FNY Investment Advisers LLC Buys New Holdings in Mobileye Global Inc. (NASDAQ:MBLY)

FNY Investment Advisers LLC purchased a new position in Mobileye Global Inc. (NASDAQ:MBLY) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 1,540 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Rakuten Securities Inc. lifted 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 buying an additional 1,061 shares in the last quarter. Versant Capital Management Inc lifted its stake in Mobileye Global by 580.0% in the 4th quarter. Versant Capital Management Inc now owns 1,326 shares of the company’s stock worth $26,000 after purchasing an additional 1,131 shares in the last quarter. Quarry LP bought a new position in Mobileye Global during the third quarter valued at approximately $31,000. 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 grew its stake 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 worth $107,000 after buying an additional 3,478 shares in the last quarter. 13.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on MBLY. JPMorgan Chase & Co. restated an “underweight” rating and set a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Mizuho increased their price target on Mobileye Global from $15.00 to $17.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. The Goldman Sachs Group dropped their price objective on shares of Mobileye Global from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, October 1st. Canaccord Genuity Group lowered their target price on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Barclays cut their price target on shares of Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, November 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $23.45.

Mobileye Global Stock Up 3.7 %

Shares of MBLY stock opened at $16.73 on Thursday. The firm has a market cap of $13.57 billion, a price-to-earnings ratio of -4.58 and a beta of 0.30. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The company’s 50 day moving average is $17.81 and its 200 day moving average is $16.85.

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.