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

Blair William & Co. IL increased its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 1,621.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 468,181 shares of the company's stock after acquiring an additional 440,991 shares during the quarter. Blair William & Co. IL owned about 0.06% of Joby Aviation worth $3,806,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JOBY. Intech Investment Management LLC acquired a new stake in Joby Aviation during the third quarter worth $518,000. CreativeOne Wealth LLC purchased a new position in shares of Joby Aviation during the 3rd quarter worth $79,000. Verition Fund Management LLC increased its position in shares of Joby Aviation by 118.9% during the 3rd quarter. Verition Fund Management LLC now owns 78,339 shares of the company's stock worth $394,000 after purchasing an additional 42,544 shares during the last quarter. Fred Alger Management LLC raised its holdings in Joby Aviation by 89.4% in the 3rd quarter. Fred Alger Management LLC now owns 123,368 shares of the company's stock valued at $621,000 after buying an additional 58,229 shares during the period. Finally, Holocene Advisors LP lifted its position in Joby Aviation by 91.7% in the third quarter. Holocene Advisors LP now owns 521,327 shares of the company's stock valued at $2,622,000 after buying an additional 249,375 shares during the last quarter. Hedge funds and other institutional investors own 52.85% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on JOBY shares. HC Wainwright reiterated a "buy" rating and issued a $9.00 target price on shares of Joby Aviation in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a report on Thursday, February 27th. Needham & Company LLC restated a "buy" rating and set a $10.00 target price on shares of Joby Aviation in a report on Thursday, February 27th. Canaccord Genuity Group lifted their target price on Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a research report on Wednesday, January 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $9.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $8.90.

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Joby Aviation Trading Up 1.9 %

JOBY traded up $0.11 on Wednesday, hitting $6.04. 13,055,548 shares of the company were exchanged, compared to its average volume of 10,873,419. The firm has a 50-day moving average price of $7.15 and a two-hundred day moving average price of $6.95. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72. The company has a market cap of $4.76 billion, a price-to-earnings ratio of -8.63 and a beta of 2.35.

Insider Activity

In related news, CEO Joeben Bevirt sold 250,000 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $9.84, for a total transaction of $2,460,000.00. Following the completion of the transaction, the chief executive officer now owns 32,325,793 shares in the company, valued at approximately $318,085,803.12. The trade was a 0.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bonny W. Simi sold 31,489 shares of the stock in a transaction on Friday, January 17th. The shares were sold at an average price of $8.33, for a total value of $262,303.37. Following the completion of the transaction, the insider now directly owns 137,097 shares in the company, valued at $1,142,018.01. This trade represents a 18.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,191,832 shares of company stock worth $9,796,214. 32.40% of the stock is currently owned by company insiders.

Joby Aviation Company 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.