Green Alpha Advisors LLC Trims Stake in Joby Aviation, Inc. (NYSE:JOBY)

Green Alpha Advisors LLC lessened its holdings in Joby Aviation, Inc. (NYSE:JOBY) by 17.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 49,533 shares of the company’s stock after selling 10,249 shares during the quarter. Green Alpha Advisors LLC’s holdings in Joby Aviation were worth $403,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC raised its holdings in shares of Joby Aviation by 218.3% in the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after acquiring an additional 5,000 shares in the last quarter. Empowered Funds LLC purchased a new stake in Joby Aviation in the third quarter valued at approximately $51,000. Sound Income Strategies LLC raised its stake in Joby Aviation by 3,311.3% in the third quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock valued at $52,000 after purchasing an additional 10,000 shares in the last quarter. International Assets Investment Management LLC grew its stake in Joby Aviation by 403.0% in the 3rd quarter. International Assets Investment Management LLC now owns 11,468 shares of the company’s stock worth $58,000 after buying an additional 9,188 shares in the last quarter. Finally, Choreo LLC bought a new position in shares of Joby Aviation in the 2nd quarter worth $60,000. Institutional investors own 52.85% of the company’s stock.

Insider Transactions at Joby Aviation

In other news, CEO Joeben Bevirt sold 250,000 shares of Joby Aviation stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $9.84, for a total transaction of $2,460,000.00. Following the sale, the chief executive officer now owns 32,325,793 shares of the company’s stock, valued at approximately $318,085,803.12. The trade was a 0.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Didier Papadopoulos sold 7,692 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $10.00, for a total transaction of $76,920.00. Following the completion of the transaction, the insider now directly owns 50,902 shares of the company’s stock, valued at approximately $509,020. The trade was a 13.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 327,343 shares of company stock worth $3,022,680. Company insiders own 32.40% of the company’s stock.

Joby Aviation Price Performance

Shares of Joby Aviation stock opened at $8.76 on Monday. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $10.72. The business’s 50 day simple moving average is $7.64 and its two-hundred day simple moving average is $6.22. The stock has a market capitalization of $6.70 billion, a P/E ratio of -12.51 and a beta of 2.33.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The firm had revenue of $0.28 million for the quarter, compared to the consensus estimate of $0.06 million. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. During the same quarter in the prior year, the company earned ($0.13) earnings per share. Sell-side analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JOBY shares. HC Wainwright reaffirmed a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, December 18th. Canaccord Genuity Group upped their price objective on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a report on Wednesday, January 8th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a research report on Monday, September 30th. JPMorgan Chase & Co. cut shares of Joby Aviation from a “neutral” rating to an “underweight” rating and increased their price target for the company from $5.00 to $6.00 in a research report on Friday. Finally, Needham & Company LLC initiated coverage on shares of Joby Aviation in a research note on Tuesday, November 19th. They set a “buy” rating and a $8.00 price target on the stock. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Joby Aviation has a consensus rating of “Moderate Buy” and a consensus target price of $8.90.

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.