Private Advisor Group LLC Increases Stake in Joby Aviation, Inc. (NYSE:JOBY)

Private Advisor Group LLC raised its holdings in Joby Aviation, Inc. (NYSE:JOBY) by 45.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 34,513 shares of the company’s stock after buying an additional 10,765 shares during the quarter. Private Advisor Group LLC’s holdings in Joby Aviation were worth $174,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC grew its position in shares of Joby Aviation by 216.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company’s stock worth $44,000 after buying an additional 5,840 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Joby Aviation by 3,311.3% in the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock worth $52,000 after buying an additional 10,000 shares during the last quarter. Integris Wealth Management LLC bought a new stake in shares of Joby Aviation in the 2nd quarter worth approximately $54,000. Dakota Wealth Management bought a new stake in shares of Joby Aviation in the 2nd quarter worth approximately $56,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Joby Aviation in the 2nd quarter worth approximately $57,000. 45.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Joby Aviation news, insider Kate Dehoff sold 27,898 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $5.50, for a total value of $153,439.00. Following the sale, the insider now directly owns 199,413 shares of the company’s stock, valued at approximately $1,096,771.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Kate Dehoff sold 27,898 shares of the business’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $5.50, for a total value of $153,439.00. Following the completion of the transaction, the insider now owns 199,413 shares in the company, valued at $1,096,771.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Joeben Bevirt sold 250,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $4.85, for a total value of $1,212,500.00. Following the completion of the transaction, the chief executive officer now owns 32,674,274 shares of the company’s stock, valued at $158,470,228.90. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 525,499 shares of company stock valued at $2,667,151. 32.40% of the stock is currently owned by corporate insiders.

Joby Aviation Stock Up 2.3 %

NYSE JOBY opened at $5.22 on Friday. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $7.69. The firm has a market capitalization of $3.73 billion, a PE ratio of -7.45 and a beta of 1.97. The stock’s 50 day moving average is $5.31 and its 200 day moving average is $5.30.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative return on equity of 49.26% and a negative net margin of 42,844.57%. The company had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.06 million. During the same period last year, the firm posted ($0.13) earnings per share. On average, research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Canaccord Genuity Group cut their price objective on Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. HC Wainwright restated a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price target on Joby Aviation from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Monday, September 30th.

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.