Baillie Gifford & Co. Sells 850,198 Shares of Joby Aviation, Inc. $JOBY

Key Points

• Baillie Gifford & Co. sold 850,198 shares in Q4, trimming its stake to 49,570,755 shares (about 5.44%) valued at roughly $654.3 million.
• Insiders have sold 1,331,614 shares in the past 90 days (≈$13.82M), including CEO Joeben Bevirt’s sale of 15,823 shares, though insiders still own 32.40% of the stock.
• Analysts have an average rating of "Reduce" with a $13.81 consensus target; meanwhile Joby beat the latest quarter (EPS -$0.14 vs. -$0.20, revenue $30.84M, +5,506% YoY) and the stock trades around $8.35 (12‑month range $5.56–$20.95).

Baillie Gifford & Co. lowered its position in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,570,755 shares of the company's stock after selling 850,198 shares during the quarter. Baillie Gifford & Co. owned approximately 5.44% of Joby Aviation worth $654,334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. GPS Wealth Strategies Group LLC grew its stake in Joby Aviation by 22.5% in the third quarter. GPS Wealth Strategies Group LLC now owns 3,794 shares of the company's stock worth $61,000 after purchasing an additional 697 shares in the last quarter. Asset Planning Inc grew its stake in Joby Aviation by 70.0% in the third quarter. Asset Planning Inc now owns 1,700 shares of the company's stock worth $27,000 after purchasing an additional 700 shares in the last quarter. GoalVest Advisory LLC grew its stake in Joby Aviation by 2.1% in the fourth quarter. GoalVest Advisory LLC now owns 33,500 shares of the company's stock worth $442,000 after purchasing an additional 700 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in Joby Aviation by 4.6% in the third quarter. Thrivent Financial for Lutherans now owns 16,705 shares of the company's stock worth $270,000 after purchasing an additional 736 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA grew its stake in Joby Aviation by 15.3% in the third quarter. Compagnie Lombard Odier SCmA now owns 5,765 shares of the company's stock worth $93,000 after purchasing an additional 765 shares in the last quarter. Institutional investors own 52.85% of the company's stock.

Analyst Upgrades and Downgrades

JOBY has been the topic of several research analyst reports. Oppenheimer set a $18.00 price objective on Joby Aviation in a research note on Thursday, February 26th. HC Wainwright restated a "buy" rating and set a $18.00 target price on shares of Joby Aviation in a report on Thursday, March 12th. Canaccord Genuity Group restated a "hold" rating and set a $15.50 target price on shares of Joby Aviation in a report on Tuesday, February 3rd. Needham & Company LLC lowered their target price on Joby Aviation to $18.00 and set a "buy" rating for the company in a report on Thursday, February 26th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Joby Aviation in a report on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $13.81.

Joby Aviation Trading Up 0.1%

Shares of JOBY opened at $8.35 on Monday. Joby Aviation, Inc. has a 12 month low of $5.56 and a 12 month high of $20.95. The stock has a fifty day moving average price of $9.53 and a 200-day moving average price of $13.15. The firm has a market cap of $7.61 billion, a PE ratio of -7.32 and a beta of 2.68.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.06. The business had revenue of $30.84 million for the quarter, compared to analysts' expectations of $16.88 million. During the same quarter in the prior year, the company posted ($0.34) EPS. The business's revenue for the quarter was up 5506.5% on a year-over-year basis. As a group, research analysts forecast that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Joby Aviation News Summary

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Joby announced a partnership with Air Space Intelligence to integrate AI-driven airspace management with its eVTOL air taxis and was highlighted as part of a White House–backed eVTOL Integration Pilot Program that enables early operations across 12 states — a step that could materially de-risk regulatory and airspace integration for commercial launches. Article Title
• Positive Sentiment: Feature coverage on Joby’s technology and progress increases public and investor visibility, supporting sentiment around long-term market opportunity in electric aviation. Article Title
• Positive Sentiment: Market commentary listing Joby among “low-rated” names with large price-target gaps signals some analysts/coverage see significant upside potential vs. current consensus — a potential catalyst if upgrades or bullish notes follow. Article Title
• Neutral Sentiment: Multiple insiders (CEO Joeben Bevirt, CFO Rodrigo Brumana, Bonny Simi, Eric Allison, Didier Papadopoulos, Kate Dehoff, Gregory Bowles and others) sold small blocks of shares on April 8–9. Most sales were disclosed as tax-withholding sales tied to equity vesting or executed under a Rule 10b5-1 plan; the transactions represent very small percentage reductions in individual holdings. These routine transactions can create short-term supply but are not clear indicators of negative company-specific news. SEC filings: CEO Form 4 / Didier 10b5-1 Form 4

Insiders Place Their Bets

In other news, CEO Joeben Bevirt sold 15,823 shares of the stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $8.15, for a total transaction of $128,957.45. Following the completion of the sale, the chief executive officer owned 263,862 shares in the company, valued at approximately $2,150,475.30. This represents a 5.66% 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 3,394 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $8.76, for a total value of $29,731.44. Following the sale, the insider owned 144,284 shares of the company's stock, valued at approximately $1,263,927.84. This represents a 2.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 1,331,614 shares of company stock worth $13,819,083. 32.40% of the stock is currently owned by company insiders.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company's core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby's eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company's flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.

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