47,713 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Acquired by Drive Wealth Management LLC

Drive Wealth Management LLC purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 47,713 shares of the company’s stock, valued at approximately $950,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MBLY. Rakuten Securities Inc. raised its stake in Mobileye Global by 140.2% during 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 in the last quarter. Versant Capital Management Inc grew its holdings in shares of Mobileye Global by 580.0% during the fourth quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares during the last quarter. Daymark Wealth Partners LLC increased its position in shares of Mobileye Global by 10.9% during the fourth quarter. Daymark Wealth Partners LLC now owns 11,692 shares of the company’s stock worth $233,000 after purchasing an additional 1,147 shares in the last quarter. Guinness Atkinson Asset Management Inc lifted its holdings in shares of Mobileye Global by 16.9% in the 3rd quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after purchasing an additional 1,257 shares during the last quarter. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on MBLY. Canaccord Genuity Group reduced their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research note on Friday, November 1st. TD Cowen increased their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho lifted their price objective on shares of Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Barclays increased their target price on shares of Mobileye Global from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Robert W. Baird boosted their price target on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.20.

Mobileye Global Stock Performance

Shares of MBLY opened at $16.54 on Monday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $34.00. The company has a 50-day moving average of $17.86 and a two-hundred day moving average of $16.23.

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.