Compagnie Lombard Odier SCmA Acquires New Holdings in Joby Aviation, Inc. (NYSE:JOBY)

Compagnie Lombard Odier SCmA purchased a new stake in shares of Joby Aviation, Inc. (NYSE:JOBY) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,000 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Larson Financial Group LLC increased its holdings in Joby Aviation by 218.3% in the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after purchasing an additional 5,000 shares during the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock valued at $41,000 after buying an additional 5,000 shares during the period. Golden State Wealth Management LLC acquired a new position in Joby Aviation during the 4th quarter worth about $42,000. Empowered Funds LLC purchased a new position in Joby Aviation during the 3rd quarter valued at about $51,000. Finally, International Assets Investment Management LLC grew its position in Joby Aviation by 403.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock valued at $58,000 after acquiring an additional 9,188 shares in the last quarter. 52.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JOBY has been the topic of several research reports. Canaccord Genuity Group increased their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. cut shares of Joby Aviation from a “neutral” rating to an “underweight” rating and raised their price target for the company from $5.00 to $6.00 in a research report on Friday, January 10th. Needham & Company LLC increased their price objective on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, HC Wainwright reissued a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Joby Aviation currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.30.

Insider Activity

In other news, CEO Joeben Bevirt sold 10,785 shares of Joby Aviation stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $7.43, for a total transaction of $80,132.55. Following the sale, the chief executive officer now owns 793,036 shares in the company, valued at approximately $5,892,257.48. The trade was a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Didier Papadopoulos sold 6,005 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $7.65, for a total value of $45,938.25. Following the transaction, the insider now owns 54,776 shares in the company, valued at $419,036.40. This represents a 9.88 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,025,284 shares of company stock worth $8,683,241. 32.40% of the stock is currently owned by insiders.

Joby Aviation Price Performance

NYSE:JOBY opened at $7.86 on Friday. The firm has a market capitalization of $6.01 billion, a PE ratio of -11.22 and a beta of 2.33. The business’s fifty day moving average price is $8.32 and its 200 day moving average price is $6.58. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $10.72.

Joby Aviation Profile

Joby Aviation, Inc, a vertically integrated air mobility company, engages in building an electric vertical takeoff and landing aircraft optimized to deliver air transportation as a service. The company intends to build an aerial ridesharing service, as well as developing an application-based platform that will enable consumers to book rides.