Joby Aviation, Inc. (NYSE:JOBY) Shares Bought by Rhumbline Advisers

Rhumbline Advisers raised its stake in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 26.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 548,724 shares of the company's stock after purchasing an additional 115,483 shares during the period. Rhumbline Advisers owned 0.08% of Joby Aviation worth $2,798,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. 8VC GP I LLC bought a new position in shares of Joby Aviation in the 4th quarter valued at about $95,727,000. Vanguard Group Inc. lifted its holdings in shares of Joby Aviation by 9.1% in the 1st 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Joby Aviation in the 1st quarter valued at about $15,357,000. Lingotto Investment Management LLP lifted its holdings in shares of Joby Aviation by 129.8% in the 4th quarter. Lingotto Investment Management LLP now owns 2,088,980 shares of the company's stock valued at $13,892,000 after acquiring an additional 1,180,000 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings 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 acquiring an additional 435,069 shares during the last quarter. Institutional investors own 45.54% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Canaccord Genuity Group lowered their price target on shares of Joby Aviation from $11.00 to $10.50 and set a "buy" rating for the company in a report on Thursday, August 8th. HC Wainwright assumed coverage on shares of Joby Aviation in a report on Tuesday, September 3rd. They issued a "buy" rating and a $9.00 price target for the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $10.00 price target on shares of Joby Aviation in a report on Monday, September 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Joby Aviation from $5.00 to $6.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 24th.

Joby Aviation Price Performance

Shares of NYSE:JOBY traded down $0.02 during trading on Thursday, reaching $5.18. 4,962,164 shares of the company were exchanged, compared to its average volume of 5,501,080. The firm has a market capitalization of $3.71 billion, a PE ratio of -7.03 and a beta of 1.97. The business's fifty day simple moving average is $5.53 and its 200-day simple moving average is $5.22. 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 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. On average, sell-side analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current fiscal year.

Insider Transactions at Joby Aviation

In other news, insider Didier Papadopoulos sold 23,188 shares of the firm's stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.86, for a total transaction of $112,693.68. Following the transaction, the insider now directly owns 54,666 shares of the company's stock, valued at $265,676.76. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, 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 of the company's stock, valued at $1,040,396.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Didier Papadopoulos sold 23,188 shares of Joby Aviation stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.86, for a total transaction of $112,693.68. Following the transaction, the insider now directly owns 54,666 shares in the company, valued at $265,676.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 327,840 shares of company stock valued at $1,624,660. 32.40% of the stock is currently owned by company insiders.

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.