Invesco Ltd. Sells 246,464 Shares of Joby Aviation, Inc. (NYSE:JOBY)

Invesco Ltd. decreased its position in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 22.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 837,535 shares of the company's stock after selling 246,464 shares during the period. Invesco Ltd. owned about 0.11% of Joby Aviation worth $6,809,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of JOBY. Bouvel Investment Partners LLC boosted its holdings in Joby Aviation by 1.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company's stock worth $1,007,000 after purchasing an additional 1,715 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Joby Aviation by 6.6% in the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company's stock valued at $299,000 after acquiring an additional 2,261 shares in the last quarter. Larson Financial Group LLC increased its position in shares of Joby Aviation by 35.3% in the fourth quarter. Larson Financial Group LLC now owns 9,864 shares of the company's stock valued at $80,000 after acquiring an additional 2,574 shares during the last quarter. Empowered Funds LLC increased its position in shares of Joby Aviation by 32.7% in the fourth quarter. Empowered Funds LLC now owns 13,409 shares of the company's stock valued at $109,000 after acquiring an additional 3,308 shares during the last quarter. Finally, Allworth Financial LP boosted its position in 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 last quarter. Institutional investors and hedge funds own 52.85% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on JOBY. Cantor Fitzgerald reissued an "overweight" rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Morgan Stanley reissued an "equal weight" rating and issued a $7.00 price objective (down previously from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. Canaccord Genuity Group upped their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a report on Wednesday, January 8th. Needham & Company LLC reiterated a "buy" rating and set a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Finally, HC Wainwright reissued a "buy" rating and set a $9.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.58.

Insider Activity at Joby Aviation

In other Joby Aviation news, insider Bonny W. Simi sold 9,695 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $6.78, for a total value of $65,732.10. Following the completion of the transaction, the insider now owns 146,941 shares of the company's stock, valued at $996,259.98. This represents a 6.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Eric Allison sold 24,395 shares of the company's stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $6.04, for a total value of $147,345.80. Following the completion of the transaction, the insider now directly owns 627,726 shares of the company's stock, valued at $3,791,465.04. This represents a 3.74 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,002,161 shares of company stock valued at $6,781,863. 32.40% of the stock is owned by insiders.

Joby Aviation Stock Up 5.2 %

JOBY stock opened at $6.48 on Friday. The business has a 50-day simple moving average of $6.31 and a 200 day simple moving average of $6.98. The company has a market cap of $5.11 billion, a PE ratio of -9.26 and a beta of 2.35. Joby Aviation, Inc. has a 52 week low of $4.66 and a 52 week high of $10.72.

About Joby Aviation

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.

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