63,573 Shares in Mobileye Global Inc. (NASDAQ:MBLY) Acquired by Impax Asset Management Group plc

Impax Asset Management Group plc purchased a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 63,573 shares of the company’s stock, valued at approximately $871,000.

Other large investors have also made changes to their positions in the company. Rakuten Securities Inc. raised its holdings in shares of Mobileye Global by 140.2% during 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. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global in the 2nd quarter valued at about $84,000. Natixis Investment Managers International acquired a new stake in Mobileye Global during the first quarter worth about $99,000. EverSource Wealth Advisors LLC raised 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 acquiring an additional 3,478 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc raised its position in Mobileye Global by 16.9% during the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after acquiring an additional 1,257 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Mobileye Global Stock Performance

MBLY stock opened at $14.99 on Friday. The firm has a market cap of $12.16 billion, a PE ratio of -4.11 and a beta of 0.07. Mobileye Global Inc. has a one year low of $10.48 and a one year high of $44.48. The firm’s 50 day moving average price is $13.26 and its 200-day moving average price is $19.78.

Analyst Ratings Changes

Several research firms have recently weighed in on MBLY. UBS Group lowered shares of Mobileye Global from a “buy” rating to a “neutral” rating and cut their target price for the company from $20.00 to $14.00 in a report on Friday, October 4th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.00 price objective (down previously from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Fox Advisors cut Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Daiwa Capital Markets cut Mobileye Global from a “buy” rating to a “neutral” rating in a report on Monday, August 5th. Finally, Robert W. Baird raised their price objective on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven 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 an average rating of “Hold” and an average target price of $23.05.

Mobileye Global Company 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.