Joby Aviation, Inc. (NYSE:JOBY) Stock Position Raised by Blair William & Co. IL

Blair William & Co. IL grew its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY) by 1,621.9% during the fourth quarter, Holdings Channel reports. The firm owned 468,181 shares of the company’s stock after purchasing an additional 440,991 shares during the period. Blair William & Co. IL’s holdings in Joby Aviation were worth $3,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Whittier Trust Co. bought a new position in Joby Aviation during the fourth quarter valued at about $38,000. Salem Investment Counselors Inc. raised its stake 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 valued at $41,000 after purchasing an additional 5,000 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Joby Aviation in the 4th quarter worth $41,000. Golden State Wealth Management LLC acquired a new stake in Joby Aviation in the 4th quarter worth $42,000. Finally, Allworth Financial LP raised 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 valued at $44,000 after buying an additional 3,320 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Insider Transactions at Joby Aviation

In other news, insider Bonny W. Simi sold 9,695 shares of the business’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $6.78, for a total value of $65,732.10. Following the transaction, the insider now directly owns 146,941 shares of the company’s stock, valued at $996,259.98. The trade was a 6.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kate Dehoff sold 6,205 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $8.10, for a total value of $50,260.50. Following the sale, the insider now directly owns 215,947 shares of the company’s stock, valued at $1,749,170.70. This represents a 2.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,191,832 shares of company stock valued at $9,796,214. 32.40% of the stock is owned by insiders.

Joby Aviation Price Performance

Joby Aviation stock opened at $6.05 on Tuesday. The firm has a market capitalization of $4.76 billion, a P/E ratio of -8.64 and a beta of 2.35. The stock has a fifty day moving average price of $7.21 and a two-hundred day moving average price of $6.94. Joby Aviation, Inc. has a 52-week low of $4.50 and a 52-week high of $10.72.

Analyst Ratings Changes

JOBY has been the topic of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and set a $10.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. Canaccord Genuity Group lifted their price objective on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. cut 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. Cantor Fitzgerald reiterated an “overweight” rating and set a $9.00 price target on shares of Joby Aviation in a research note on Thursday, February 27th. Finally, HC Wainwright restated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Joby Aviation currently has an average rating of “Moderate Buy” and a consensus price target of $8.90.

Joby Aviation 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.