Modera Wealth Management LLC Buys 7,500 Shares of Joby Aviation, Inc. (NYSE:JOBY)

Modera Wealth Management LLC boosted its holdings in Joby Aviation, Inc. (NYSE:JOBY) by 46.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,500 shares of the company’s stock after acquiring an additional 7,500 shares during the quarter. Modera Wealth Management LLC’s holdings in Joby Aviation were worth $118,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JOBY. Vanguard Group Inc. increased its stake in Joby Aviation by 9.1% in the first quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock valued at $185,776,000 after acquiring an additional 2,889,012 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Joby Aviation in the first quarter valued at about $15,357,000. Ieq Capital LLC boosted its position in Joby Aviation by 68.6% in the second quarter. Ieq Capital LLC now owns 4,441,574 shares of the company’s stock valued at $22,652,000 after buying an additional 1,807,054 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its position in Joby Aviation by 1,018.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock valued at $3,453,000 after buying an additional 616,579 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Joby Aviation by 41.8% in the second quarter. Bank of New York Mellon Corp now owns 1,474,677 shares of the company’s stock valued at $7,521,000 after buying an additional 435,069 shares in the last quarter. Institutional investors own 45.54% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul Cahill Sciarra sold 166,666 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $5.15, for a total transaction of $858,329.90. Following the completion of the sale, the director now directly owns 59,828,059 shares of the company’s stock, valued at $308,114,503.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Joby Aviation news, CEO Joeben Bevirt sold 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $4.85, for a total value of $1,212,500.00. Following the completion of the sale, the chief executive officer now owns 32,674,274 shares of the company’s stock, valued at approximately $158,470,228.90. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Cahill Sciarra sold 166,666 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $5.15, for a total transaction of $858,329.90. Following the completion of the sale, the director now directly owns 59,828,059 shares of the company’s stock, valued at $308,114,503.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 525,499 shares of company stock valued at $2,667,151 over the last ninety days. Insiders own 32.40% of the company’s stock.

Joby Aviation Trading Down 5.0 %

Shares of JOBY stock opened at $5.01 on Wednesday. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -10.21 and a beta of 1.97. The firm’s 50 day moving average is $5.32 and its 200-day moving average is $5.29. Joby Aviation, Inc. has a 1 year low of $4.50 and a 1 year high of $7.69.

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 business had revenue of $0.28 million for the quarter, compared to the consensus estimate of $0.28 million. During the same period last year, the firm earned ($0.17) earnings per share. On average, equities research analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JOBY has been the topic of a number of recent analyst reports. Canaccord Genuity Group reduced their price target on shares of Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. reduced their price target on shares of Joby Aviation from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 target price on shares of Joby Aviation in a research report on Monday, September 30th. Finally, HC Wainwright reiterated a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, October 2nd.

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.