Joby Aviation, Inc. (NYSE:JOBY) Shares Acquired by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 27.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 136,176 shares of the company’s stock after purchasing an additional 29,600 shares during the period. Commonwealth Equity Services LLC’s holdings in Joby Aviation were worth $1,107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Salem Investment Counselors Inc. boosted its position in shares of Joby Aviation by 5,000.0% during the fourth 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 period. Compagnie Lombard Odier SCmA acquired a new position in Joby Aviation during the 4th quarter worth $41,000. Golden State Wealth Management LLC bought a new position in shares of Joby Aviation in the fourth quarter worth $42,000. Allworth Financial LP increased its holdings 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 purchasing an additional 3,320 shares during the period. Finally, Jones Financial Companies Lllp raised its stake in shares of Joby Aviation by 374.3% during the fourth quarter. Jones Financial Companies Lllp now owns 8,703 shares of the company’s stock valued at $71,000 after purchasing an additional 6,868 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on JOBY shares. Needham & Company LLC reiterated a “buy” rating and issued a $10.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. Canaccord Genuity Group raised their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research note on Wednesday, January 8th. HC Wainwright restated a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. JPMorgan Chase & Co. decreased their price target 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. Finally, Cantor Fitzgerald reissued an “overweight” 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 issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.90.

Insider Activity

In other Joby Aviation news, insider Kate Dehoff sold 6,205 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $8.10, for a total transaction of $50,260.50. Following the sale, the insider now owns 215,947 shares in the company, valued at approximately $1,749,170.70. The trade was a 2.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bonny W. Simi sold 9,695 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $6.78, for a total transaction of $65,732.10. Following the completion of the transaction, the insider now owns 146,941 shares of the company’s stock, valued at approximately $996,259.98. The trade was a 6.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,191,832 shares of company stock worth $9,796,214. Insiders own 32.40% of the company’s stock.

Joby Aviation Price Performance

JOBY stock opened at $6.05 on Tuesday. The firm has a market cap of $4.76 billion, a PE ratio of -8.64 and a beta of 2.35. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $10.72. The firm has a 50 day simple moving average of $7.21 and a 200 day simple moving average of $6.94.

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.