Good Life Advisors LLC Takes Position in Joby Aviation, Inc. (NYSE:JOBY)

Good Life Advisors LLC bought a new stake in shares of Joby Aviation, Inc. (NYSE:JOBY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,238 shares of the company’s stock, valued at approximately $99,000.

Other large investors have also recently bought and sold shares of the company. Larson Financial Group LLC raised its position in Joby Aviation by 218.3% during the third 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 period. Salem Investment Counselors Inc. raised its position in Joby Aviation by 5,000.0% during the fourth 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 period. Compagnie Lombard Odier SCmA acquired a new position in Joby Aviation during the fourth quarter valued at $41,000. Golden State Wealth Management LLC acquired a new position in Joby Aviation during the fourth quarter valued at $42,000. Finally, Allworth Financial LP raised its position in Joby Aviation by 200.6% during the fourth quarter. Allworth Financial LP now owns 4,975 shares of the company’s stock valued at $44,000 after buying an additional 3,320 shares during the period. 52.85% of the stock is owned by institutional investors and hedge funds.

Joby Aviation Stock Performance

Shares of NYSE JOBY opened at $6.98 on Friday. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of -9.96 and a beta of 2.33. The business’s 50-day simple moving average is $8.27 and its 200-day simple moving average is $6.65. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $10.72.

Insider Activity

In related news, CEO Joeben Bevirt sold 23,886 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $8.08, for a total transaction of $192,998.88. Following the completion of the sale, the chief executive officer now owns 768,293 shares in the company, valued at $6,207,807.44. This represents a 3.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kate Dehoff sold 6,903 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was sold at an average price of $7.43, for a total value of $51,289.29. Following the completion of the sale, the insider now owns 202,276 shares of the company’s stock, valued at $1,502,910.68. This represents a 3.30 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,023,005 shares of company stock valued at $8,667,288. Insiders own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lowered Joby Aviation from a “neutral” rating to an “underweight” rating and upped their target price for the stock from $5.00 to $6.00 in a research report on Friday, January 10th. Needham & Company LLC upped their target price 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, HC Wainwright reaffirmed a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.30.

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.