Joby Aviation, Inc. (NYSE:JOBY) Shares Purchased by Baillie Gifford & Co.

Baillie Gifford & Co. boosted its holdings in Joby Aviation, Inc. (NYSE:JOBY) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 55,032,165 shares of the company’s stock after acquiring an additional 2,281,161 shares during the period. Baillie Gifford & Co. owned 0.07% of Joby Aviation worth $447,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in JOBY. Larson Financial Group LLC grew its stake 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 acquiring an additional 5,000 shares during the last quarter. Salem Investment Counselors Inc. grew its stake 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 acquiring an additional 5,000 shares during the last quarter. Compagnie Lombard Odier SCmA acquired a new stake in Joby Aviation in the 4th quarter valued at about $41,000. Golden State Wealth Management LLC acquired a new stake in Joby Aviation in the 4th quarter valued at about $42,000. Finally, Allworth Financial LP grew its stake in Joby Aviation by 200.6% in the 4th quarter. Allworth Financial LP now owns 4,975 shares of the company’s stock valued at $44,000 after acquiring an additional 3,320 shares during the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Joby Aviation

In related news, CEO Joeben Bevirt sold 23,886 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $8.08, for a total value of $192,998.88. Following the transaction, the chief executive officer now owns 768,293 shares in the company, valued at approximately $6,207,807.44. This trade represents a 3.02 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Didier Papadopoulos sold 6,005 shares of the firm’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 transaction of $45,938.25. Following the completion of the transaction, the insider now owns 54,776 shares in the company, valued at $419,036.40. The trade was a 9.88 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,025,284 shares of company stock worth $8,683,241 in the last three months. Company insiders own 32.40% of the company’s stock.

Joby Aviation Trading Up 3.6 %

Shares of JOBY stock opened at $7.86 on Monday. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $10.72. The firm’s 50-day simple moving average is $8.30 and its 200-day simple moving average is $6.60.

Analysts Set New Price Targets

JOBY has been the topic of several analyst reports. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a research note on Wednesday, December 18th. Canaccord Genuity Group raised their price target on shares of Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Needham & Company LLC raised their price target on shares of Joby Aviation from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, JPMorgan Chase & Co. cut shares of Joby Aviation from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $5.00 to $6.00 in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat, Joby Aviation currently has an average rating of “Moderate Buy” and a consensus price target of $9.30.

About Joby Aviation

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.