Compagnie Lombard Odier SCmA Buys Shares of 5,000 Joby Aviation, Inc. (NYSE:JOBY)

Compagnie Lombard Odier SCmA purchased a new position in shares of Joby Aviation, Inc. (NYSE:JOBY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $41,000.

Several other large investors have also modified their holdings of JOBY. Larson Financial Group LLC increased its stake 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 buying an additional 5,000 shares during the period. Salem Investment Counselors Inc. boosted its holdings in shares of 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 acquiring an additional 5,000 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in shares of Joby Aviation during the fourth quarter worth about $42,000. Empowered Funds LLC purchased a new position in Joby Aviation during the third quarter worth about $51,000. Finally, International Assets Investment Management LLC lifted its position in Joby Aviation by 403.0% in the third quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock valued at $58,000 after purchasing an additional 9,188 shares during the period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Joby Aviation Stock Up 3.6 %

Shares of JOBY opened at $7.86 on Friday. The firm has a market cap of $6.01 billion, a PE ratio of -11.22 and a beta of 2.33. The company’s fifty day moving average is $8.32 and its two-hundred day moving average is $6.58. Joby Aviation, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $10.72.

Insider Transactions 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 shares were sold at an average price of $8.00, for a total value of $2,666,656.00. Following the transaction, the director now owns 58,994,729 shares in the company, valued at $471,957,832. The trade was a 0.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gregory Bowles sold 7,748 shares of Joby Aviation stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $8.08, for a total value of $62,603.84. Following the sale, the insider now directly owns 29,235 shares in the company, valued at approximately $236,218.80. The trade was a 20.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,025,284 shares of company stock worth $8,683,241. 32.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

JOBY has been the subject of a number of analyst reports. 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. JPMorgan Chase & Co. cut Joby Aviation from a “neutral” rating to an “underweight” rating and increased their price objective for the stock from $5.00 to $6.00 in a research report on Friday, January 10th. Canaccord Genuity Group raised their target price on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a report on Wednesday, January 8th. Finally, Needham & Company LLC upped their price target on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.