Amova Asset Management Americas Inc. Sells 718,700 Shares of Joby Aviation, Inc. $JOBY

Amova Asset Management Americas Inc. lowered its position in Joby Aviation, Inc. (NYSE:JOBY) by 28.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,791,389 shares of the company’s stock after selling 718,700 shares during the period. Amova Asset Management Americas Inc. owned 0.21% of Joby Aviation worth $28,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Toyota Motor Corp lifted its holdings in shares of Joby Aviation by 63.1% in the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock worth $1,355,194,000 after purchasing an additional 49,701,790 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Joby Aviation by 13.2% in the third quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after buying an additional 5,828,189 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Joby Aviation by 5.4% during the second quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company’s stock valued at $117,230,000 after buying an additional 573,328 shares during the last quarter. State Street Corp grew its holdings in shares of Joby Aviation by 3.0% during the second quarter. State Street Corp now owns 10,392,018 shares of the company’s stock valued at $109,636,000 after buying an additional 305,109 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Joby Aviation by 49.5% during the second quarter. Bank of America Corp DE now owns 2,968,697 shares of the company’s stock worth $31,320,000 after acquiring an additional 982,576 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

Insider Transactions at Joby Aviation

In related news, insider Bonny W. Simi sold 110,173 shares of Joby Aviation stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $13.85, for a total value of $1,525,896.05. Following the completion of the sale, the insider owned 125,114 shares of the company’s stock, valued at approximately $1,732,828.90. This trade represents a 46.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Joeben Bevirt sold 507,182 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $10.62, for a total value of $5,386,272.84. Following the completion of the sale, the chief executive officer owned 31,997,802 shares in the company, valued at $339,816,657.24. This represents a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,470,074 shares of company stock worth $16,083,913 over the last 90 days. 28.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. HC Wainwright raised shares of Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, February 26th. JPMorgan Chase & Co. dropped their target price on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating on the stock in a report on Thursday, February 26th. The Goldman Sachs Group began coverage on Joby Aviation in a report on Monday, December 1st. They set a “sell” rating and a $10.00 price target for the company. Canaccord Genuity Group restated a “hold” rating and set a $15.50 price objective on shares of Joby Aviation in a research note on Tuesday, February 3rd. Finally, Needham & Company LLC reduced their target price on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $13.81.

Joby Aviation Stock Up 1.4%

Joby Aviation stock opened at $9.90 on Thursday. The firm has a 50 day moving average price of $12.33 and a 200-day moving average price of $14.18. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95. The company has a market capitalization of $9.03 billion, a P/E ratio of -8.68 and a beta of 2.59.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. The firm had revenue of $30.84 million during the quarter, compared to analysts’ expectations of $16.88 million. During the same quarter in the previous year, the company posted ($0.34) EPS. Joby Aviation’s revenue for the quarter was up 5506.5% on a year-over-year basis. Equities analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Trending Headlines about Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Uber deal advances commercialization: Uber will integrate Joby flights into its app and support Dubai operations, speeding customer access and revenue opportunities as Joby readies commercial service. Uber platform to support Joby Dubai air taxi operations
• Positive Sentiment: Street support for the Uber-Air strategy: Morgan Stanley’s favorable take on Uber’s integration raised investor confidence that Joby can monetize rides via an established booking platform, a near-term demand catalyst. Joby Stock Gains After Morgan Stanley Backs Uber Air Strategy
• Positive Sentiment: FAA certification timeline improving commercial outlook: Reports note Joby expects FAA certification this year, which would be a critical regulatory milestone enabling revenue ramp from air taxi operations. Uber and Joby Aviation Team Up: Game Changer or Hype?
• Neutral Sentiment: Broad coverage reiterates the same catalyst path: Analyst and trade outlets (Zacks, The Motley Fool) highlight the Uber integration, Dubai debut and certification progress — useful confirmation but largely already priced in. Uber Enters Into a New Deal With Joby on Electric Air Taxis
• Negative Sentiment: Short-seller attention and risk callouts: JPMorgan listed Joby among top short ideas, spotlighting execution and valuation risks that can pressure the stock if progress slips. JPMorgan’s Top Short Ideas, 5 Weeks Later: Were They Right?
• Negative Sentiment: Scaling and profitability remain distant: Coverage notes that even with certification, large-scale operations, fleet economics and route density pose major hurdles — profitability is not imminent, which keeps longer-term valuation under scrutiny. Uber and Joby Aviation Team Up: Game Changer or Hype?

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.