Loomis Sayles & Co. L P Has $22.86 Million Stake in Mobileye Global Inc. (NASDAQ:MBLY)

Loomis Sayles & Co. L P raised its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 85.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,668,331 shares of the company’s stock after buying an additional 768,169 shares during the quarter. Loomis Sayles & Co. L P owned about 0.21% of Mobileye Global worth $22,856,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rakuten Securities Inc. grew its holdings in Mobileye Global by 140.2% during the third quarter. Rakuten Securities Inc. now owns 1,818 shares of the company’s stock valued at $25,000 after purchasing an additional 1,061 shares during the period. Cranbrook Wealth Management LLC acquired a new position in shares of Mobileye Global in the 2nd quarter valued at $84,000. EverSource Wealth Advisors LLC grew its holdings in shares of Mobileye Global by 1,019.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after buying an additional 3,478 shares during the period. Headlands Technologies LLC bought a new stake in shares of Mobileye Global in the 2nd quarter valued at $147,000. Finally, B. Riley Wealth Advisors Inc. raised its stake in Mobileye Global by 24.7% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock worth $203,000 after buying an additional 1,248 shares during the period. 13.25% of the stock is owned by institutional investors.

Mobileye Global Trading Down 3.1 %

NASDAQ MBLY opened at $17.92 on Wednesday. The firm has a market capitalization of $14.53 billion, a P/E ratio of -4.91 and a beta of 0.07. The firm’s fifty day moving average price is $14.03 and its two-hundred day moving average price is $19.21. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $44.48.

Analyst Ratings Changes

Several brokerages have issued reports on MBLY. Needham & Company LLC lowered their price target on Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a report on Friday, November 1st. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 target price (down from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. Daiwa America lowered shares of Mobileye Global from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 5th. Fox Advisors downgraded shares of Mobileye Global from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 1st. Finally, Morgan Stanley raised shares of Mobileye Global from an “underweight” rating to an “equal weight” rating and cut their price objective for the company from $25.00 to $18.00 in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $23.14.

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.