Impax Asset Management Group plc Buys New Position in Mobileye Global Inc. (NASDAQ:MBLY)

Impax Asset Management Group plc bought a new stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 63,573 shares of the company’s stock, valued at approximately $871,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Mobileye Global during the 1st quarter valued at about $1,294,000. Raymond James & Associates boosted its holdings in Mobileye Global by 258.7% in the second quarter. Raymond James & Associates now owns 336,417 shares of the company’s stock worth $9,448,000 after acquiring an additional 242,640 shares in the last quarter. AXA S.A. boosted its holdings in Mobileye Global by 35.6% in the second quarter. AXA S.A. now owns 518,076 shares of the company’s stock worth $14,550,000 after acquiring an additional 135,967 shares in the last quarter. M&G Plc boosted its holdings in Mobileye Global by 8.9% in the second quarter. M&G Plc now owns 1,350,945 shares of the company’s stock worth $37,826,000 after acquiring an additional 110,032 shares in the last quarter. Finally, PFG Investments LLC bought a new position in Mobileye Global in the third quarter worth approximately $635,000. Institutional investors own 13.25% of the company’s stock.

Mobileye Global Price Performance

NASDAQ:MBLY opened at $15.44 on Thursday. The business has a fifty day simple moving average of $12.81 and a two-hundred day simple moving average of $20.46. Mobileye Global Inc. has a 1 year low of $10.48 and a 1 year high of $44.48.

Wall Street Analysts Forecast Growth

MBLY has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $10.00 price target (down previously from $16.00) on shares of Mobileye Global in a report on Monday, October 7th. UBS Group lowered Mobileye Global from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $14.00 in a report on Friday, October 4th. The Goldman Sachs Group cut their price target on Mobileye Global from $24.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Westpark Capital reissued a “hold” rating on shares of Mobileye Global in a research note on Wednesday, July 31st. Finally, Fox Advisors downgraded Mobileye Global from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Mobileye Global presently has a consensus rating of “Hold” and an average 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.