Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of Mobileye Global Inc. (NASDAQ:MBLY) by 68.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 227,808 shares of the company’s stock after selling 487,331 shares during the period. US Bancorp DE’s holdings in Mobileye Global were worth $3,121,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Cranbrook Wealth Management LLC acquired a new stake in shares of Mobileye Global in the second quarter valued at about $84,000. Natixis Investment Managers International acquired a new stake in shares of Mobileye Global in the first quarter valued at about $99,000. EverSource Wealth Advisors LLC raised its position in shares of Mobileye Global by 1,019.9% in the second quarter. EverSource Wealth Advisors LLC now owns 3,819 shares of the company’s stock valued at $107,000 after buying an additional 3,478 shares during the last quarter. Guinness Atkinson Asset Management Inc raised its position in shares of Mobileye Global by 16.9% in the third quarter. Guinness Atkinson Asset Management Inc now owns 8,700 shares of the company’s stock valued at $119,000 after buying an additional 1,257 shares during the last quarter. Finally, Avitas Wealth Management LLC acquired a new stake in shares of Mobileye Global in the third quarter valued at about $137,000. 13.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MBLY. Needham & Company LLC dropped their price objective on shares of Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a report on Friday, November 1st. Mizuho lowered shares of Mobileye Global from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $30.00 to $13.00 in a report on Friday, October 11th. BNP Paribas lowered shares of Mobileye Global from a “neutral” rating to an “underperform” rating and set a $12.00 price objective for the company. in a report on Wednesday, October 2nd. 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 report on Tuesday, October 1st. Finally, Royal Bank of Canada lowered shares of Mobileye Global from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $24.00 to $11.00 in a report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, eleven have given 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 price target of $23.20.

Mobileye Global Stock Up 4.5 %

Shares of NASDAQ:MBLY opened at $15.23 on Wednesday. The firm’s 50 day moving average price is $12.78 and its 200 day moving average price is $20.57. The stock has a market cap of $12.32 billion, a price-to-earnings ratio of -4.17 and a beta of 0.07. Mobileye Global Inc. has a fifty-two week low of $10.48 and a fifty-two week high of $44.48.

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.