42,310 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Acquired by Polymer Capital Management HK LTD

Polymer Capital Management HK LTD purchased a new stake in Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,310 shares of the company’s stock, valued at approximately $580,000.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. lifted its position in Mobileye Global by 1.5% in the first quarter. Vanguard Group Inc. now owns 1,175,404 shares of the company’s stock worth $37,789,000 after purchasing an additional 17,692 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Mobileye Global by 24.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock valued at $203,000 after purchasing an additional 1,248 shares during the period. Tidal Investments LLC acquired a new position in shares of Mobileye Global in the 1st quarter worth approximately $740,000. Cetera Investment Advisers acquired a new stake in Mobileye Global in the 1st quarter valued at $3,540,000. Finally, Cetera Advisors LLC bought a new stake in Mobileye Global in the first quarter valued at $1,654,000. 13.25% of the stock is currently owned by institutional investors.

Mobileye Global Trading Up 0.9 %

Shares of Mobileye Global stock opened at $17.54 on Wednesday. The stock’s fifty day simple moving average is $14.68 and its 200 day simple moving average is $18.77. The company has a market capitalization of $14.23 billion, a PE ratio of -4.81 and a beta of 0.44. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $44.48.

Analysts Set New Price Targets

Several brokerages have recently commented on MBLY. TD Cowen boosted their target price on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Mizuho raised their price objective on shares of Mobileye Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. BNP Paribas lowered Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price target on the stock. in a research report on Wednesday, October 2nd. Needham & Company LLC cut their price objective on Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Wolfe Research lowered Mobileye Global from an “outperform” rating to a “peer perform” rating in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $23.14.

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.