Private Advisor Group LLC Purchases 10,765 Shares of Joby Aviation, Inc. (NYSE:JOBY)

Private Advisor Group LLC lifted its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 45.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 34,513 shares of the company’s stock after acquiring 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.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Joby Aviation by 9.1% in the 1st quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock worth $185,776,000 after purchasing an additional 2,889,012 shares during the period. Ieq Capital LLC boosted its stake in Joby Aviation by 68.6% in the 2nd quarter. Ieq Capital LLC now owns 4,441,574 shares of the company’s stock worth $22,652,000 after purchasing an additional 1,807,054 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Joby Aviation in the 1st quarter worth about $15,357,000. Bank of New York Mellon Corp boosted its stake in Joby Aviation by 41.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,474,677 shares of the company’s stock worth $7,521,000 after purchasing an additional 435,069 shares during the period. Finally, Susquehanna Fundamental Investments LLC boosted its stake in Joby Aviation by 1,018.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after purchasing an additional 616,579 shares during the period. Institutional investors own 45.54% of the company’s stock.

Joby Aviation Stock Up 2.3 %

NYSE:JOBY opened at $5.22 on Friday. The business’s 50-day moving average price is $5.31 and its two-hundred day moving average price is $5.30. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $7.69. The stock has a market cap of $3.73 billion, a P/E ratio of -7.45 and a beta of 1.97.

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

Analyst Ratings Changes

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

Insider Activity at Joby Aviation

In related news, CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $4.85, for a total transaction of $1,212,500.00. Following the transaction, the chief executive officer now directly owns 32,674,274 shares of the company’s stock, valued at approximately $158,470,228.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $4.85, for a total transaction of $1,212,500.00. Following the transaction, the chief executive officer now directly owns 32,674,274 shares of the company’s stock, valued at approximately $158,470,228.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul Cahill Sciarra sold 166,666 shares of Joby Aviation stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $5.15, for a total value of $858,329.90. Following the completion of the transaction, the director now directly owns 59,828,059 shares in the company, valued at $308,114,503.85. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 525,499 shares of company stock valued at $2,667,151. Corporate insiders own 32.40% of the company’s stock.

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.