Good Life Advisors LLC Invests $99,000 in Joby Aviation, Inc. (NYSE:JOBY)

Good Life Advisors LLC bought a new position in Joby Aviation, Inc. (NYSE:JOBYFree Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 12,238 shares of the company’s stock, valued at approximately $99,000.

A number of other hedge funds have also modified their holdings of the stock. Baillie Gifford & Co. raised its holdings in shares of Joby Aviation by 4.3% in the 4th quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock worth $447,412,000 after buying an additional 2,281,161 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 worth $47,245,000 after buying an additional 670,852 shares in the last quarter. State Street Corp raised its holdings in shares of Joby Aviation by 9.5% in the 3rd quarter. State Street Corp now owns 9,372,636 shares of the company’s stock worth $47,144,000 after buying an additional 812,248 shares in the last quarter. Rheos Capital Works Inc. raised its holdings in shares of Joby Aviation by 17.0% in 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 in the last quarter. Finally, Rhumbline Advisers increased its holdings in Joby Aviation by 8.6% during the 4th 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 in the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Joeben Bevirt sold 10,785 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $7.43, for a total value of $80,132.55. Following the transaction, the chief executive officer now directly owns 793,036 shares in the company, valued at $5,892,257.48. This trade represents a 1.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gregory Bowles sold 7,748 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $8.08, for a total value of $62,603.84. Following the completion of the transaction, the insider now owns 29,235 shares in the company, valued at $236,218.80. This represents a 20.95 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,023,005 shares of company stock valued at $8,667,288. Company insiders own 32.40% of the company’s stock.

Joby Aviation Stock Performance

NYSE JOBY opened at $6.98 on Friday. The stock has a fifty day moving average of $8.27 and a 200-day moving average of $6.65. The stock has a market capitalization of $5.34 billion, a P/E ratio of -9.96 and a beta of 2.33. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $10.72.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. cut Joby Aviation from a “neutral” rating to an “underweight” rating and raised their price target for the company from $5.00 to $6.00 in a report on Friday, January 10th. Canaccord Genuity Group raised their price target on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a report on Wednesday, January 8th. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a report on Wednesday, December 18th. Finally, Needham & Company LLC raised their price target on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $9.30.

View Our Latest Research Report on JOBY

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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Institutional Ownership by Quarter for Joby Aviation (NYSE:JOBY)

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