Susquehanna Fundamental Investments LLC Purchases 616,579 Shares of Joby Aviation, Inc. (NYSE:JOBY)

Susquehanna Fundamental Investments LLC grew its holdings in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 1,018.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 677,116 shares of the company's stock after purchasing an additional 616,579 shares during the period. Susquehanna Fundamental Investments LLC owned approximately 0.10% of Joby Aviation worth $3,453,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Nisa Investment Advisors LLC increased its holdings in shares of Joby Aviation by 216.3% during the second quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company's stock worth $44,000 after buying an additional 5,840 shares in the last quarter. Integris Wealth Management LLC acquired a new position in Joby Aviation in the 2nd quarter worth about $54,000. Dakota Wealth Management acquired a new stake in shares of Joby Aviation during the second quarter valued at about $56,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in shares of Joby Aviation during the second quarter valued at about $57,000. Finally, Choreo LLC bought a new stake in shares of Joby Aviation during the second quarter worth about $60,000. Institutional investors own 45.54% of the company's stock.

Analyst Ratings Changes

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

Joby Aviation Trading Down 3.6 %

Shares of JOBY traded down $0.19 during trading hours on Monday, reaching $5.03. The stock had a trading volume of 5,847,129 shares, compared to its average volume of 5,513,665. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of -6.75 and a beta of 1.97. The firm has a 50-day simple moving average of $5.30 and a 200 day simple moving average of $5.21. 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 quarterly earnings data on Wednesday, August 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of ($0.18). The business had revenue of $0.28 million for the quarter, compared to analyst estimates of $0.28 million. During the same quarter in the prior year, the business earned ($0.17) earnings per share. On average, equities analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Buying and Selling at Joby Aviation

In other news, insider Gregory Bowles sold 26,775 shares of the firm's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $5.14, for a total value of $137,623.50. Following the transaction, the insider now owns 18,035 shares in the company, valued at $92,699.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Gregory Bowles sold 26,775 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $5.14, for a total value of $137,623.50. Following the completion of the sale, the insider now owns 18,035 shares in the company, valued at $92,699.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Didier Papadopoulos sold 6,025 shares of the 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 completion of the sale, the insider now owns 47,474 shares of the company's stock, valued at approximately $253,036.42. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,427 shares of company stock worth $434,590. Insiders own 32.40% of the company's stock.

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.