Mobileye Global Inc. (NASDAQ:MBLY) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. lowered its position in Mobileye Global Inc. (NASDAQ:MBLY) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,635,086 shares of the company’s stock after selling 163,859 shares during the quarter. Baillie Gifford & Co.’s holdings in Mobileye Global were worth $214,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MBLY. Cranbrook Wealth Management LLC acquired a new stake in Mobileye Global in the 2nd quarter worth about $84,000. Natixis Investment Managers International acquired a new stake in Mobileye Global during the 1st quarter valued at approximately $99,000. EverSource Wealth Advisors LLC raised its holdings in 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 acquiring an additional 3,478 shares in the last quarter. Guinness Atkinson Asset Management Inc raised its stake in Mobileye Global by 16.9% during 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 in the last quarter. Finally, Avitas Wealth Management LLC bought a new position in Mobileye Global during the third quarter worth $137,000. Institutional investors and hedge funds own 13.25% of the company’s stock.

Mobileye Global Price Performance

Shares of MBLY opened at $16.64 on Tuesday. The firm has a market capitalization of $13.47 billion, a PE ratio of -4.56 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. The company’s 50-day moving average is $12.99 and its 200-day moving average is $20.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MBLY shares. Barclays dropped their target price 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. Evercore ISI lowered their price target on Mobileye Global from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Monday, October 14th. Needham & Company LLC reduced their price target on Mobileye Global from $25.00 to $20.00 and set a “buy” rating for the company in a report on Friday, November 1st. Canaccord Genuity Group decreased their price objective on Mobileye Global from $27.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Robert W. Baird upped their target price on Mobileye Global from $17.00 to $18.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.20.

Mobileye Global 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.