Joby Aviation, Inc. (NYSE:JOBY) Shares Bought by Blair William & Co. IL

Blair William & Co. IL lifted its stake in shares of Joby Aviation, Inc. (NYSE:JOBY) by 1,621.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 468,181 shares of the company’s stock after buying an additional 440,991 shares during the quarter. Blair William & Co. IL owned approximately 0.06% of Joby Aviation worth $3,806,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Whittier Trust Co. acquired a new position in Joby Aviation during the 4th quarter worth $38,000. Allworth Financial LP lifted its position in shares of Joby Aviation by 200.6% during the fourth quarter. Allworth Financial LP now owns 4,975 shares of the company’s stock worth $44,000 after purchasing an additional 3,320 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Joby Aviation in the fourth quarter worth about $41,000. Salem Investment Counselors Inc. increased its holdings in Joby Aviation by 5,000.0% in the fourth 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 last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Joby Aviation during the fourth quarter valued at approximately $42,000. Institutional investors own 52.85% of the company’s stock.

Insiders Place Their Bets

In other Joby Aviation news, Director Paul Cahill Sciarra sold 333,334 shares of Joby Aviation stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $8.02, for a total transaction of $2,673,338.68. Following the transaction, the director now directly owns 58,661,395 shares in the company, valued at approximately $470,464,387.90. The trade was a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joeben Bevirt sold 23,886 shares of Joby Aviation stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $8.08, for a total value of $192,998.88. Following the transaction, the chief executive officer now owns 768,293 shares in the company, valued at $6,207,807.44. This represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,191,832 shares of company stock worth $9,796,214. Company insiders own 32.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Canaccord Genuity Group lifted their target price on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. Cantor Fitzgerald reiterated an “overweight” rating and set a $9.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. HC Wainwright reiterated 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. decreased their target price on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th. Finally, Needham & Company LLC restated a “buy” rating and set a $10.00 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Joby Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $8.90.

Joby Aviation Stock Down 1.1 %

Shares of Joby Aviation stock opened at $6.05 on Tuesday. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $10.72. The firm has a market capitalization of $4.76 billion, a PE ratio of -8.64 and a beta of 2.35. The stock’s fifty day moving average is $7.21 and its 200-day moving average is $6.94.

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.