Charles Schwab Investment Management Inc. Buys 957,565 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Charles Schwab Investment Management Inc. increased its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 168.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,526,234 shares of the company’s stock after purchasing an additional 957,565 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.19% of Mobileye Global worth $20,909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. increased its stake in Mobileye Global by 140.2% in the 3rd quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after buying an additional 1,061 shares during the last quarter. Cranbrook Wealth Management LLC bought a new position in shares of Mobileye Global in the second quarter valued at $84,000. EverSource Wealth Advisors LLC increased its holdings in Mobileye Global by 1,019.9% during the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after buying an additional 3,478 shares during the last quarter. Headlands Technologies LLC bought a new stake in Mobileye Global during the second quarter worth $147,000. Finally, Quest Partners LLC acquired a new stake in Mobileye Global in the third quarter valued at $102,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on MBLY. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research note on Monday, October 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a research report on Thursday. Robert W. Baird increased their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Evercore ISI reduced their target price on shares of Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Finally, TD Cowen increased their price target on shares of Mobileye Global from $15.00 to $19.00 and gave the company a “buy” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Mobileye Global has a consensus rating of “Hold” and an average target price of $23.14.

Mobileye Global Price Performance

Shares of MBLY opened at $17.00 on Friday. The firm has a 50 day simple moving average of $14.89 and a two-hundred day simple moving average of $18.67. The company has a market cap of $13.79 billion, a P/E ratio of -4.66 and a beta of 0.44. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $44.48.

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.