Joby Aviation, Inc. (NYSE:JOBY) Shares Purchased by Texas Yale Capital Corp.

Texas Yale Capital Corp. raised its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 14.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,300 shares of the company’s stock after buying an additional 4,300 shares during the quarter. Texas Yale Capital Corp.’s holdings in Joby Aviation were worth $279,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of JOBY. Bouvel Investment Partners LLC grew its holdings in shares of Joby Aviation by 1.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company’s stock valued at $1,007,000 after purchasing an additional 1,715 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Joby Aviation by 6.6% during the fourth quarter. Private Advisor Group LLC now owns 36,774 shares of the company’s stock valued at $299,000 after purchasing an additional 2,261 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of Joby Aviation by 35.3% during the fourth quarter. Larson Financial Group LLC now owns 9,864 shares of the company’s stock valued at $80,000 after purchasing an additional 2,574 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Joby Aviation by 32.7% during the fourth quarter. Empowered Funds LLC now owns 13,409 shares of the company’s stock valued at $109,000 after purchasing an additional 3,308 shares during the last quarter. Finally, Allworth Financial LP grew its holdings in shares of Joby Aviation by 200.6% during the fourth quarter. Allworth Financial LP now owns 4,975 shares of the company’s stock valued at $44,000 after purchasing an additional 3,320 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Insider Buying and Selling at Joby Aviation

In other news, CEO Joeben Bevirt sold 250,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $5.89, for a total transaction of $1,472,500.00. Following the completion of the sale, the chief executive officer now owns 32,275,793 shares in the company, valued at approximately $190,104,420.77. This represents a 0.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kate Dehoff sold 6,205 shares of the stock in a transaction on Monday, January 13th. The shares were sold at an average price of $8.10, for a total value of $50,260.50. Following the sale, the insider now owns 215,947 shares of the company’s stock, valued at $1,749,170.70. This trade represents a 2.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,171,610 shares of company stock valued at $8,602,385. 32.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on JOBY. HC Wainwright reaffirmed a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a report on Thursday, February 27th. Canaccord Genuity Group upped their target price on Joby Aviation from $9.75 to $11.50 and gave the company a “buy” rating in a report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on Joby Aviation from $6.00 to $5.00 and set an “underweight” rating for the company in a report on Thursday, February 27th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Thursday, February 27th. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $8.90.

Joby Aviation Price Performance

Shares of JOBY stock opened at $6.27 on Thursday. The business has a 50 day simple moving average of $6.71 and a 200 day simple moving average of $6.95. The firm has a market capitalization of $4.94 billion, a price-to-earnings ratio of -8.95 and a beta of 2.35. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $10.72.

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.