iA Global Asset Management Inc. Boosts Position in Mobileye Global Inc. (NASDAQ:MBLY)

iA Global Asset Management Inc. raised its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 76.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,031 shares of the company’s stock after buying an additional 8,675 shares during the quarter. iA Global Asset Management Inc.’s holdings in Mobileye Global were worth $644,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. TD Asset Management Inc grew its holdings in Mobileye Global by 59.2% during the 4th quarter. TD Asset Management Inc now owns 140,083 shares of the company’s stock valued at $6,068,000 after buying an additional 52,088 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in Mobileye Global during the first quarter valued at approximately $1,294,000. Pinebridge Investments L.P. grew its stake in Mobileye Global by 70.4% in the 4th quarter. Pinebridge Investments L.P. now owns 243,265 shares of the company’s stock worth $10,537,000 after buying an additional 100,494 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Mobileye Global by 15.2% during the 4th quarter. Wells Fargo & Company MN now owns 263,855 shares of the company’s stock valued at $11,430,000 after buying an additional 34,763 shares in the last quarter. Finally, Assetmark Inc. raised its position in shares of Mobileye Global by 2.2% during the 4th quarter. Assetmark Inc. now owns 108,331 shares of the company’s stock valued at $4,693,000 after buying an additional 2,346 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on MBLY shares. Wolfe Research upgraded shares of Mobileye Global from a “peer perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a research report on Friday, April 12th. UBS Group lowered their price objective on shares of Mobileye Global from $36.00 to $33.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Fox Advisors cut shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday. Piper Sandler raised their price objective on shares of Mobileye Global from $31.00 to $32.00 and gave the company a “neutral” rating in a research report on Friday, April 26th. Finally, TD Cowen raised their price objective on shares of Mobileye Global from $35.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Mobileye Global currently has a consensus rating of “Moderate Buy” and an average target price of $36.67.

Mobileye Global Price Performance

Mobileye Global stock traded down $4.72 during trading hours on Thursday, reaching $16.28. The stock had a trading volume of 28,111,263 shares, compared to its average volume of 4,354,246. The company has a fifty day simple moving average of $26.33 and a 200-day simple moving average of $27.81. The stock has a market cap of $13.13 billion, a PE ratio of -75.57, a PEG ratio of 31.11 and a beta of 0.07. Mobileye Global Inc. has a 52 week low of $15.21 and a 52 week high of $44.48.

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.