Nisa Investment Advisors LLC Makes New Investment in Joby Aviation, Inc. (NYSE:JOBY)

Nisa Investment Advisors LLC bought a new position in shares of Joby Aviation, Inc. (NYSE:JOBYGet Rating) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,790 shares of the company’s stock, valued at approximately $43,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV lifted its holdings in Joby Aviation by 49.6% during the first quarter. Mercer Global Advisors Inc. ADV now owns 30,321 shares of the company’s stock worth $201,000 after acquiring an additional 10,050 shares in the last quarter. Nikko Asset Management Americas Inc. lifted its holdings in Joby Aviation by 49.4% during the first quarter. Nikko Asset Management Americas Inc. now owns 2,917,603 shares of the company’s stock worth $19,811,000 after acquiring an additional 965,127 shares in the last quarter. Capital Fund Management S.A. bought a new position in Joby Aviation during the first quarter worth about $863,000. Nicholas Investment Partners LP bought a new stake in shares of Joby Aviation in the first quarter valued at about $1,072,000. Finally, Cookson Peirce & Co. Inc. lifted its holdings in shares of Joby Aviation by 105.2% in the first quarter. Cookson Peirce & Co. Inc. now owns 198,395 shares of the company’s stock valued at $1,313,000 after purchasing an additional 101,705 shares in the last quarter. 29.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Joby Aviation news, insider Didier Papadopoulos sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $5.50, for a total transaction of $220,000.00. Following the transaction, the insider now owns 18,128 shares of the company’s stock, valued at $99,704. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Joby Aviation news, insider Didier Papadopoulos sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $5.50, for a total transaction of $220,000.00. Following the transaction, the insider now owns 18,128 shares of the company’s stock, valued at $99,704. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Matthew Field sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, September 19th. The stock was sold at an average price of $5.50, for a total value of $38,500.00. Following the transaction, the insider now directly owns 97,738 shares in the company, valued at approximately $537,559. The disclosure for this sale can be found here. Insiders have sold a total of 453,010 shares of company stock valued at $2,216,287 over the last 90 days. 51.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JOBY shares. JPMorgan Chase & Co. boosted their price target on Joby Aviation from $5.00 to $6.00 and gave the company a “neutral” rating in a report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft cut their price target on Joby Aviation from $8.00 to $7.00 in a report on Tuesday, August 16th. Morgan Stanley cut their price target on Joby Aviation from $12.00 to $11.00 and set an “overweight” rating on the stock in a report on Thursday, November 3rd. Finally, Raymond James started coverage on Joby Aviation in a report on Wednesday, July 27th. They issued a “market perform” rating on the stock. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $8.00.

Joby Aviation Stock Performance

NYSE:JOBY opened at $3.90 on Thursday. The stock’s 50-day simple moving average is $4.75 and its 200 day simple moving average is $5.16. The company has a market cap of $2.37 billion, a P/E ratio of -11.82 and a beta of 1.58. Joby Aviation, Inc. has a 52-week low of $3.61 and a 52-week high of $9.62.

Joby Aviation (NYSE:JOBYGet Rating) last released its earnings results on Wednesday, November 2nd. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). As a group, equities analysts predict that Joby Aviation, Inc. will post -0.58 earnings per share for the current fiscal year.

Joby Aviation Company Profile

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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. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.

Further Reading

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

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