Joby Aviation, Inc. (NYSE:JOBY) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its position in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,115,380 shares of the company's stock after acquiring an additional 672,946 shares during the quarter. Northern Trust Corp owned approximately 0.54% of Joby Aviation worth $33,458,000 as of its most recent filing with the SEC.

• Joby's Q1: Key Milestones Achieved as Path to Market Crystalizes

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whittier Trust Co. purchased a new position in shares of Joby Aviation during the 4th quarter worth $38,000. Salem Investment Counselors Inc. lifted its position in Joby Aviation by 5,000.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company's stock worth $41,000 after buying an additional 5,000 shares during the period. Compagnie Lombard Odier SCmA acquired a new stake in Joby Aviation in the 4th quarter worth about $41,000. Golden State Wealth Management LLC purchased a new stake in Joby Aviation in the 4th quarter valued at about $42,000. Finally, Allworth Financial LP increased its stake in shares of Joby Aviation by 200.6% during 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 hedge funds and other institutional investors.

Analysts Set New Price Targets

JOBY has been the topic of several research analyst reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $9.00 target price on shares of Joby Aviation in a research report on Monday, May 5th. Morgan Stanley reiterated an "equal weight" rating and issued a $7.00 price target (down previously from $10.00) on shares of Joby Aviation in a report on Friday, April 11th. Canaccord Genuity Group upped their price objective on Joby Aviation from $11.50 to $12.00 and gave the stock a "buy" rating in a report on Thursday. HC Wainwright reiterated a "buy" rating and issued a $9.00 target price on shares of Joby Aviation in a report on Wednesday, April 30th. Finally, Needham & Company LLC restated a "buy" rating and set a $10.00 price target on shares of Joby Aviation in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $8.67.

• Joby Aviation Shares Eye Breakout After Transition Flight Win

Read Our Latest Analysis on Joby Aviation

Insider Activity

In related news, insider Kate Dehoff sold 6,903 shares of Joby Aviation stock in a transaction on Thursday, February 13th. The shares were sold at an average price of $7.43, for a total transaction of $51,289.29. Following the sale, the insider now owns 202,276 shares of the company's stock, valued at $1,502,910.68. The trade was a 3.30 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul Cahill Sciarra sold 166,667 shares of the company's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $5.73, for a total transaction of $955,001.91. Following the completion of the transaction, the director now directly owns 58,328,061 shares of the company's stock, valued at approximately $334,219,789.53. The trade was a 0.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 668,827 shares of company stock worth $4,108,524. 28.50% of the stock is currently owned by corporate insiders.

Joby Aviation Trading Up 2.0 %

• Market Anticipation Builds: Joby Stock Climbs Ahead of Earnings

Shares of NYSE JOBY opened at $6.78 on Friday. The stock has a fifty day moving average price of $6.21 and a 200 day moving average price of $7.05. The company has a market cap of $5.34 billion, a P/E ratio of -9.69 and a beta of 2.34. Joby Aviation, Inc. has a 12-month low of $4.66 and a 12-month high of $10.72.

Joby Aviation Company 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.

Featured Stories

• Five stocks we like better than Joby Aviation
• Airline Stocks - Top Airline Stocks to Buy Now
• GlobalFoundries Stock Hits Bottom: Is a Rebound Coming?
• 3 Monster Growth Stocks to Buy Now
• Here's The Reason Goldman Sachs Is Bullish On MercadoLibre Stock
• What is a Death Cross in Stocks?
• Analyst-Favorite Bitcoin Miner CleanSpark: Worth the Hype?

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Joby Aviation Right Now?

Before you consider Joby Aviation, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Joby Aviation wasn't on the list.

While Joby Aviation currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here