Integrity Alliance LLC. Takes Position in Joby Aviation, Inc. $JOBY

Integrity Alliance LLC. purchased a new stake in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,632 shares of the company's stock, valued at approximately $124,000.

A number of other large investors also recently modified their holdings of the business. Toyota Motor Corp acquired a new position in Joby Aviation during the fourth quarter worth about $640,259,000. Nuveen Asset Management LLC grew its holdings in Joby Aviation by 331.4% during the fourth quarter. Nuveen Asset Management LLC now owns 4,260,082 shares of the company's stock worth $34,634,000 after acquiring an additional 3,272,597 shares during the period. Nuveen LLC acquired a new position in Joby Aviation during the first quarter worth about $18,936,000. Rheos Capital Works Inc. grew its holdings in Joby Aviation by 89.4% during the first quarter. Rheos Capital Works Inc. now owns 4,555,000 shares of the company's stock worth $27,421,000 after acquiring an additional 2,150,000 shares during the period. Finally, Exchange Traded Concepts LLC grew its holdings in Joby Aviation by 31.4% during the first quarter. Exchange Traded Concepts LLC now owns 1,724,888 shares of the company's stock worth $10,384,000 after acquiring an additional 411,691 shares during the period. 52.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Joby Aviation news, insider Eric Allison sold 27,538 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $11.97, for a total transaction of $329,629.86. Following the completion of the sale, the insider directly owned 660,076 shares in the company, valued at approximately $7,901,109.72. This trade represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul Cahill Sciarra sold 500,001 shares of the firm's stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $14.35, for a total value of $7,175,014.35. Following the sale, the director owned 56,828,058 shares of the company's stock, valued at $815,482,632.30. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,439,630 shares of company stock worth $28,826,505. Corporate insiders own 32.40% of the company's stock.

Analyst Upgrades and Downgrades

JOBY has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Joby Aviation from $5.00 to $7.00 and gave the stock an "underweight" rating in a report on Friday, August 1st. HC Wainwright lowered Joby Aviation from a "buy" rating to a "neutral" rating in a report on Thursday, August 7th. Canaccord Genuity Group lowered Joby Aviation from a "buy" rating to a "hold" rating and lifted their target price for the stock from $12.00 to $17.00 in a report on Thursday, August 7th. Wall Street Zen lowered Joby Aviation from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. Finally, Cantor Fitzgerald reiterated a "neutral" rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Monday, June 23rd. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Joby Aviation has a consensus rating of "Hold" and an average price target of $10.50.

Joby Aviation Trading Up 2.4%

Shares of NYSE JOBY opened at $14.00 on Monday. Joby Aviation, Inc. has a one year low of $4.78 and a one year high of $20.95. The firm has a market capitalization of $11.99 billion, a PE ratio of -13.09 and a beta of 2.51. The business has a 50-day moving average price of $15.38 and a two-hundred day moving average price of $10.02.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.24) EPS for the quarter, missing analysts' consensus estimates of ($0.18) by ($0.06). Joby Aviation had a negative return on equity of 71.29% and a negative net margin of 447,083.78%.The business had revenue of $0.02 million for the quarter, compared to analyst estimates of $0.05 million. During the same quarter in the previous year, the business posted ($0.18) earnings per share. The company's revenue was down 94.6% compared to the same quarter last year. Research analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.

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.

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