Flaharty Asset Management LLC Raises Holdings in Joby Aviation, Inc. (NYSE:JOBY)

Flaharty Asset Management LLC grew its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 100.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Flaharty Asset Management LLC’s holdings in Joby Aviation were worth $163,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Baillie Gifford & Co. grew its position in Joby Aviation by 4.3% in the fourth quarter. Baillie Gifford & Co. now owns 55,032,165 shares of the company’s stock worth $447,412,000 after acquiring an additional 2,281,161 shares in the last quarter. State Street Corp grew its position in Joby Aviation by 9.5% in the third quarter. State Street Corp now owns 9,372,636 shares of the company’s stock worth $47,144,000 after acquiring an additional 812,248 shares in the last quarter. Geode Capital Management LLC grew its position in Joby Aviation by 7.7% in the third quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company’s stock worth $47,245,000 after acquiring an additional 670,852 shares in the last quarter. ARK Investment Management LLC grew its position in Joby Aviation by 22.2% in the fourth quarter. ARK Investment Management LLC now owns 3,388,791 shares of the company’s stock worth $27,551,000 after acquiring an additional 616,193 shares in the last quarter. Finally, Rheos Capital Works Inc. grew its position in Joby Aviation by 17.0% in the fourth quarter. Rheos Capital Works Inc. now owns 2,405,000 shares of the company’s stock worth $19,553,000 after acquiring an additional 350,000 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In related news, insider Didier Papadopoulos sold 6,005 shares of the business’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 value of $45,938.25. Following the completion of the transaction, the insider now owns 54,776 shares of the company’s stock, valued at $419,036.40. The trade was a 9.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul Cahill Sciarra sold 333,332 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $8.00, for a total transaction of $2,666,656.00. Following the completion of the transaction, the director now directly owns 58,994,729 shares of the company’s stock, valued at $471,957,832. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,018,699 shares of company stock valued at $8,628,124. Corporate insiders own 32.40% of the company’s stock.

Joby Aviation Stock Performance

Joby Aviation stock opened at $7.00 on Friday. The company has a 50 day moving average price of $8.14 and a 200-day moving average price of $6.72. Joby Aviation, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $10.72. The company has a market capitalization of $5.35 billion, a PE ratio of -9.99 and a beta of 2.33.

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.