SG Americas Securities LLC Sells 179,559 Shares of Joby Aviation, Inc. (NYSE:JOBY)

SG Americas Securities LLC reduced its stake in shares of Joby Aviation, Inc. (NYSE:JOBY) by 53.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 156,503 shares of the company’s stock after selling 179,559 shares during the period. SG Americas Securities LLC’s holdings in Joby Aviation were worth $787,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC increased its holdings in Joby Aviation by 216.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company’s stock worth $44,000 after purchasing an additional 5,840 shares in the last quarter. Integris Wealth Management LLC bought a new stake in Joby Aviation during the 2nd quarter worth approximately $54,000. Dakota Wealth Management bought a new stake in Joby Aviation during the 2nd quarter worth approximately $56,000. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in Joby Aviation during the 2nd quarter worth approximately $57,000. Finally, Choreo LLC bought a new stake in Joby Aviation during the 2nd quarter worth approximately $60,000. 45.54% of the stock is owned by institutional investors.

Joby Aviation Trading Up 3.6 %

Joby Aviation stock opened at $5.69 on Friday. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $7.69. The business’s 50 day simple moving average is $5.20 and its 200 day simple moving average is $5.24. The company has a market cap of $4.07 billion, a price-to-earnings ratio of -11.61 and a beta of 1.97.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, meeting the consensus estimate of ($0.18). The firm had revenue of $0.28 million during the quarter, compared to analysts’ expectations of $0.28 million. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, equities research analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Activity at Joby Aviation

In related news, insider Didier Papadopoulos sold 6,025 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $5.33, for a total value of $32,113.25. Following the transaction, the insider now owns 47,474 shares in the company, valued at approximately $253,036.42. This represents 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 accessible through this link. In other Joby Aviation news, insider Didier Papadopoulos sold 6,025 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $5.33, for a total transaction of $32,113.25. Following the sale, the insider now owns 47,474 shares in the company, valued at $253,036.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Joeben Bevirt sold 250,000 shares of the 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 sale, the chief executive officer now owns 32,674,274 shares in the company, valued at approximately $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 quarter, insiders have sold 475,599 shares of company stock worth $2,398,359. Insiders own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on JOBY. HC Wainwright reissued a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, October 2nd. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $10.50 target price on shares of Joby Aviation in a report on Friday, October 4th. JPMorgan Chase & Co. upped their target price on Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a 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.