ProShare Advisors LLC Decreases Stake in Joby Aviation, Inc. (NYSE:JOBY)

ProShare Advisors LLC lessened its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 25.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,352 shares of the company’s stock after selling 12,751 shares during the quarter. ProShare Advisors LLC’s holdings in Joby Aviation were worth $190,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in shares of Joby Aviation by 216.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company’s stock valued at $44,000 after buying an additional 5,840 shares in the last quarter. Integris Wealth Management LLC purchased a new stake in Joby Aviation during the second quarter valued at approximately $54,000. Dakota Wealth Management bought a new stake in shares of Joby Aviation in the 2nd quarter valued at approximately $56,000. IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in shares of Joby Aviation in the 2nd quarter worth approximately $57,000. Finally, Choreo LLC bought a new position in shares of Joby Aviation during the 2nd quarter valued at approximately $60,000. Institutional investors own 45.54% of the company’s stock.

Insider Buying and Selling at Joby Aviation

In other news, insider Matthew Field sold 5,642 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $5.19, for a total transaction of $29,281.98. Following the transaction, the insider now owns 294,238 shares of the company’s stock, valued at approximately $1,527,095.22. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Matthew Field sold 5,642 shares of the company’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $5.19, for a total value of $29,281.98. Following the completion of the sale, the insider now owns 294,238 shares of the company’s stock, valued at approximately $1,527,095.22. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kate Dehoff sold 12,500 shares of Joby Aviation stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $5.50, for a total transaction of $68,750.00. Following the transaction, the insider now directly owns 189,163 shares in the company, valued at approximately $1,040,396.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 481,976 shares of company stock valued at $2,424,045 in the last ninety days. Corporate insiders own 32.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a research note on Wednesday. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a report on Monday, September 30th. Canaccord Genuity Group restated a “buy” rating and set a $10.50 target price on shares of Joby Aviation in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price target on Joby Aviation from $5.00 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th.

Joby Aviation Stock Up 6.1 %

JOBY stock opened at $5.95 on Friday. Joby Aviation, Inc. has a 12 month low of $4.50 and a 12 month high of $7.69. The firm’s 50-day moving average is $5.21 and its 200 day moving average is $5.22.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, August 7th. The company reported ($0.18) EPS for the quarter, hitting analysts’ consensus estimates of ($0.18). The company had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.28 million. During the same period last year, the business posted ($0.17) earnings per share. As a group, sell-side analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

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.