Sanders Morris Harris LLC Has $801,000 Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Sanders Morris Harris LLC increased its position in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 100.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 40,000 shares of the company’s stock after purchasing an additional 20,000 shares during the quarter. Sanders Morris Harris LLC’s holdings in Mobileye Global were worth $801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Mobileye Global during the fourth quarter worth $30,000. Versant Capital Management Inc increased its position in 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 acquiring an additional 1,131 shares during the period. Tidal Investments LLC raised its stake 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 purchasing an additional 1,617 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Mobileye Global in the 3rd quarter valued at about $273,000. Finally, Virtu Financial LLC acquired a new position in shares of Mobileye Global during the 3rd quarter worth approximately $229,000. 13.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MBLY. UBS Group downgraded shares of Mobileye Global from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $14.00 in a research report on Friday, October 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $10.00 target price (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Loop Capital raised their price target on Mobileye Global from $20.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research report on Thursday, December 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a report on Wednesday, December 11th. Two investment 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.67.

Mobileye Global Stock Performance

Shares of NASDAQ MBLY opened at $17.19 on Thursday. The stock has a market cap of $13.94 billion, a P/E ratio of -4.71, a price-to-earnings-growth ratio of 13.46 and a beta of 0.30. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The firm has a 50 day moving average price of $17.83 and a two-hundred day moving average price of $16.85.

Mobileye Global Company 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.