Stratos Wealth Partners LTD. Makes New Investment in Joby Aviation, Inc. (NYSE:JOBY)

Stratos Wealth Partners LTD. purchased a new stake in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 57,277 shares of the company's stock, valued at approximately $466,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Salem Investment Counselors Inc. boosted its position in Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company's stock valued at $41,000 after buying an additional 5,000 shares during the last quarter. Larson Financial Group LLC boosted its position in Joby Aviation by 218.3% in the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company's stock valued at $37,000 after buying an additional 5,000 shares during the last quarter. Empowered Funds LLC bought a new position in Joby Aviation in the 3rd quarter valued at $51,000. Sound Income Strategies LLC boosted its position in Joby Aviation by 3,311.3% in the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company's stock valued at $52,000 after buying an additional 10,000 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in Joby Aviation by 403.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company's stock valued at $58,000 after buying an additional 9,188 shares during the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Joby Aviation news, insider Didier Papadopoulos sold 7,692 shares of Joby Aviation stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $10.00, for a total value of $76,920.00. Following the sale, the insider now owns 50,902 shares of the company's stock, valued at $509,020. This trade represents a 13.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Joeben Bevirt sold 23,886 shares of Joby Aviation stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $8.08, for a total value of $192,998.88. Following the completion of the sale, the chief executive officer now directly owns 768,293 shares in the company, valued at $6,207,807.44. This represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,025,284 shares of company stock worth $8,683,241. Corporate insiders own 32.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on JOBY shares. JPMorgan Chase & Co. lowered Joby Aviation from a "neutral" rating to an "underweight" rating and increased their price objective for the company from $5.00 to $6.00 in a research report on Friday, January 10th. HC Wainwright restated a "buy" rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. Needham & Company LLC raised their price target on Joby Aviation from $8.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Canaccord Genuity Group raised their price target on Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research report on Wednesday, January 8th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $9.30.

Joby Aviation Stock Performance

JOBY stock traded up $0.28 during midday trading on Friday, hitting $7.86. 14,010,559 shares of the company's stock were exchanged, compared to its average volume of 10,840,079. The stock's fifty day moving average price is $8.30 and its 200-day moving average price is $6.60. The company has a market cap of $6.01 billion, a PE ratio of -11.22 and a beta of 2.33. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72.

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.