Cookson Peirce & Co. Inc. Has $813,000 Stock Holdings in Joby Aviation, Inc. (NYSE:JOBY)

Cookson Peirce & Co. Inc. lessened its stake in Joby Aviation, Inc. (NYSE:JOBY) by 48.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 100,000 shares of the company’s stock after selling 92,539 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Joby Aviation were worth $813,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in JOBY. Bouvel Investment Partners LLC raised its stake in shares of Joby Aviation by 1.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company’s stock worth $1,007,000 after purchasing an additional 1,715 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Joby Aviation by 6.6% in the fourth quarter. Private Advisor Group LLC now owns 36,774 shares of the company’s stock worth $299,000 after acquiring an additional 2,261 shares during the period. Empowered Funds LLC boosted its holdings in shares of Joby Aviation by 32.7% in the fourth quarter. Empowered Funds LLC now owns 13,409 shares of the company’s stock worth $109,000 after acquiring an additional 3,308 shares during the period. Allworth Financial LP boosted its holdings in shares of Joby Aviation by 200.6% in the fourth quarter. Allworth Financial LP now owns 4,975 shares of the company’s stock worth $44,000 after acquiring an additional 3,320 shares during the period. Finally, Tidal Investments LLC boosted its holdings in shares of Joby Aviation by 13.7% in the third quarter. Tidal Investments LLC now owns 29,246 shares of the company’s stock worth $147,000 after acquiring an additional 3,522 shares during the period. Institutional investors own 52.85% of the company’s stock.

Joby Aviation Stock Up 2.7 %

NYSE JOBY opened at $6.78 on Thursday. The stock’s 50-day simple moving average is $8.06 and its two-hundred day simple moving average is $6.76. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of -9.68 and a beta of 2.33.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Canaccord Genuity Group raised their price target on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. HC Wainwright reissued a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. JPMorgan Chase & Co. lowered their price target on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a research report on Thursday, February 27th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $9.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.90.

Insider Transactions at Joby Aviation

In related news, insider Didier Papadopoulos sold 6,005 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.65, for a total value of $45,938.25. Following the sale, the insider now directly owns 54,776 shares of the company’s stock, valued at $419,036.40. This trade represents a 9.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joeben Bevirt sold 23,886 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.08, for a total value of $192,998.88. Following the completion of the sale, the chief executive officer now directly owns 768,293 shares in the company, valued at $6,207,807.44. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,018,699 shares of company stock worth $8,628,124. Company insiders own 32.40% of the company’s stock.

About Joby Aviation

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.