SBI Securities Co. Ltd. acquired a new position in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 161,953 shares of the company's stock, valued at approximately $1,317,000.
Several other hedge funds also recently modified their holdings of the business. Baillie Gifford & Co. boosted its position in shares of Joby Aviation by 4.3% during the 4th quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company's stock valued at $447,412,000 after acquiring an additional 2,281,161 shares in the last quarter. State Street Corp boosted its holdings in Joby Aviation by 9.5% during the third quarter. State Street Corp now owns 9,372,636 shares of the company's stock valued at $47,144,000 after purchasing an additional 812,248 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Joby Aviation by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company's stock valued at $47,245,000 after purchasing an additional 670,852 shares during the period. ARK Investment Management LLC raised its holdings in shares of Joby Aviation by 22.2% in the 4th quarter. ARK Investment Management LLC now owns 3,388,791 shares of the company's stock worth $27,551,000 after buying an additional 616,193 shares in the last quarter. Finally, Rheos Capital Works Inc. lifted its position in shares of Joby Aviation by 17.0% during the 4th quarter. Rheos Capital Works Inc. now owns 2,405,000 shares of the company's stock worth $19,553,000 after buying an additional 350,000 shares during the period. 52.85% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Joby Aviation news, insider Didier Papadopoulos sold 6,005 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $7.65, for a total value of $45,938.25. Following the completion of the sale, the insider now owns 54,776 shares of the company's stock, valued at approximately $419,036.40. This represents a 9.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joeben Bevirt sold 10,785 shares of Joby Aviation stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $7.43, for a total transaction of $80,132.55. Following the transaction, the chief executive officer now directly owns 793,036 shares in the company, valued at approximately $5,892,257.48. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,021,475 shares of company stock valued at $8,646,418 over the last three months. Company insiders own 32.40% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on JOBY shares. HC Wainwright reaffirmed 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. reduced their target price on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a report on Thursday, February 27th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $9.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Thursday, February 27th. Finally, Canaccord Genuity Group raised their target price on Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Joby Aviation currently has an average rating of "Moderate Buy" and an average target price of $8.90.
Check Out Our Latest Analysis on Joby Aviation
Joby Aviation Stock Down 0.5 %
NYSE JOBY traded down $0.04 during trading hours on Friday, hitting $6.61. The company's stock had a trading volume of 9,768,829 shares, compared to its average volume of 10,447,337. The stock has a fifty day moving average of $8.01 and a 200 day moving average of $6.76. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $10.72. The firm has a market capitalization of $5.05 billion, a P/E ratio of -9.44 and a beta of 2.35.
Joby Aviation Company Profile
(
Free Report)
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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