Joby Aviation, Inc. (NYSE:JOBY) Stock Position Raised by Baillie Gifford & Co.

Baillie Gifford & Co. raised its position in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 55,032,165 shares of the company's stock after acquiring an additional 2,281,161 shares during the period. Baillie Gifford & Co. owned approximately 7.19% of Joby Aviation worth $447,412,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in JOBY. Allworth Financial LP lifted its stake in shares of Joby Aviation by 200.6% in 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. Rhumbline Advisers lifted its stake in shares of Joby Aviation by 8.6% in the fourth quarter. Rhumbline Advisers now owns 594,419 shares of the company's stock valued at $4,833,000 after purchasing an additional 47,070 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in shares of Joby Aviation in the fourth quarter valued at about $41,000. Entropy Technologies LP acquired a new stake in shares of Joby Aviation in the fourth quarter valued at about $300,000. Finally, Empowered Funds LLC lifted its stake 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 purchasing an additional 3,308 shares during the period. Institutional investors and hedge funds own 52.85% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on JOBY. HC Wainwright restated a "buy" rating and set a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, December 18th. Canaccord Genuity Group lifted their target price on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. JPMorgan Chase & Co. cut shares of Joby Aviation from a "neutral" rating to an "underweight" rating and lifted their target price for the stock from $5.00 to $6.00 in a research note on Friday, January 10th. Finally, Needham & Company LLC lifted their target price on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $9.30.

Insiders Place Their Bets

In other Joby Aviation news, CEO Joeben Bevirt sold 23,886 shares of the business's 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 owns 768,293 shares in the company, valued at $6,207,807.44. The trade was a 3.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Didier Papadopoulos sold 7,692 shares of the business's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $10.00, for a total transaction of $76,920.00. Following the completion of the transaction, the insider now owns 50,902 shares in the company, valued at $509,020. This represents a 13.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,023,005 shares of company stock worth $8,667,288 in the last quarter. 32.40% of the stock is owned by corporate insiders.

Joby Aviation Stock Performance

Shares of NYSE:JOBY traded down $0.12 during midday trading on Thursday, hitting $7.48. 12,631,590 shares of the company's stock traded hands, compared to its average volume of 13,375,517. The company has a market cap of $5.72 billion, a PE ratio of -10.68 and a beta of 2.33. The firm's fifty day moving average price is $8.27 and its two-hundred day moving average price is $6.64. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72.

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.