Joby Aviation, Inc. (NYSE:JOBY) Position Boosted by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC increased its holdings in Joby Aviation, Inc. (NYSE:JOBY) by 1,018.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,116 shares of the company’s stock after purchasing an additional 616,579 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.10% of Joby Aviation worth $3,453,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JOBY. Janney Montgomery Scott LLC lifted its holdings in shares of Joby Aviation by 4.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 109,715 shares of the company’s stock valued at $730,000 after purchasing an additional 4,445 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Joby Aviation in the fourth quarter worth about $115,000. Lingotto Investment Management LLP increased its position in shares of Joby Aviation by 129.8% in the fourth quarter. Lingotto Investment Management LLP now owns 2,088,980 shares of the company’s stock worth $13,892,000 after acquiring an additional 1,180,000 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Joby Aviation during the first quarter valued at approximately $239,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Joby Aviation by 215.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 396,682 shares of the company’s stock valued at $1,965,000 after acquiring an additional 270,794 shares in the last quarter. 45.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Joby Aviation news, insider Matthew Field sold 11,766 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $5.17, for a total value of $60,830.22. Following the completion of the sale, the insider now directly owns 299,880 shares of the company’s stock, valued at $1,550,379.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Kate Dehoff sold 5,815 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $6.76, for a total value of $39,309.40. Following the transaction, the insider now directly owns 199,413 shares of the company’s stock, valued at approximately $1,348,031.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Matthew Field sold 11,766 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $5.17, for a total value of $60,830.22. Following the completion of the sale, the insider now owns 299,880 shares of the company’s stock, valued at $1,550,379.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,427 shares of company stock worth $434,590. Insiders own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

JOBY has been the topic of several research analyst reports. Canaccord Genuity Group lowered their price objective on shares of Joby Aviation from $11.00 to $10.50 and set a “buy” rating on the stock in a research report on Thursday, August 8th. JPMorgan Chase & Co. upped their price target on Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, July 24th. HC Wainwright assumed coverage on Joby Aviation in a research report on Tuesday, September 3rd. They set a “buy” rating and a $9.00 price objective for the company. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a report on Monday, September 23rd.

Joby Aviation Trading Up 2.2 %

NYSE JOBY opened at $5.22 on Monday. Joby Aviation, Inc. has a 1-year low of $4.50 and a 1-year high of $7.69. The firm’s fifty day simple moving average is $5.30 and its 200-day simple moving average is $5.21. The company has a market capitalization of $3.70 billion, a PE ratio of -6.87 and a beta of 1.97.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.18). The firm had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.28 million. During the same period last year, the business earned ($0.17) earnings per share. As a group, analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

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.