Stifel Financial Corp Grows Position in Mobileye Global Inc. (NASDAQ:MBLY)

Stifel Financial Corp raised its stake in Mobileye Global Inc. (NASDAQ:MBLY) by 101.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 179,236 shares of the company’s stock after acquiring an additional 90,436 shares during the period. Stifel Financial Corp’s holdings in Mobileye Global were worth $2,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in MBLY. Rakuten Securities Inc. increased its holdings in shares of Mobileye Global by 140.2% in the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock worth $25,000 after purchasing an additional 1,061 shares during the last quarter. Quarry LP purchased a new stake in shares of Mobileye Global during the 3rd quarter worth approximately $31,000. Cranbrook Wealth Management LLC purchased a new stake in shares of Mobileye Global during the 2nd quarter worth approximately $84,000. Quest Partners LLC purchased a new position in shares of Mobileye Global in the third quarter valued at $102,000. Finally, EverSource Wealth Advisors LLC lifted its position 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 valued at $107,000 after purchasing an additional 3,478 shares during the last quarter. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Trading Down 11.7 %

Shares of NASDAQ MBLY opened at $17.35 on Thursday. Mobileye Global Inc. has a 12-month low of $10.48 and a 12-month high of $44.48. The stock’s fifty day simple moving average is $15.69 and its two-hundred day simple moving average is $18.13. The stock has a market capitalization of $14.07 billion, a PE ratio of -4.75 and a beta of 0.44.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. BNP Paribas cut shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 target price on the stock. in a research report on Wednesday, October 2nd. Barclays dropped their target price on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, November 4th. Canaccord Genuity Group decreased their price target on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Robert W. Baird lifted their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Mizuho raised their target price on shares of Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Mobileye Global presently has an average rating of “Hold” and a consensus target price of $23.38.

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.