Virtu Financial LLC Invests $229,000 in Mobileye Global Inc. (NASDAQ:MBLY)

Virtu Financial LLC bought a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the third quarter, Holdings Channel.com reports. The institutional investor bought 16,736 shares of the company’s stock, valued at approximately $229,000.

A number of other large investors have also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its holdings in shares of Mobileye Global by 140.2% in the 3rd 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. Quarry LP acquired a new position in Mobileye Global during the third quarter valued at $31,000. Cranbrook Wealth Management LLC purchased a new stake in Mobileye Global in the second quarter valued at $84,000. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 3,478 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Mobileye Global during the 2nd quarter valued at about $147,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Up 4.5 %

NASDAQ:MBLY opened at $19.64 on Wednesday. The company has a market cap of $15.93 billion, a P/E ratio of -5.38 and a beta of 0.44. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The company’s 50-day moving average price is $15.58 and its 200-day moving average price is $18.14.

Analyst Ratings Changes

Several brokerages recently weighed in on MBLY. Loop Capital began coverage on Mobileye Global in a research report on Tuesday, November 12th. They set a “buy” rating and a $20.00 price target for the company. UBS Group cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $20.00 to $14.00 in a research note on Friday, October 4th. 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 report on Tuesday, December 10th. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Finally, Evercore ISI cut their price target on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Monday, October 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $23.24.

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.