Deutsche Bank AG Has $1.97 Million Position in Joby Aviation, Inc. $JOBY

Deutsche Bank AG lowered its stake in shares of Joby Aviation, Inc. (NYSE:JOBY) by 7.0% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 326,404 shares of the company’s stock after selling 24,380 shares during the period. Deutsche Bank AG’s holdings in Joby Aviation were worth $1,965,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in JOBY. GAMMA Investing LLC raised its position in Joby Aviation by 773.9% in the first quarter. GAMMA Investing LLC now owns 5,663 shares of the company’s stock worth $34,000 after purchasing an additional 5,015 shares in the last quarter. Toronto Dominion Bank acquired a new position in Joby Aviation in the fourth quarter worth about $41,000. Carolinas Wealth Consulting LLC acquired a new position in Joby Aviation in the fourth quarter worth about $41,000. Decker Retirement Planning Inc. raised its position in Joby Aviation by 250.0% in the first quarter. Decker Retirement Planning Inc. now owns 7,000 shares of the company’s stock worth $42,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Hollencrest Capital Management acquired a new position in Joby Aviation in the first quarter worth about $43,000. Institutional investors and hedge funds own 52.85% of the company’s stock.

Insider Buying and Selling at Joby Aviation

In other news, insider Gregory Bowles sold 7,961 shares of the stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $10.28, for a total transaction of $81,839.08. Following the sale, the insider directly owned 153,280 shares of the company’s stock, valued at $1,575,718.40. This represents a 4.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bonny W. Simi sold 173,456 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $17.25, for a total transaction of $2,992,116.00. Following the sale, the insider directly owned 211,397 shares in the company, valued at $3,646,598.25. This trade represents a 45.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,933,156 shares of company stock valued at $21,528,877 over the last three months. Insiders own 28.50% of the company’s stock.

Joby Aviation Price Performance

JOBY opened at $14.4470 on Friday. Joby Aviation, Inc. has a one year low of $4.70 and a one year high of $20.95. The company’s 50 day simple moving average is $13.92 and its 200-day simple moving average is $9.28. The stock has a market capitalization of $12.37 billion, a P/E ratio of -13.50 and a beta of 2.52.

Joby Aviation (NYSE:JOBY) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.06). Joby Aviation had a negative net margin of 447,083.78% and a negative return on equity of 71.29%. The company had revenue of $0.02 million for the quarter, compared to the consensus estimate of $0.05 million. During the same period last year, the company earned ($0.18) earnings per share. Joby Aviation’s revenue for the quarter was down 94.6% compared to the same quarter last year. As a group, analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JOBY. Canaccord Genuity Group lowered shares of Joby Aviation from a “buy” rating to a “hold” rating and increased their price target for the stock from $12.00 to $17.00 in a research report on Thursday, August 7th. HC Wainwright lowered shares of Joby Aviation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on shares of Joby Aviation from $5.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday, August 1st. Wall Street Zen lowered shares of Joby Aviation from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Joby Aviation in a report on Monday, June 23rd. One analyst has rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Joby Aviation has a consensus rating of “Hold” and a consensus target price of $10.50.

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.