Biondo Investment Advisors LLC cut its position in shares of Mobileye NV (NASDAQ:MBLY) by 18.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 55,860 shares of the company’s stock after selling 12,575 shares during the period. Biondo Investment Advisors LLC’s holdings in Mobileye NV were worth $2,362,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Sarasin & Partners boosted its stake in shares of Mobileye NV by 71.2% in the fourth quarter. Sarasin & Partners now owns 1,411,300 shares of the company’s stock worth $59,670,000 after buying an additional 587,160 shares during the last quarter. Tipp Hill Capital Management bought a new position in Mobileye NV during the fourth quarter valued at $6,131,000. Russell Frank Co boosted its position in Mobileye NV by 41.4% in the fourth quarter. Russell Frank Co now owns 321,197 shares of the company’s stock valued at $13,352,000 after buying an additional 94,073 shares in the last quarter. Premier Asset Managment LLC boosted its position in Mobileye NV by 4.2% in the fourth quarter. Premier Asset Managment LLC now owns 223,569 shares of the company’s stock valued at $9,452,000 after buying an additional 8,960 shares in the last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD bought a new position in Mobileye NV during the fourth quarter valued at $332,000.

Shares of Mobileye NV (NASDAQ:MBLY) opened at 27.13 on Monday. The firm has a 50-day moving average of $36.19 and a 200-day moving average of $47.08. The firm has a market cap of $5.92 billion and a price-to-earnings ratio of 176.17. Mobileye NV has a 12 month low of $24.75 and a 12 month high of $64.48.

Several research analysts have weighed in on the stock. Barclays raised shares of Mobileye NV to a “neutral” rating in a report on Friday, October 9th. Wells Fargo reissued a “positive” rating and issued a $62.50 price target on shares of Mobileye NV in a report on Monday, November 30th. Evercore ISI assumed coverage on shares of Mobileye NV in a report on Tuesday, December 1st. They issued a “buy” rating and a $68.00 price target on the stock. FBR & Co. assumed coverage on shares of Mobileye NV in a report on Wednesday, December 9th. They issued a “market perform” rating and a $50.00 price target on the stock. Finally, Citigroup Inc. reissued a “buy” rating on shares of Mobileye NV in a report on Tuesday, December 22nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and thirteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $59.73.

Mobileye NV designs and develops software and related technologies for camera-based advanced driver assistance systems (NASDAQ:MBLY). The Company’s software algorithms and EyeQ system on a chip (SOC) perform detailed interpretations of the visual field in order to anticipate possible collisions with other vehicles, pedestrians, cyclists, animals, debris and other obstacles. Its products are also able to detect roadway markings such as lanes, road boundaries, barriers and similar items, as well as to identify and read traffic signs and traffic lights. It operates in two segments: the original equipment manufacturer segment and the AM segment. The OEM segment supplies the software algorithms and EyeQ chip that are the core technology of the complete ADAS to the Tier 1 companies that are the system integrators for the automotive industry. In the AM segment, it sells a complete system, which includes its software algorithms and EyeQ chip, as well as the camera and other necessary components.

12 Month Chart for NASDAQ:MBLY

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