Melqart Asset Management UK Ltd Invests $4.98 Million in Mobileye Global Inc. (NASDAQ:MBLY)

Melqart Asset Management UK Ltd bought a new stake in Mobileye Global Inc. (NASDAQ:MBLY) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 363,364 shares of the company’s stock, valued at approximately $4,978,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Mobileye Global by 1.5% in the 1st 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 during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Mobileye Global by 24.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,299 shares of the company’s stock valued at $203,000 after purchasing an additional 1,248 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Mobileye Global in the 1st quarter worth approximately $740,000. Cetera Investment Advisers bought a new position in shares of Mobileye Global during the 1st quarter valued at approximately $3,540,000. Finally, Cetera Advisors LLC purchased a new stake in Mobileye Global during the 1st quarter valued at $1,654,000. Hedge funds and other institutional investors own 13.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on MBLY shares. Canaccord Genuity Group cut their price objective on shares of Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Robert W. Baird increased their price objective on shares of Mobileye Global from $17.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. TD Cowen raised their price objective on shares of Mobileye Global from $15.00 to $19.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Mizuho increased their price target on Mobileye Global from $13.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Finally, Barclays cut their price objective on Mobileye Global from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, November 4th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.14.

Mobileye Global Trading Up 0.9 %

Shares of MBLY opened at $17.54 on Wednesday. Mobileye Global Inc. has a 12 month low of $10.48 and a 12 month high of $44.48. The stock has a fifty day moving average price of $14.59 and a 200-day moving average price of $18.84. The firm has a market cap of $14.23 billion, a PE ratio of -4.81 and a beta of 0.44.

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.