Kingsview Wealth Management LLC Buys 58,607 Shares of Joby Aviation, Inc. (NYSE:JOBY)

Kingsview Wealth Management LLC boosted its stake in Joby Aviation, Inc. (NYSE:JOBY) by 380.6% in the 4th quarter, Holdings Channel reports. The firm owned 74,006 shares of the company’s stock after acquiring an additional 58,607 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Joby Aviation were worth $602,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of Joby Aviation during the 2nd quarter valued at about $81,000. Creative Planning raised its holdings in shares of Joby Aviation by 86.2% during the 3rd quarter. Creative Planning now owns 55,446 shares of the company’s stock valued at $279,000 after buying an additional 25,672 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in shares of Joby Aviation by 97.5% during the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 22,062 shares of the company’s stock valued at $111,000 after buying an additional 10,889 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of Joby Aviation by 45.3% during the 3rd quarter. Private Advisor Group LLC now owns 34,513 shares of the company’s stock valued at $174,000 after buying an additional 10,765 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Joby Aviation by 403.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock valued at $58,000 after buying an additional 9,188 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

Insider Activity at Joby Aviation

In other Joby Aviation news, Director Paul Cahill Sciarra sold 333,332 shares of the business’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $8.00, for a total value of $2,666,656.00. Following the sale, the director now directly owns 58,994,729 shares of the company’s stock, valued at approximately $471,957,832. The trade was a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Didier Papadopoulos sold 6,005 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now owns 54,776 shares of the company’s stock, valued at $419,036.40. This represents a 9.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,007,596 shares of company stock worth $8,551,819 over the last ninety days. 32.40% of the stock is owned by corporate insiders.

Joby Aviation Stock Down 0.4 %

NYSE JOBY opened at $7.33 on Thursday. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72. The firm has a market capitalization of $5.61 billion, a PE ratio of -10.47 and a beta of 2.33. The stock’s 50 day moving average is $8.35 and its 200 day moving average is $6.57.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Needham & Company LLC raised their price objective on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. cut Joby Aviation from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $5.00 to $6.00 in a research note on Friday, January 10th. Canaccord Genuity Group lifted their price target on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a research note on Wednesday, December 18th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Joby Aviation presently has an average rating of “Moderate Buy” and a consensus price target of $9.30.

Joby Aviation Company 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.