Polymer Capital Management HK LTD Takes Position in Mobileye Global Inc. (NASDAQ:MBLY)

Polymer Capital Management HK LTD acquired a new position in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the third quarter, HoldingsChannel reports. The firm acquired 42,310 shares of the company’s stock, valued at approximately $580,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Mobileye Global by 1.5% during the first quarter. Vanguard Group Inc. now owns 1,175,404 shares of the company’s stock worth $37,789,000 after buying an additional 17,692 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in Mobileye Global by 24.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock worth $203,000 after acquiring an additional 1,248 shares in the last quarter. Tidal Investments LLC acquired a new position in Mobileye Global during the first quarter valued at approximately $740,000. Cetera Investment Advisers bought a new position in Mobileye Global in the first quarter valued at approximately $3,540,000. Finally, Cetera Advisors LLC bought a new stake in shares of Mobileye Global during the 1st quarter worth approximately $1,654,000. 13.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Wolfe Research lowered shares of Mobileye Global from an “outperform” rating to a “peer perform” rating in a research report on Thursday, September 5th. UBS Group cut shares of Mobileye Global from a “buy” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $14.00 in a report on Friday, October 4th. Barclays reduced their price target on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $10.00 price objective (down from $16.00) on shares of Mobileye Global in a research report on Monday, October 7th. Finally, Needham & Company LLC decreased their target price on Mobileye Global from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and a consensus price target of $23.14.

Mobileye Global Price Performance

Shares of NASDAQ:MBLY opened at $17.54 on Wednesday. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $44.48. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of -4.81 and a beta of 0.44. The company’s 50 day simple moving average is $14.68 and its 200 day simple moving average is $18.77.

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.