Peapack Gladstone Financial Corp Sells 9,100 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Peapack Gladstone Financial Corp decreased its position in Mobileye Global Inc. (NASDAQ:MBLY) by 12.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,450 shares of the company’s stock after selling 9,100 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Mobileye Global were worth $856,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Tidal Investments LLC raised its holdings in Mobileye Global by 4.6% in the 3rd quarter. Tidal Investments LLC now owns 36,586 shares of the company’s stock worth $501,000 after acquiring an additional 1,617 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Mobileye Global in the third quarter valued at about $273,000. Virtu Financial LLC bought a new position in shares of Mobileye Global in the third quarter worth about $229,000. TCW Group Inc. lifted its position in shares of Mobileye Global by 0.8% during the 3rd quarter. TCW Group Inc. now owns 412,651 shares of the company’s stock worth $5,653,000 after purchasing an additional 3,388 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Mobileye Global by 24.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after purchasing an additional 279,082 shares during the period. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Mobileye Global Trading Down 1.2 %

MBLY opened at $17.51 on Monday. Mobileye Global Inc. has a 1-year low of $10.48 and a 1-year high of $44.48. The stock has a market capitalization of $14.20 billion, a PE ratio of -4.80 and a beta of 0.44. The firm has a 50-day moving average price of $15.31 and a two-hundred day moving average price of $18.23.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Mobileye Global in a report on Wednesday, December 11th. The Goldman Sachs Group cut their target price on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Mizuho raised their price target on shares of Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and cut their price objective for the company from $20.00 to $14.00 in a research report on Friday, October 4th. Finally, TD Cowen lifted their target price on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.