Joby Aviation, Inc. (NYSE:JOBY) Holdings Raised by Caprock Group LLC

Caprock Group LLC raised its stake in shares of Joby Aviation, Inc. (NYSE:JOBY) by 179.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 124,404 shares of the company’s stock after buying an additional 79,896 shares during the period. Caprock Group LLC’s holdings in Joby Aviation were worth $626,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in Joby Aviation by 9.1% during the first quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock valued at $185,776,000 after purchasing an additional 2,889,012 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of Joby Aviation by 68.6% during the 2nd quarter. Ieq Capital LLC now owns 4,441,574 shares of the company’s stock valued at $22,652,000 after buying an additional 1,807,054 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 valued at $7,521,000 after buying an additional 435,069 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in Joby Aviation by 1,018.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock worth $3,453,000 after buying an additional 616,579 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Joby Aviation by 26.7% during the second quarter. Rhumbline Advisers now owns 548,724 shares of the company’s stock valued at $2,798,000 after acquiring an additional 115,483 shares in the last quarter. 45.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Joby Aviation

In other news, CEO Joeben Bevirt sold 250,000 shares of Joby Aviation stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $4.85, for a total transaction of $1,212,500.00. Following the sale, the chief executive officer now directly owns 32,674,274 shares in the company, valued at approximately $158,470,228.90. The trade was a 0.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kate Dehoff sold 27,898 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $5.50, for a total transaction of $153,439.00. Following the completion of the transaction, the insider now owns 199,413 shares in the company, valued at $1,096,771.50. This represents a 12.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 527,778 shares of company stock valued at $2,683,104 in the last quarter. Corporate insiders own 32.40% of the company’s stock.

Joby Aviation Stock Performance

Joby Aviation stock opened at $7.09 on Friday. The business’s 50-day simple moving average is $5.51 and its 200-day simple moving average is $5.36. Joby Aviation, Inc. has a 52 week low of $4.50 and a 52 week high of $7.69. The firm has a market capitalization of $5.42 billion, a PE ratio of -10.01 and a beta of 1.97.

Joby Aviation (NYSE:JOBY) last released its earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. The company had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.06 million. During the same quarter in the previous year, the company earned ($0.13) earnings per share. Research analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Canaccord Genuity Group dropped their price target on shares of Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. HC Wainwright restated a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a report on Wednesday, October 2nd. JPMorgan Chase & Co. decreased their price target on Joby Aviation from $6.00 to $5.00 and set a “neutral” rating for the company in a research note on Tuesday, October 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price objective on shares of Joby Aviation in a research note on Monday, September 30th. Finally, Needham & Company LLC started coverage on Joby Aviation in a research report on Tuesday. They set a “buy” rating and a $8.00 target price for the company. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $8.35.

Joby Aviation Company 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.