JonesTrading
JonesTrading is an institutional broker-dealer headquartered in Thousand Oaks, California. Founded in 1975 and known for equity block trading handled directly by experienced traders, it has expanded into investment banking and sector equity research.
Activity24M
RatingsPrice targetsKey figures
- Stocks covered
- 4412M
- Actions
- 10512M
- Ratings / Price targets
- 105 / 0
- Upgrades / Downgrades
- 6 / 11
- Buy-rated
- 77%of 44 rated
- On record
- Jan 2020 – Sep 2026
Overview
Market color and insight have been at the heart of advising our clients on optimal block trading strategies.
JonesTrading publishes research on healthcare and biotechnology, specialty finance and real estate, aerospace and defense, industrial technology, and disruptive technology. It added senior biotechnology and technology analysts in 2026. The firm describes its business as built on relationships and an understanding of each client's goals, and says it has focused on providing liquidity to institutional and corporate clients without conflicts of interest since 1975.
The firm traces to Jones & Associates, an institutional agency broker that George E. Jones Jr. founded in Santa Monica in 1975. His son William "Packy" Jones became executive chairman and CEO in January 2004, when the firm was reorganized under the JonesTrading Institutional Services name. It later added investment banking and, from 2018, sector-specific equity research; Alan Hill, who joined as CFO in 2006, has been CEO since 2014.
Milestones
- 1975
George E. Jones Jr. founds Jones & Associates in Santa Monica
- 2004
Packy Jones becomes CEO; firm reorganized as JonesTrading
- 2014
Alan Hill becomes chief executive
- 2018
Launches sector-specific equity research
Firm facts
- Legal name
- JonesTrading Institutional Services LLC
- Type
- Boutique
- Founded
- 1975
- Headquarters
- Thousand Oaks, United States
- CEO
- Alan Hill
- Director of Research
- Hans Vitzthum
- Rating scale
- BuyHoldSell12 months
- Also filed as
- Jones Trading
- Website
- jonestrading.com
Research philosophy
In 2018, chief executive Alan Hill described sector research as a way to complement the firm's real-time trading insights with stock-specific analysis. In 2026, he said the research platform would focus on sectors with substantial potential to shape future markets.
Rating methodology
Its 12-month ratings are Buy for an expected total return of at least 15%, Hold for a return within ±15%, and Sell for a return of −15% or worse. Hold-rated stocks do not receive price targets.
Coverage12M
Sectors
Most covered24M
Recent actions
| Date | Stock | Rating action | Rating |
|---|---|---|---|
| Sep 22 |  The Real Brokerage Inc.REAX | Reiterate | Buy |
| Sep 18 |  CoreCivic, Inc.CXW | Reiterate | Buy |
| Sep 17 |  Adamas Trust, Inc.ADAM | Reiterate | Buy |
| Sep 15 | The Real Brokerage Inc.REAX | Reiterate | Buy |
| Sep 15 | CTContineum Therapeutics, Inc. Class A Common StockCTNM | Reiterate | Buy |
| Sep 14 | The Real Brokerage Inc.REAX | Reiterate | Buy |
| Sep 14 | Adamas Trust, Inc.ADAM | Reiterate | Buy |
| Sep 11 | The Real Brokerage Inc.REAX | Reiterate | Buy |
| Sep 11 | Adamas Trust, Inc.ADAM | Reiterate | Buy |
| Sep 1 | Adamas Trust, Inc.ADAM | Reiterate | Buy |
| Aug 25 | The Real Brokerage Inc.REAX | Reiterate | Buy |
| Aug 24 | PSPershing Square Inc.PS | Reiterate | Buy |