Joby Aviation, Inc. (NYSE:JOBY) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. trimmed its position in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,751,004 shares of the company's stock after selling 118,555 shares during the period. Baillie Gifford & Co. owned 7.37% of Joby Aviation worth $265,338,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its holdings in shares of Joby Aviation by 84.3% during the first quarter. Janney Montgomery Scott LLC now owns 202,223 shares of the company's stock valued at $1,084,000 after purchasing an additional 92,508 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of Joby Aviation in the first quarter worth about $324,000. ProShare Advisors LLC raised its stake in shares of Joby Aviation by 8.5% in the first quarter. ProShare Advisors LLC now owns 50,103 shares of the company's stock worth $269,000 after buying an additional 3,942 shares during the period. Vanguard Group Inc. raised its stake in shares of Joby Aviation by 9.1% in the first quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company's stock worth $185,776,000 after buying an additional 2,889,012 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Joby Aviation in the first quarter worth about $15,357,000. 45.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

JOBY has been the subject of several research analyst reports. 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 report on Tuesday, October 29th. HC Wainwright reiterated a "buy" rating and set a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. cut their target price on Joby Aviation from $6.00 to $5.00 and set a "neutral" rating for the company in a research report on Tuesday, October 29th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $10.00 price target on shares of Joby Aviation in a report on Monday, September 30th.

Joby Aviation Stock Down 2.2 %

NYSE JOBY traded down $0.14 during trading on Tuesday, hitting $6.13. 16,477,678 shares of the stock traded hands, compared to its average volume of 7,286,901. The company has a market capitalization of $4.39 billion, a P/E ratio of -8.91 and a beta of 1.97. The firm has a 50-day simple moving average of $5.34 and a 200-day simple moving average of $5.32. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $7.69.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). The company had revenue of $0.28 million during the quarter, compared to analysts' expectations of $0.06 million. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. During the same quarter last year, the firm posted ($0.13) EPS. As a group, research analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Insider Transactions at Joby Aviation

In related news, CEO Joeben Bevirt sold 250,000 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Joeben Bevirt sold 250,000 shares of the business's stock in a transaction on 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 in the company, valued at $158,470,228.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kate Dehoff sold 27,898 shares of the business's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $5.50, for a total value of $153,439.00. Following the transaction, the insider now owns 199,413 shares in the company, valued at approximately $1,096,771.50. 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 90 days, insiders sold 525,499 shares of company stock worth $2,667,151. 32.40% of the stock is currently owned by company insiders.

About Joby Aviation

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.