GTS Securities LLC decreased its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 93.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,949 shares of the company's stock after selling 186,643 shares during the quarter. GTS Securities LLC's holdings in Joby Aviation were worth $113,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of JOBY. Spire Wealth Management purchased a new stake in shares of Joby Aviation during the fourth quarter valued at approximately $110,000. Rheos Capital Works Inc. increased its holdings in shares of Joby Aviation by 17.0% during the fourth quarter. Rheos Capital Works Inc. now owns 2,405,000 shares of the company's stock valued at $19,553,000 after acquiring an additional 350,000 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in shares of Joby Aviation during the fourth quarter valued at $466,000. Tyche Wealth Partners LLC purchased a new stake in shares of Joby Aviation during the fourth quarter valued at $135,000. Finally, Golden State Wealth Management LLC purchased a new stake in shares of Joby Aviation during the fourth quarter valued at $42,000. Hedge funds and other institutional investors own 52.85% of the company's stock.
Joby Aviation Trading Down 1.3%
JOBY traded down $0.11 on Wednesday, hitting $7.93. The company had a trading volume of 7,932,234 shares, compared to its average volume of 12,942,729. The firm has a market cap of $6.27 billion, a P/E ratio of -11.36 and a beta of 2.34. Joby Aviation, Inc. has a 1 year low of $4.66 and a 1 year high of $10.72. The company's fifty day moving average price is $6.50 and its 200 day moving average price is $7.28.
Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.07. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. During the same quarter last year, the firm earned ($0.14) EPS. On average, analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on JOBY shares. Morgan Stanley reaffirmed an "equal weight" rating and issued a $7.00 price objective (down previously from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. HC Wainwright reissued a "buy" rating and set a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, April 30th. Canaccord Genuity Group reiterated a "buy" rating and issued a $12.00 target price on shares of Joby Aviation in a report on Wednesday. Needham & Company LLC reissued a "buy" rating and issued a $10.00 price target on shares of Joby Aviation in a research report on Thursday, February 27th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $9.00 price target on shares of Joby Aviation in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $8.67.
Read Our Latest Report on Joby Aviation
Insider Activity at Joby Aviation
In other Joby Aviation news, insider Bonny W. Simi sold 9,695 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $6.78, for a total value of $65,732.10. Following the completion of the transaction, the insider now owns 146,941 shares in the company, valued at approximately $996,259.98. This represents a 6.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Motor Corp/ Toyota acquired 49,701,790 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was acquired at an average price of $5.03 per share, with a total value of $250,000,003.70. Following the transaction, the director now directly owns 122,573,621 shares of the company's stock, valued at $616,545,313.63. This represents a 68.20% increase in their position. The disclosure for this purchase can be found here. Insiders sold 750,950 shares of company stock valued at $4,640,619 over the last three months. 28.50% of the stock is owned by corporate insiders.
About Joby Aviation
(
Free Report)
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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