Harel Insurance Investments & Financial Services Ltd. Acquires Shares of 2,904 Mobileye Global Inc. (NASDAQ:MBLY)

Harel Insurance Investments & Financial Services Ltd. acquired a new position in Mobileye Global Inc. (NASDAQ:MBLY) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,904 shares of the company’s stock, valued at approximately $58,000.

Other institutional investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in Mobileye Global by 49.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 13,590,818 shares of the company’s stock worth $186,194,000 after purchasing an additional 4,517,217 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Mobileye Global by 168.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,526,234 shares of the company’s stock worth $20,909,000 after acquiring an additional 957,565 shares during the period. Loomis Sayles & Co. L P raised its position in Mobileye Global by 85.3% during the third quarter. Loomis Sayles & Co. L P now owns 1,668,331 shares of the company’s stock valued at $22,856,000 after acquiring an additional 768,169 shares in the last quarter. Melqart Asset Management UK Ltd purchased a new stake in Mobileye Global in the 3rd quarter worth approximately $4,978,000. Finally, Geode Capital Management LLC boosted its position in Mobileye Global by 24.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,431,325 shares of the company’s stock worth $19,615,000 after purchasing an additional 279,082 shares in the last quarter. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Mobileye Global Stock Down 1.7 %

Shares of MBLY opened at $16.54 on Friday. Mobileye Global Inc. has a 52-week low of $10.48 and a 52-week high of $34.00. The stock has a fifty day simple moving average of $17.86 and a two-hundred day simple moving average of $16.31. The company has a market capitalization of $13.41 billion, a PE ratio of -4.53, a price-to-earnings-growth ratio of 11.65 and a beta of 0.30.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Mobileye Global in a research note on Wednesday, December 11th. Canaccord Genuity Group decreased their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Wolfe Research raised shares of Mobileye Global from a “peer perform” rating to an “outperform” rating in a research note on Thursday, December 5th. Barclays lifted their price target on Mobileye Global from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Mizuho increased their price target on Mobileye Global from $15.00 to $17.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.20.

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.