Versant Capital Management Inc Acquires 1,131 Shares of Mobileye Global Inc. (NASDAQ:MBLY)

Versant Capital Management Inc raised its holdings in Mobileye Global Inc. (NASDAQ:MBLY) by 580.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,326 shares of the company’s stock after purchasing an additional 1,131 shares during the quarter. Versant Capital Management Inc’s holdings in Mobileye Global were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its position in Mobileye Global by 807.3% during the second quarter. The Manufacturers Life Insurance Company now owns 9,073,601 shares of the company’s stock valued at $254,832,000 after buying an additional 8,073,552 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Mobileye Global by 168.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after acquiring an additional 957,565 shares during the last quarter. Loomis Sayles & Co. L P raised its stake in Mobileye Global by 85.3% in the 3rd quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after acquiring an additional 768,169 shares during the period. Tremblant Capital Group purchased a new stake in Mobileye Global during the second quarter valued at about $15,663,000. Finally, Melqart Asset Management UK Ltd bought a new position in Mobileye Global during the third quarter worth about $4,978,000. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, October 1st. Robert W. Baird increased their target price on Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Barclays reduced their price target on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, November 4th. Royal Bank of Canada reissued a “sector perform” rating and set a $11.00 price objective on shares of Mobileye Global in a report on Thursday, December 5th. Finally, Evercore ISI reduced their target price on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $23.45.

Mobileye Global Price Performance

Shares of NASDAQ MBLY opened at $19.55 on Wednesday. The stock has a market capitalization of $15.86 billion, a P/E ratio of -5.36 and a beta of 0.30. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $34.00. The firm’s 50 day simple moving average is $17.61 and its two-hundred day simple moving average is $17.24.

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.