XTX Topco Ltd Takes Position in Joby Aviation, Inc. (NYSE:JOBY)

XTX Topco Ltd bought a new position in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 155,343 shares of the company's stock, valued at approximately $1,263,000.

Other large investors have also bought and sold shares of the company. Bouvel Investment Partners LLC boosted its position in Joby Aviation by 1.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 123,862 shares of the company's stock worth $1,007,000 after purchasing an additional 1,715 shares during the period. Private Advisor Group LLC boosted its position in Joby Aviation by 6.6% in the 4th quarter. Private Advisor Group LLC now owns 36,774 shares of the company's stock valued at $299,000 after buying an additional 2,261 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Joby Aviation by 35.3% in the fourth quarter. Larson Financial Group LLC now owns 9,864 shares of the company's stock valued at $80,000 after buying an additional 2,574 shares during the period. Empowered Funds LLC increased its stake in shares of Joby Aviation by 32.7% in the 4th quarter. Empowered Funds LLC now owns 13,409 shares of the company's stock valued at $109,000 after acquiring an additional 3,308 shares during the last quarter. Finally, Allworth Financial LP raised its stake in Joby Aviation by 200.6% during the 4th quarter. Allworth Financial LP now owns 4,975 shares of the company's stock worth $44,000 after buying an additional 3,320 shares during the period. Institutional investors own 52.85% of the company's stock.

Insider Activity at Joby Aviation

In other news, insider Bonny W. Simi sold 9,695 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $6.78, for a total transaction of $65,732.10. Following the transaction, the insider now directly owns 146,941 shares in the company, valued at $996,259.98. The trade was a 6.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Kate Dehoff sold 6,903 shares of the firm's stock in a transaction dated Thursday, February 13th. The stock was 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 approximately $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 sold 823,112 shares of company stock valued at $5,754,922 over the last 90 days. Corporate insiders own 32.40% of the company's stock.

Joby Aviation Price Performance

JOBY stock traded up $0.07 during trading on Friday, reaching $5.86. The company had a trading volume of 11,563,126 shares, compared to its average volume of 11,345,349. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $10.72. The company has a market cap of $4.62 billion, a P/E ratio of -8.38 and a beta of 2.35. The business has a 50 day moving average of $6.46 and a 200 day moving average of $6.97.

Wall Street Analysts Forecast Growth

JOBY has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their price target on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a research report on Thursday, February 27th. Needham & Company LLC reissued a "buy" rating and set a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. Canaccord Genuity Group raised their price objective on shares of Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a report on Wednesday, January 8th. Morgan Stanley restated an "equal weight" rating and issued a $7.00 target price (down previously from $10.00) on shares of Joby Aviation in a report on Friday, April 11th. Finally, HC Wainwright reiterated a "buy" rating and issued a $9.00 target price on shares of Joby Aviation in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $8.58.

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.