136,485 Shares in Joby Aviation, Inc. (NYSE:JOBY) Purchased by Headlands Technologies LLC

Headlands Technologies LLC acquired a new stake in Joby Aviation, Inc. (NYSE:JOBY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 136,485 shares of the company’s stock, valued at approximately $1,110,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Baillie Gifford & Co. boosted its stake in Joby Aviation by 4.3% in the fourth quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock valued at $447,412,000 after acquiring an additional 2,281,161 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Joby Aviation by 15.8% in the 4th quarter. Vanguard Group Inc. now owns 46,760,562 shares of the company’s stock valued at $380,163,000 after purchasing an additional 6,388,232 shares in the last quarter. Geode Capital Management LLC increased its stake in Joby Aviation by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 10,208,358 shares of the company’s stock worth $83,015,000 after buying an additional 817,638 shares in the last quarter. State Street Corp lifted its stake in 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 purchasing an additional 812,248 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Joby Aviation by 10.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,894,326 shares of the company’s stock worth $31,661,000 after purchasing an additional 361,520 shares during the period. 52.85% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Joby Aviation news, Director Paul Cahill Sciarra sold 333,334 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $8.02, for a total transaction of $2,673,338.68. Following the sale, the director now owns 58,661,395 shares in the company, valued at approximately $470,464,387.90. The trade was a 0.57 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $9.84, for a total value of $2,460,000.00. Following the completion of the sale, the chief executive officer now directly owns 32,325,793 shares of the company’s stock, valued at approximately $318,085,803.12. This trade represents a 0.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,191,832 shares of company stock valued at $9,796,214 in the last quarter. Company insiders own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JOBY. Needham & Company LLC restated a “buy” rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $9.00 target price on shares of Joby Aviation in a research note on Thursday, February 27th. Canaccord Genuity Group raised their target price 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. HC Wainwright reiterated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. Finally, JPMorgan Chase & Co. dropped their price objective on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.90.

Joby Aviation Stock Down 1.4 %

NYSE:JOBY opened at $5.94 on Wednesday. The company has a market cap of $4.68 billion, a PE ratio of -8.48 and a beta of 2.35. The business’s 50 day moving average is $7.15 and its two-hundred day moving average is $6.95. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $10.72.

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.