Joby Aviation, Inc. (NYSE:JOBY) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC raised its position in Joby Aviation, Inc. (NYSE:JOBYFree Report) by 24.3% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 194,459 shares of the company’s stock after acquiring an additional 37,956 shares during the quarter. SG Americas Securities LLC’s holdings in Joby Aviation were worth $1,581,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new position in Joby Aviation during the third quarter worth about $518,000. Fred Alger Management LLC raised its stake in shares of Joby Aviation by 89.4% during the 3rd quarter. Fred Alger Management LLC now owns 123,368 shares of the company’s stock worth $621,000 after buying an additional 58,229 shares in the last quarter. Hamilton Lane Advisors LLC acquired a new stake in shares of Joby Aviation in the 4th quarter valued at approximately $418,000. Caprock Group LLC boosted its stake in shares of Joby Aviation by 179.5% in the third quarter. Caprock Group LLC now owns 124,404 shares of the company’s stock valued at $626,000 after buying an additional 79,896 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC grew its holdings in Joby Aviation by 1,018.5% during the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after acquiring an additional 616,579 shares during the period. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Insider Transactions at Joby Aviation

In other news, insider Bonny W. Simi sold 31,489 shares of Joby Aviation stock in a transaction on Friday, January 17th. The stock was sold at an average price of $8.33, for a total value of $262,303.37. Following the completion of the sale, the insider now owns 137,097 shares of the company’s stock, valued at $1,142,018.01. The trade was a 18.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kate Dehoff sold 6,205 shares of the stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $8.10, for a total value of $50,260.50. Following the transaction, the insider now owns 215,947 shares in the company, valued at $1,749,170.70. This trade represents a 2.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 672,338 shares of company stock worth $5,864,050 over the last ninety days. 32.40% of the stock is currently owned by corporate insiders.

Joby Aviation Stock Performance

JOBY stock opened at $8.23 on Tuesday. The stock’s 50 day moving average price is $8.20 and its 200 day moving average price is $6.45. The firm has a market cap of $6.29 billion, a P/E ratio of -11.75 and a beta of 2.33. Joby Aviation, Inc. has a 1 year low of $4.50 and a 1 year high of $10.72.

Joby Aviation (NYSE:JOBYGet Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. The company had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.06 million. During the same period in the previous year, the business earned ($0.13) EPS. On average, research analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

JOBY has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. downgraded Joby Aviation from a “neutral” rating to an “underweight” rating and raised their target price for the company from $5.00 to $6.00 in a report on Friday, January 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Monday, September 30th. HC Wainwright reaffirmed a “buy” rating and issued a $9.00 target price on shares of Joby Aviation in a report on Wednesday, December 18th. Needham & Company LLC raised their price objective on Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, Canaccord Genuity Group boosted their target price on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Joby Aviation presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.30.

View Our Latest Report on Joby Aviation

Joby Aviation Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Joby Aviation (NYSE:JOBY)

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