Cookson Peirce & Co. Inc. Sells 92,539 Shares of Joby Aviation, Inc. (NYSE:JOBY)

Cookson Peirce & Co. Inc. trimmed its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 48.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 100,000 shares of the company’s stock after selling 92,539 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Joby Aviation were worth $813,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of JOBY. Larson Financial Group LLC boosted its position in Joby Aviation by 218.3% during the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after acquiring an additional 5,000 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after buying an additional 5,000 shares during the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Joby Aviation in the 4th quarter worth approximately $41,000. Golden State Wealth Management LLC purchased a new stake in shares of Joby Aviation in the 4th quarter worth approximately $42,000. Finally, Allworth Financial LP grew its stake in shares of Joby Aviation by 200.6% in the 4th quarter. Allworth Financial LP now owns 4,975 shares of the company’s stock worth $44,000 after buying an additional 3,320 shares during the last quarter. 52.85% of the stock is owned by institutional investors.

Insider Activity at Joby Aviation

In other news, insider Didier Papadopoulos sold 6,005 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.65, for a total transaction of $45,938.25. Following the transaction, the insider now directly owns 54,776 shares of the company’s stock, valued at $419,036.40. This represents a 9.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joeben Bevirt sold 23,886 shares of the 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 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. In the last three months, insiders have sold 1,018,699 shares of company stock valued at $8,628,124. 32.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

Joby Aviation Trading Up 2.7 %

JOBY stock opened at $6.78 on Thursday. The stock has a market capitalization of $5.18 billion, a PE ratio of -9.68 and a beta of 2.33. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $10.72. The stock’s 50 day simple moving average is $8.06 and its 200 day simple moving average is $6.76.

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.