Holocene Advisors LP Has $2.62 Million Holdings in Joby Aviation, Inc. (NYSE:JOBY)

Holocene Advisors LP increased its stake in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 91.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 521,327 shares of the company's stock after purchasing an additional 249,375 shares during the quarter. Holocene Advisors LP owned about 0.07% of Joby Aviation worth $2,622,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ieq Capital LLC grew its holdings in Joby Aviation by 68.6% during the second quarter. Ieq Capital LLC now owns 4,441,574 shares of the company's stock worth $22,652,000 after acquiring an additional 1,807,054 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Joby Aviation by 41.8% during 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 purchasing an additional 435,069 shares in the last quarter. Susquehanna Fundamental Investments LLC grew its stake in shares of Joby Aviation by 1,018.5% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company's stock worth $3,453,000 after purchasing an additional 616,579 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Joby Aviation by 26.7% in the 2nd quarter. Rhumbline Advisers now owns 548,724 shares of the company's stock worth $2,798,000 after purchasing an additional 115,483 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Joby Aviation by 346.4% during the second quarter. SG Americas Securities LLC now owns 336,062 shares of the company's stock valued at $1,714,000 after purchasing an additional 260,780 shares during the last quarter. Institutional investors own 45.54% of the company's stock.

Insider Activity

In other Joby Aviation news, insider Didier Papadopoulos sold 6,025 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $5.33, for a total transaction of $32,113.25. Following the transaction, the insider now directly owns 47,474 shares of the company's stock, valued at $253,036.42. This represents a 11.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Gregory Bowles sold 7,748 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $8.08, for a total value of $62,603.84. Following the completion of the sale, the insider now directly owns 29,235 shares of the company's stock, valued at $236,218.80. This represents a 20.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 535,526 shares of company stock worth $2,745,708 in the last ninety days. Corporate insiders own 32.40% of the company's stock.

Joby Aviation Stock Performance

NYSE:JOBY traded up $0.75 during trading hours on Friday, hitting $8.84. 17,806,885 shares of the company's stock traded hands, compared to its average volume of 8,343,904. The stock's fifty day moving average price is $6.08 and its two-hundred day moving average price is $5.56. The firm has a market cap of $6.76 billion, a P/E ratio of -12.39 and a beta of 2.32. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $9.33.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its earnings results on Wednesday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.02). The business had revenue of $0.28 million during the quarter, compared to analyst estimates of $0.06 million. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. During the same quarter in the prior year, the company earned ($0.13) EPS. On average, equities research analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on JOBY. JPMorgan Chase & Co. dropped 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 reaffirmed an "overweight" rating and set a $10.00 target price on shares of Joby Aviation in a research report on Monday, September 30th. Canaccord Genuity Group decreased their price target 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. Needham & Company LLC began coverage on Joby Aviation in a report on Tuesday, November 19th. They set a "buy" rating and a $8.00 price objective on the stock. Finally, HC Wainwright reiterated a "buy" rating and issued a $9.00 target price on shares of Joby Aviation in a report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Joby Aviation presently 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.