Bouvel Investment Partners LLC Makes New $614,000 Investment in Joby Aviation, Inc. (NYSE:JOBY)

Bouvel Investment Partners LLC bought a new stake in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 122,147 shares of the company's stock, valued at approximately $614,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised 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 acquiring an additional 2,889,012 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Joby Aviation in the 1st quarter valued at $15,357,000. Ieq Capital LLC boosted its holdings in Joby Aviation by 68.6% in the second quarter. Ieq Capital LLC now owns 4,441,574 shares of the company's stock worth $22,652,000 after purchasing an additional 1,807,054 shares in the last quarter. Susquehanna Fundamental Investments LLC increased its position in Joby Aviation by 1,018.5% during 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, Bank of New York Mellon Corp raised its holdings in Joby Aviation by 41.8% during the second 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. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Joby Aviation

In other news, insider Didier Papadopoulos sold 6,025 shares of Joby Aviation stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $5.33, for a total transaction of $32,113.25. Following the sale, the insider now directly owns 47,474 shares in the company, valued at approximately $253,036.42. The trade was 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 other Joby Aviation news, insider Didier Papadopoulos sold 6,025 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $5.33, for a total value of $32,113.25. Following the sale, the insider now directly owns 47,474 shares in the company, valued at $253,036.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Gregory Bowles sold 26,775 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $5.14, for a total transaction of $137,623.50. Following the sale, the insider now owns 18,035 shares of the company's stock, valued at $92,699.90. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 525,499 shares of company stock valued at $2,667,151 in the last 90 days. 32.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on JOBY. JPMorgan Chase & Co. lowered their price target on Joby Aviation from $6.00 to $5.00 and set a "neutral" rating on the stock in a report on Tuesday, October 29th. Cantor Fitzgerald reissued an "overweight" rating and set a $10.00 price objective on shares of Joby Aviation in a research report on Monday, September 30th. HC Wainwright reaffirmed a "buy" rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, October 2nd. Finally, Canaccord Genuity Group reduced their price objective 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.

Joby Aviation Trading Up 1.9 %

JOBY stock traded up $0.11 during trading on Thursday, reaching $6.01. 8,250,688 shares of the stock were exchanged, compared to its average volume of 7,382,412. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $7.69. The company has a market capitalization of $4.30 billion, a P/E ratio of -8.53 and a beta of 1.97. The stock has a 50 day simple moving average of $5.39 and a 200-day simple moving average of $5.33.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). The firm had revenue of $0.28 million for the quarter, compared to analyst estimates 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 period in the previous year, the business posted ($0.13) EPS. Equities analysts predict that Joby Aviation, Inc. will post -0.68 EPS for the current year.

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.