth $368,000 after buying an additional 16,862 shares during the period. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Trading Down 3.2 %

Shares of Mobileye Global stock opened at $14.99 on Friday. The firm’s 50 day simple moving average is $13.26 and its two-hundred day simple moving average is $19.78. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of -4.11 and a beta of 0.07. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $44.48.

Wall Street Analyst Weigh In

MBLY has been the subject of several research analyst reports. Daiwa America downgraded Mobileye Global from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 5th. Evercore ISI lowered their price objective on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Robert W. Baird raised their target price on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada lowered Mobileye Global from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $24.00 to $11.00 in a report on Tuesday, October 15th. Finally, Needham & Company LLC decreased their price objective on Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.05.

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.