Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC cut its holdings in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 6.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 58,130 shares of the company’s stock after selling 4,243 shares during the period. SeaCrest Wealth Management LLC’s holdings in Mobileye Global were worth $1,158,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. The Manufacturers Life Insurance Company increased its position in shares of Mobileye Global by 49.8% during the third quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after purchasing an additional 4,517,217 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of Mobileye Global by 85.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock worth $22,856,000 after purchasing an additional 768,169 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock valued at $20,909,000 after buying an additional 957,565 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Mobileye Global by 24.2% during the third quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock valued at $19,615,000 after buying an additional 279,082 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in shares of Mobileye Global by 81.3% during the third quarter. Raymond James & Associates now owns 609,841 shares of the company’s stock valued at $8,355,000 after buying an additional 273,424 shares during the last quarter. 13.25% of the stock is owned by institutional investors and hedge funds.

Mobileye Global Stock Up 3.7 %

MBLY stock opened at $16.73 on Thursday. The company’s 50-day simple moving average is $17.81 and its 200-day simple moving average is $16.85. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The firm has a market cap of $13.57 billion, a P/E ratio of -4.58 and a beta of 0.30.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MBLY shares. UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $14.00 in a report on Friday, October 4th. Barclays dropped their price objective on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective on the stock. in a report on Wednesday, October 2nd. Robert W. Baird boosted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Loop Capital boosted their price objective on shares of Mobileye Global from $20.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Mobileye Global currently has a consensus rating of “Hold” and an average target price of $23.45.

About Mobileye Global

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.