Sanctuary Advisors LLC Acquires Shares of 19,925 Mobileye Global Inc. (NASDAQ:MBLY)

Sanctuary Advisors LLC bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 19,925 shares of the company’s stock, valued at approximately $273,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its position in Mobileye Global by 140.2% during 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 period. Quarry LP purchased a new stake in shares of Mobileye Global during the third quarter worth about $31,000. Cranbrook Wealth Management LLC bought a new stake in shares of Mobileye Global in the second quarter worth about $84,000. EverSource Wealth Advisors LLC increased its holdings in Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after purchasing an additional 3,478 shares during the period. Finally, Headlands Technologies LLC bought a new position in Mobileye Global during the 2nd quarter valued at approximately $147,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Performance

Mobileye Global stock opened at $20.03 on Friday. The stock has a fifty day moving average of $16.55 and a 200 day moving average of $17.65. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $44.48. The stock has a market cap of $16.25 billion, a PE ratio of -5.49 and a beta of 0.44.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MBLY shares. Wolfe Research raised Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Mizuho upped their target price on Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Barclays reduced their target price on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price target on shares of Mobileye Global in a research report on Thursday, December 5th. Finally, UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and lowered their target price for the company from $20.00 to $14.00 in a report on Friday, October 4th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.38.

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.