5 Best Stocks Under $11 in Cathie Wood’s Portfolio

2. Joby Aviation, Inc. (NYSE:JOBY)

ARK Investment Management Stake Value: $11,885,000
Percentage of ARK Investment Management’s 13F Portfolio: 0.02%
Number of Hedge Fund Holders: N/A
Price per Share as of Nov. 5, 2021: $9.96

In the second quarter, Cathie Wood increased her stake in aircraft manufacturing company Joby Aviation, Inc. (NYSE:JOBY) by 2547%, and her 0.02% stake in the company is now worth about $11.89 million.

In September, Morgan Stanley analyst Kristine Liwag initiated coverage of Joby Aviation, rating the stock as an “Overweight” and gave a price target of $16.

Among the hedge funds being tracked by Insider Monkey, 683 Capital Partners is a leading shareholder in Joby Aviation, Inc. (NYSE:JOBY), with 5.44 million shares worth more than $54.34 million.