Wellington Shields Capital Management LLC Makes New $81,000 Investment in Joby Aviation, Inc. (NYSE:JOBY)

Wellington Shields Capital Management LLC bought a new position in shares of Joby Aviation, Inc. (NYSE:JOBY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,000 shares of the company’s stock, valued at approximately $81,000.

Several other institutional investors have also recently bought and sold shares of JOBY. Janney Montgomery Scott LLC raised its stake in Joby Aviation by 15.0% during the third quarter. Janney Montgomery Scott LLC now owns 266,882 shares of the company’s stock worth $1,342,000 after acquiring an additional 34,866 shares in the last quarter. Empowered Funds LLC acquired a new position in Joby Aviation during the third quarter worth about $51,000. Caprock Group LLC raised its stake in Joby Aviation by 179.5% during the third quarter. Caprock Group LLC now owns 124,404 shares of the company’s stock worth $626,000 after acquiring an additional 79,896 shares in the last quarter. Intech Investment Management LLC acquired a new position in Joby Aviation during the third quarter worth about $518,000. Finally, Larson Financial Group LLC raised its stake in Joby Aviation by 218.3% during the third quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock worth $37,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity at Joby Aviation

In other Joby Aviation news, insider Didier Papadopoulos sold 6,005 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $7.65, for a total transaction of $45,938.25. Following the transaction, the insider now directly owns 54,776 shares in the company, valued at approximately $419,036.40. This represents a 9.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kate Dehoff sold 6,903 shares of the 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 transaction, the insider now owns 202,276 shares in the company, valued at $1,502,910.68. The trade was a 3.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,021,475 shares of company stock worth $8,646,418 over the last ninety days. Insiders own 32.40% of the company’s stock.

Joby Aviation Price Performance

Shares of JOBY stock opened at $6.25 on Friday. The business’s 50 day simple moving average is $7.72 and its 200 day simple moving average is $6.81. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72. The stock has a market capitalization of $4.92 billion, a PE ratio of -8.92 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.