Mobileye Global Inc. (NASDAQ:MBLY) Stake Lessened by Guinness Atkinson Asset Management Inc

Guinness Atkinson Asset Management Inc trimmed its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 20.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,960 shares of the company’s stock after selling 1,740 shares during the quarter. Guinness Atkinson Asset Management Inc’s holdings in Mobileye Global were worth $139,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Rakuten Securities Inc. lifted its position in shares of Mobileye Global by 140.2% during 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 last quarter. Versant Capital Management Inc raised its stake in Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock valued at $26,000 after buying an additional 1,131 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Mobileye Global during the 4th quarter worth approximately $30,000. Quarry LP acquired a new position in shares of Mobileye Global in the 3rd quarter worth approximately $31,000. Finally, Quest Partners LLC bought a new stake in shares of Mobileye Global in the 3rd quarter valued at approximately $102,000. 13.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MBLY has been the topic of several research analyst reports. BNP Paribas cut Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a research note on Wednesday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Mobileye Global in a research report on Wednesday, December 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a research note on Thursday, December 5th. Oppenheimer began coverage on shares of Mobileye Global in a report on Wednesday, January 15th. They issued an “outperform” rating and a $28.00 target price on the stock. Finally, Mizuho upped their target price on Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $23.81.

Mobileye Global Trading Down 3.0 %

NASDAQ MBLY opened at $16.02 on Monday. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $34.00. The company’s 50 day simple moving average is $17.82 and its 200 day simple moving average is $16.61.

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.