Joby Aviation, Inc. (NYSE:JOBY) Shares Bought by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 297.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 87,758 shares of the company's stock after purchasing an additional 65,696 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Joby Aviation were worth $713,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Intech Investment Management LLC acquired a new position in shares of Joby Aviation in the 3rd quarter valued at $518,000. Rheos Capital Works Inc. raised its position in shares of Joby Aviation by 17.0% in the fourth quarter. Rheos Capital Works Inc. now owns 2,405,000 shares of the company's stock worth $19,553,000 after acquiring an additional 350,000 shares during the period. Fred Alger Management LLC raised its position in shares of Joby Aviation by 89.4% in the third quarter. Fred Alger Management LLC now owns 123,368 shares of the company's stock worth $621,000 after acquiring an additional 58,229 shares during the period. Hamilton Lane Advisors LLC purchased a new stake in shares of Joby Aviation during the 4th quarter worth about $418,000. Finally, Entropy Technologies LP acquired a new stake in shares of Joby Aviation during the 4th quarter valued at about $300,000. Hedge funds and other institutional investors own 52.85% of the company's stock.

Insider Buying and Selling

In related news, insider Didier Papadopoulos sold 7,692 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $10.00, for a total value of $76,920.00. Following the completion of the sale, the insider now owns 50,902 shares of the company's stock, valued at approximately $509,020. This represents a 13.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Paul Cahill Sciarra sold 166,667 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 $1,130,002.26. Following the sale, the director now owns 58,494,728 shares of the company's stock, valued at approximately $396,594,255.84. The trade was a 0.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,191,832 shares of company stock worth $9,796,214. 32.40% of the stock is owned by insiders.

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Joby Aviation Trading Down 1.4 %

JOBY stock traded down $0.09 during midday trading on Tuesday, reaching $5.94. The stock had a trading volume of 10,537,626 shares, compared to its average volume of 10,864,714. Joby Aviation, Inc. has a 52-week low of $4.50 and a 52-week high of $10.72. The company's fifty day simple moving average is $7.15 and its 200 day simple moving average is $6.95. The company has a market cap of $4.68 billion, a price-to-earnings ratio of -8.48 and a beta of 2.35.

Analyst Ratings Changes

A number of research firms recently weighed in on JOBY. HC Wainwright reaffirmed a "buy" rating and issued a $9.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Cantor Fitzgerald reiterated an "overweight" rating and set a $9.00 target price on shares of Joby Aviation in a research report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Canaccord Genuity Group increased their price objective 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Thursday, February 27th. One equities research 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 presently has an average rating of "Moderate Buy" and a consensus target price of $8.90.

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.