Ieq Capital LLC Has $22.65 Million Position in Joby Aviation, Inc. (NYSE:JOBY)

Ieq Capital LLC raised its position in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 68.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,441,574 shares of the company's stock after purchasing an additional 1,807,054 shares during the period. Ieq Capital LLC owned approximately 0.63% of Joby Aviation worth $22,652,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Flaharty Asset Management LLC grew its position in shares of Joby Aviation by 25.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 15,000 shares of the company's stock valued at $76,000 after purchasing an additional 3,000 shares during the period. ProShare Advisors LLC increased its position in shares of Joby Aviation by 8.5% during the first quarter. ProShare Advisors LLC now owns 50,103 shares of the company's stock worth $269,000 after acquiring an additional 3,942 shares in the last quarter. Amalgamated Bank raised its holdings in shares of Joby Aviation by 46.2% during the second quarter. Amalgamated Bank now owns 13,905 shares of the company's stock worth $71,000 after acquiring an additional 4,391 shares during the period. Janney Montgomery Scott LLC lifted its position in Joby Aviation by 4.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 109,715 shares of the company's stock valued at $730,000 after acquiring an additional 4,445 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in Joby Aviation by 32.9% in the 1st quarter. Cetera Advisors LLC now owns 20,276 shares of the company's stock worth $109,000 after purchasing an additional 5,025 shares during the period. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Joby Aviation Trading Down 0.4 %

Shares of NYSE JOBY traded down $0.02 during mid-day trading on Friday, hitting $5.16. The company had a trading volume of 9,659,303 shares, compared to its average volume of 5,523,979. The firm has a 50-day simple moving average of $5.51 and a two-hundred day simple moving average of $5.22. The company has a market capitalization of $3.66 billion, a PE ratio of -6.79 and a beta of 1.97. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $7.69.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported ($0.18) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.18). The company had revenue of $0.28 million during the quarter, compared to the consensus estimate of $0.28 million. During the same quarter in the prior year, the business earned ($0.17) earnings per share. Sell-side analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Didier Papadopoulos sold 23,188 shares of the company's stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $4.86, for a total value of $112,693.68. Following the sale, the insider now directly owns 54,666 shares of the company's stock, valued at approximately $265,676.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Joby Aviation news, insider Matthew Field sold 11,766 shares of the company's stock in a transaction on Friday, July 5th. The stock was sold at an average price of $5.17, for a total transaction of $60,830.22. Following the completion of the sale, the insider now directly owns 299,880 shares in the company, valued at $1,550,379.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Didier Papadopoulos sold 23,188 shares of the firm's stock in a transaction on Monday, July 1st. The shares were sold at an average price of $4.86, for a total value of $112,693.68. Following the completion of the sale, the insider now directly owns 54,666 shares in the company, valued at approximately $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 worth $1,624,660. Insiders own 32.40% of the company's stock.

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.