BNP Paribas Acquires Shares of 12,000 Mobileye Global Inc. (NASDAQ:MBLY)

BNP Paribas acquired a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,000 shares of the company’s stock, valued at approximately $173,000.

Several other hedge funds also recently bought and sold shares of MBLY. The Manufacturers Life Insurance Company grew its position in Mobileye Global by 807.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock valued at $254,832,000 after acquiring an additional 8,073,552 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Mobileye Global by 168.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after buying an additional 957,565 shares in the last quarter. Loomis Sayles & Co. L P grew its position in shares of Mobileye Global by 85.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock worth $22,856,000 after buying an additional 768,169 shares in the last quarter. Tremblant Capital Group bought a new position in shares of Mobileye Global during the 2nd quarter worth $15,663,000. Finally, Raymond James & Associates grew its position in shares of Mobileye Global by 81.3% during the 3rd quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock worth $8,355,000 after buying an additional 273,424 shares in the last quarter. Institutional investors own 13.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MBLY shares. Evercore ISI dropped their price target on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Monday, October 14th. TD Cowen upped their price objective on Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group decreased their price objective on Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Wolfe Research cut Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Finally, Morgan Stanley upgraded Mobileye Global from an “underweight” rating to an “equal weight” rating and decreased their price objective for the stock from $25.00 to $18.00 in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Mobileye Global currently has a consensus rating of “Hold” and an average target price of $23.14.

Mobileye Global Trading Up 0.6 %

Mobileye Global stock opened at $18.03 on Thursday. Mobileye Global Inc. has a twelve month low of $10.48 and a twelve month high of $44.48. The stock has a 50 day moving average of $14.15 and a two-hundred day moving average of $19.14. The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of -4.94 and a beta of 0.07.

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.