Raymond James Financial Inc. Purchases Shares of 266,705 Joby Aviation, Inc. (NYSE:JOBY)

Raymond James Financial Inc. acquired a new position in shares of Joby Aviation, Inc. (NYSE:JOBY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 266,705 shares of the company’s stock, valued at approximately $2,168,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Larson Financial Group LLC raised its holdings in shares of Joby Aviation by 218.3% in the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock worth $37,000 after purchasing an additional 5,000 shares during the period. Salem Investment Counselors Inc. increased its position in Joby Aviation by 5,000.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company’s stock worth $41,000 after purchasing an additional 5,000 shares in the last quarter. Compagnie Lombard Odier SCmA acquired a new position in Joby Aviation during the fourth quarter valued at approximately $41,000. Golden State Wealth Management LLC purchased a new stake in Joby Aviation during the fourth quarter worth approximately $42,000. Finally, Allworth Financial LP grew its stake in Joby Aviation by 200.6% during the fourth quarter. Allworth Financial LP now owns 4,975 shares of the company’s stock worth $44,000 after buying an additional 3,320 shares during the period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Analyst Upgrades and Downgrades

JOBY has been the subject of several recent research reports. Canaccord Genuity Group increased their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a research report on Wednesday, January 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. JPMorgan Chase & Co. cut their price objective on shares of Joby Aviation from $6.00 to $5.00 and set an “underweight” rating on the stock in a report on Thursday, February 27th. HC Wainwright restated a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $9.00 price target on shares of Joby Aviation in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $8.90.

Insider Buying and Selling at Joby Aviation

In related news, insider Didier Papadopoulos sold 7,692 shares of Joby Aviation stock in a transaction on Monday, January 6th. The shares were sold at an average price of $10.00, for a total value of $76,920.00. Following the completion of the sale, the insider now owns 50,902 shares of the company’s stock, valued at approximately $509,020. The trade was a 13.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joeben Bevirt sold 250,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.84, for a total value of $2,460,000.00. Following the transaction, the chief executive officer now directly owns 32,325,793 shares in the company, valued at approximately $318,085,803.12. This represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have 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 Price Performance

Joby Aviation stock opened at $6.12 on Monday. Joby Aviation, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $10.72. The firm’s 50 day simple moving average is $7.25 and its 200-day simple moving average is $6.94. The company has a market cap of $4.82 billion, a P/E ratio of -8.75 and a beta of 2.35.

Joby Aviation 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.