Hsbc Holdings PLC Takes $54,000 Position in Joby Aviation, Inc. (NYSE:JOBY)

Hsbc Holdings PLC acquired a new stake in shares of Joby Aviation, Inc. (NYSE:JOBY – Get Rating) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,000 shares of the company’s stock, valued at approximately $54,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Toroso Investments LLC boosted its position in shares of Joby Aviation by 19.5% during the 1st quarter. Toroso Investments LLC now owns 13,394 shares of the company’s stock valued at $89,000 after acquiring an additional 2,186 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Joby Aviation by 22.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 15,916 shares of the company’s stock valued at $69,000 after acquiring an additional 2,925 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Joby Aviation by 486.7% during the 3rd quarter. IFP Advisors Inc now owns 3,737 shares of the company’s stock valued at $38,000 after acquiring an additional 3,100 shares in the last quarter. CAPROCK Group Inc. boosted its position in shares of Joby Aviation by 21.0% during the 3rd quarter. CAPROCK Group Inc. now owns 27,884 shares of the company’s stock valued at $121,000 after acquiring an additional 4,841 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its position in shares of Joby Aviation by 45.2% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 17,347 shares of the company’s stock valued at $75,000 after acquiring an additional 5,400 shares in the last quarter. 29.14% of the stock is currently owned by institutional investors.

Insider Transactions at Joby Aviation

In other news, insider Matthew Field sold 40,363 shares of the business’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $3.69, for a total value of $148,939.47. Following the sale, the insider now owns 212,484 shares of the company’s stock, valued at $784,065.96. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Joeben Bevirt sold 29,434 shares of Joby Aviation stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $5.00, for a total value of $147,170.00. Following the sale, the chief executive officer now owns 59,406,823 shares of the company’s stock, valued at $297,034,115. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew Field sold 40,363 shares of the firm’s stock in a transaction on Thursday, January 12th. The shares were sold at an average price of $3.69, for a total transaction of $148,939.47. Following the completion of the transaction, the insider now directly owns 212,484 shares of the company’s stock, valued at $784,065.96. The disclosure for this sale can be found here. Insiders sold 261,004 shares of company stock valued at $1,054,512 over the last three months. Company insiders own 51.30% of the company’s stock.

Joby Aviation Stock Down 1.5 %

Shares of NYSE JOBY opened at $3.96 on Monday. The firm’s 50-day simple moving average is $4.19 and its 200 day simple moving average is $4.33. The company has a market cap of $2.49 billion, a price-to-earnings ratio of -8.80 and a beta of 1.63. Joby Aviation, Inc. has a 12-month low of $3.15 and a 12-month high of $7.15.

Joby Aviation (NYSE:JOBY – Get Rating) last issued its quarterly earnings results on Wednesday, February 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.04. On average, equities analysts expect that Joby Aviation, Inc. will post -0.66 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on JOBY shares. Barclays cut their target price on Joby Aviation from $6.00 to $4.50 and set an “equal weight” rating for the company in a research report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft downgraded Joby Aviation from a “hold” rating to a “sell” rating and cut their target price for the stock from $6.00 to $4.00 in a research report on Tuesday, March 7th. Finally, Morgan Stanley dropped their target price on shares of Joby Aviation from $11.00 to $10.00 and set an “overweight” rating for the company in a research report on Monday, February 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Joby Aviation has an average rating of “Hold” and a consensus target price of $6.90.

About Joby Aviation

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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.