Yarbrough Capital LLC Acquires New Holdings in Joby Aviation, Inc. (NYSE:JOBY)

Yarbrough Capital LLC purchased a new position in Joby Aviation, Inc. (NYSE:JOBY - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 167,483 shares of the company's stock, valued at approximately $1,362,000.

A number of other institutional investors have also made changes to their positions in the stock. Intech Investment Management LLC bought a new position in Joby Aviation during the third quarter worth about $518,000. Fred Alger Management LLC lifted its holdings in shares of Joby Aviation by 89.4% during the 3rd quarter. Fred Alger Management LLC now owns 123,368 shares of the company's stock valued at $621,000 after purchasing an additional 58,229 shares in the last quarter. Caprock Group LLC grew its position in shares of Joby Aviation by 179.5% in the 3rd quarter. Caprock Group LLC now owns 124,404 shares of the company's stock valued at $626,000 after purchasing an additional 79,896 shares during the period. Hamilton Lane Advisors LLC bought a new stake in Joby Aviation during the 4th quarter worth approximately $418,000. Finally, Susquehanna Fundamental Investments LLC lifted its stake in Joby Aviation by 1,018.5% in the second quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company's stock valued at $3,453,000 after buying an additional 616,579 shares in the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JOBY has been the topic of a number of research reports. Canaccord Genuity Group boosted their price target on Joby Aviation from $9.75 to $11.50 and gave the company a "buy" rating in a report on Wednesday, January 8th. HC Wainwright reissued a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a research report on Wednesday, December 18th. Cantor Fitzgerald restated an "overweight" rating and set a $10.00 target price on shares of Joby Aviation in a report on Monday, September 30th. Needham & Company LLC lifted their price target on shares of Joby Aviation from $8.00 to $10.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. downgraded shares of Joby Aviation from a "neutral" rating to an "underweight" rating and increased their price objective for the stock from $5.00 to $6.00 in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Joby Aviation currently has a consensus rating of "Moderate Buy" and an average target price of $9.30.

Insider Transactions at Joby Aviation

In other news, insider Didier Papadopoulos sold 6,005 shares of Joby Aviation stock in a transaction that occurred on Monday, December 16th. The shares were 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 directly owns 54,776 shares in the company, valued at approximately $419,036.40. The trade was a 9.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Cahill Sciarra sold 333,332 shares of the stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $8.00, for a total value of $2,666,656.00. Following the sale, the director now directly owns 58,994,729 shares in the company, valued at $471,957,832. This represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 640,849 shares of company stock worth $5,601,747. Company insiders own 32.40% of the company's stock.

Joby Aviation Price Performance

Joby Aviation stock traded down $0.16 during mid-day trading on Friday, hitting $8.22. 7,775,228 shares of the company's stock traded hands, compared to its average volume of 17,299,982. The firm has a 50 day simple moving average of $7.88 and a two-hundred day simple moving average of $6.29. Joby Aviation, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $10.72. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of -11.74 and a beta of 2.33.

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

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.