Rockefeller Capital Management L.P. Acquires New Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

Rockefeller Capital Management L.P. bought a new position in Mobileye Global Inc. (NASDAQ:MBLY) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 18,470 shares of the company’s stock, valued at approximately $253,000.

Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. lifted its stake in shares of Mobileye Global by 140.2% in the 3rd 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 last quarter. Cranbrook Wealth Management LLC acquired a new stake in shares of Mobileye Global in the second quarter worth about $84,000. Quest Partners LLC acquired a new stake in shares of Mobileye Global in the third quarter worth about $102,000. EverSource Wealth Advisors LLC boosted its stake in shares of Mobileye Global by 1,019.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock worth $107,000 after acquiring an additional 3,478 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its holdings in shares of Mobileye Global by 16.9% during the 3rd 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 during the last quarter. Institutional investors and hedge funds own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

MBLY has been the subject of several analyst reports. Wolfe Research upgraded Mobileye Global from a “peer perform” rating to an “outperform” rating in a report on Thursday, December 5th. Loop Capital started coverage on Mobileye Global in a research note on Tuesday, November 12th. They set a “buy” rating and a $20.00 price target on the stock. Barclays decreased their target price on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Evercore ISI lowered their price objective on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Monday, October 14th. Finally, Needham & Company LLC lowered their price target on shares of Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Three research analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $23.24.

Mobileye Global Stock Performance

MBLY stock opened at $16.98 on Wednesday. Mobileye Global Inc. has a 52 week low of $10.48 and a 52 week high of $44.48. The company’s 50-day simple moving average is $15.03 and its 200 day simple moving average is $18.41. The company has a market capitalization of $13.77 billion, a PE ratio of -4.65 and a beta of 0.43.

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.