Joby Aviation, Inc. (NYSE:JOBY) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 194,459 shares of the company's stock after acquiring an additional 37,956 shares during the quarter. SG Americas Securities LLC's holdings in Joby Aviation were worth $1,581,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in JOBY. Larson Financial Group LLC boosted its position in Joby Aviation by 218.3% during the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company's stock valued at $37,000 after buying an additional 5,000 shares during the period. Salem Investment Counselors Inc. lifted its holdings in Joby Aviation by 5,000.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 5,100 shares of the company's stock worth $41,000 after buying an additional 5,000 shares during the period. Empowered Funds LLC bought a new stake in shares of Joby Aviation in the 3rd quarter worth approximately $51,000. Sound Income Strategies LLC increased its stake in shares of Joby Aviation by 3,311.3% during the third quarter. Sound Income Strategies LLC now owns 10,302 shares of the company's stock valued at $52,000 after buying an additional 10,000 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Joby Aviation by 403.0% in the third quarter. International Assets Investment Management LLC now owns 11,468 shares of the company's stock worth $58,000 after acquiring an additional 9,188 shares during the period. Hedge funds and other institutional investors own 52.85% of the company's stock.

Wall Street Analyst Weigh In

JOBY has been the topic of a number of research reports. JPMorgan Chase & Co. lowered shares of Joby Aviation from a "neutral" rating to an "underweight" rating and lifted their target price for the company from $5.00 to $6.00 in a research note on Friday, January 10th. HC Wainwright reiterated a "buy" rating and set a $9.00 target price on shares of Joby Aviation in a report on Wednesday, December 18th. Needham & Company LLC raised their target price on Joby Aviation from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Finally, Canaccord Genuity Group upped their price target on Joby Aviation from $9.75 to $11.50 and gave the stock a "buy" rating in a research note on Wednesday, January 8th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Joby Aviation presently has an average rating of "Moderate Buy" and a consensus target price of $9.30.

Joby Aviation Trading Up 0.4 %

NYSE:JOBY traded up $0.04 during trading hours on Friday, reaching $8.27. 10,325,829 shares of the company traded hands, compared to its average volume of 14,137,234. Joby Aviation, Inc. has a 1 year low of $4.50 and a 1 year high of $10.72. The stock has a market capitalization of $6.32 billion, a P/E ratio of -11.81 and a beta of 2.33. The business's 50-day moving average price is $8.37 and its two-hundred day moving average price is $6.50.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. The firm had revenue of $0.28 million for the quarter, compared to analysts' expectations of $0.06 million. During the same period last year, the company posted ($0.13) earnings per share. As a group, equities analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Activity at Joby Aviation

In other Joby Aviation news, insider Gregory Bowles sold 7,748 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $8.08, for a total value of $62,603.84. Following the completion of the transaction, the insider now directly owns 29,235 shares in the company, valued at $236,218.80. This represents a 20.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Didier Papadopoulos sold 6,005 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.65, for a total value of $45,938.25. Following the completion of the sale, the insider now owns 54,776 shares of the company's stock, valued at $419,036.40. The trade was a 9.88 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 672,338 shares of company stock valued at $5,864,050. 32.40% of the stock is owned by corporate insiders.

About Joby Aviation

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.