Paloma Partners Management Co Buys Shares of 189,600 Mobileye Global Inc. (NASDAQ:MBLY)

Paloma Partners Management Co purchased a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 189,600 shares of the company’s stock, valued at approximately $2,598,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rakuten Securities Inc. increased its stake in Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the period. Cranbrook Wealth Management LLC purchased a new position in Mobileye Global in the 2nd quarter worth about $84,000. Quest Partners LLC bought a new stake in Mobileye Global during the 3rd quarter valued at about $102,000. EverSource Wealth Advisors LLC boosted its position in Mobileye Global by 1,019.9% in 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 period. Finally, Guinness Atkinson Asset Management Inc grew its stake in Mobileye Global by 16.9% in the 3rd 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 in the last quarter. 13.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. UBS Group lowered Mobileye Global from a “buy” rating to a “neutral” rating and lowered their price target for the company from $20.00 to $14.00 in a report on Friday, October 4th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $15.00 price objective on shares of Mobileye Global in a report on Tuesday, September 10th. Daiwa America downgraded Mobileye Global from a “strong-buy” rating to a “hold” rating in a report on Monday, August 5th. Evercore ISI reduced their price objective on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Tuesday, November 26th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $23.14.

Mobileye Global Trading Up 0.1 %

Shares of NASDAQ:MBLY opened at $18.05 on Monday. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The company has a market cap of $14.64 billion, a PE ratio of -4.95 and a beta of 0.07. The company’s 50 day moving average is $14.49 and its 200 day moving average is $18.99.

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.