Jones Financial Companies Lllp Boosts Stock Position in Joby Aviation, Inc. (NYSE:JOBY)

Jones Financial Companies Lllp lifted its position in Joby Aviation, Inc. (NYSE:JOBY) by 374.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,703 shares of the company’s stock after buying an additional 6,868 shares during the quarter. Jones Financial Companies Lllp’s holdings in Joby Aviation were worth $71,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Larson Financial Group LLC increased its holdings in Joby Aviation by 218.3% during the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock worth $37,000 after purchasing an additional 5,000 shares during the period. Salem Investment Counselors Inc. increased its holdings in Joby Aviation by 5,000.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after purchasing an additional 5,000 shares during the period. Compagnie Lombard Odier SCmA purchased a new stake in Joby Aviation during the 4th quarter worth about $41,000. Golden State Wealth Management LLC purchased a new stake in Joby Aviation during the 4th quarter worth about $42,000. Finally, Allworth Financial LP increased its holdings in Joby Aviation by 200.6% during the 4th 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 period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Joby Aviation Price Performance

NYSE JOBY opened at $6.45 on Tuesday. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $10.72. The company has a market capitalization of $5.08 billion, a P/E ratio of -9.21 and a beta of 2.35. The business has a 50 day moving average price of $7.66 and a 200 day moving average price of $6.84.

Insider Buying and Selling at Joby Aviation

In related news, insider Didier Papadopoulos sold 7,692 shares of Joby Aviation stock in a transaction on Monday, January 6th. The stock was sold at an average price of $10.00, for a total value of $76,920.00. Following the transaction, the insider now owns 50,902 shares in the company, valued at approximately $509,020. This trade represents a 13.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the transaction, the chief executive officer now owns 768,293 shares in the company, valued at $6,207,807.44. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,015,470 shares of company stock worth $8,600,479. 32.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JOBY shares. Cantor Fitzgerald restated an “overweight” rating and set a $9.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. JPMorgan Chase & Co. lowered their price objective on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research report on Thursday, February 27th. Finally, Canaccord Genuity Group upped their price objective on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $8.90.

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.