60,907 Shares in Joby Aviation, Inc. (NYSE:JOBY) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in Joby Aviation, Inc. (NYSE:JOBY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 60,907 shares of the company's stock, valued at approximately $495,000.

Several other large investors have also bought and sold shares of JOBY. Ameriprise Financial Inc. purchased a new stake in shares of Joby Aviation during the fourth quarter valued at approximately $498,000. Gallagher Fiduciary Advisors LLC grew its stake in Joby Aviation by 3.1% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company's stock valued at $543,000 after purchasing an additional 2,000 shares during the period. Uber Technologies Inc bought a new stake in shares of Joby Aviation during the 4th quarter worth $207,842,000. Soros Fund Management LLC purchased a new position in shares of Joby Aviation in the 4th quarter worth about $1,097,000. Finally, Northern Trust Corp grew its position in Joby Aviation by 19.5% during the fourth quarter. Northern Trust Corp now owns 4,115,380 shares of the company's stock valued at $33,458,000 after buying an additional 672,946 shares during the period. 52.85% of the stock is currently owned by institutional investors.

Insider Activity at Joby Aviation

In other news, Director Paul Cahill Sciarra sold 166,667 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $6.78, for a total value of $1,130,002.26. Following the completion of the sale, the director now owns 58,494,728 shares in the company, valued at approximately $396,594,255.84. The trade was a 0.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Joeben Bevirt sold 250,000 shares of Joby Aviation stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $5.89, for a total value of $1,472,500.00. Following the completion of the transaction, the chief executive officer now owns 32,275,793 shares in the company, valued at $190,104,420.77. This trade represents a 0.77% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 757,168 shares of company stock worth $4,682,353. Company insiders own 28.50% of the company's stock.

Joby Aviation Stock Performance

NYSE:JOBY opened at $6.64 on Friday. The stock has a 50-day simple moving average of $6.34 and a two-hundred day simple moving average of $7.18. The firm has a market capitalization of $5.23 billion, a PE ratio of -9.49 and a beta of 2.34. Joby Aviation, Inc. has a 52-week low of $4.66 and a 52-week high of $10.72.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.07. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. During the same period in the prior year, the business posted ($0.14) earnings per share. Equities analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on JOBY. Canaccord Genuity Group lifted their target price on shares of Joby Aviation from $11.50 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, May 8th. HC Wainwright reiterated a "buy" rating and issued a $9.00 price objective on shares of Joby Aviation in a research note on Wednesday, April 30th. Cantor Fitzgerald reissued an "overweight" rating and set a $9.00 target price on shares of Joby Aviation in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating for the company in a report on Thursday, February 27th. Finally, Morgan Stanley reiterated an "equal weight" rating and issued a $7.00 price target (down from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $8.67.

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.

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