Northwest & Ethical Investments L.P. Acquires New Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Northwest & Ethical Investments L.P. bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 60,200 shares of the company’s stock, valued at approximately $825,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. raised its stake 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 valued at $25,000 after acquiring an additional 1,061 shares during the last quarter. Cranbrook Wealth Management LLC acquired a new stake in Mobileye Global in the second quarter valued at $84,000. Quest Partners LLC bought a new position in Mobileye Global during the 3rd quarter worth $102,000. EverSource Wealth Advisors LLC lifted its holdings in Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after buying an additional 3,478 shares during the period. Finally, Guinness Atkinson Asset Management Inc grew its position 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 buying an additional 1,257 shares during the last quarter. 13.25% of the stock is owned by institutional investors.

Mobileye Global Price Performance

MBLY opened at $18.05 on Friday. The firm has a market capitalization of $14.64 billion, a PE ratio of -4.95 and a beta of 0.07. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $44.48. The company’s 50-day moving average is $14.37 and its 200 day moving average is $19.13.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MBLY shares. BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target for the company. in a report on Wednesday, October 2nd. Wolfe Research lowered shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a report on Thursday, September 5th. TD Cowen upped their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Robert W. Baird lifted their price objective on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Finally, Mizuho upped their target price on Mobileye Global from $13.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global presently has an average rating of “Hold” and an average target price of $23.14.

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.