IQ EQ FUND MANAGEMENT IRELAND Ltd Purchases 68,780 Shares of Joby Aviation, Inc. (NYSE:JOBY)

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its position in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 78.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,538 shares of the company's stock after buying an additional 68,780 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd's holdings in Joby Aviation were worth $942,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Toyota Motor Corp bought a new position in shares of Joby Aviation in the 4th quarter worth about $640,259,000. Uber Technologies Inc acquired a new stake in Joby Aviation during the fourth quarter worth approximately $207,842,000. Geode Capital Management LLC increased its holdings in Joby Aviation by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 10,208,358 shares of the company's stock worth $83,015,000 after purchasing an additional 817,638 shares in the last quarter. Rheos Capital Works Inc. lifted its stake in Joby Aviation by 89.4% in the first quarter. Rheos Capital Works Inc. now owns 4,555,000 shares of the company's stock valued at $27,421,000 after buying an additional 2,150,000 shares during the period. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Joby Aviation by 331.4% during the 4th quarter. Nuveen Asset Management LLC now owns 4,260,082 shares of the company's stock worth $34,634,000 after buying an additional 3,272,597 shares in the last quarter. Institutional investors own 52.85% of the company's stock.

Insider Buying and Selling at Joby Aviation

In other news, insider Bonny W. Simi sold 300,000 shares of the stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $10.79, for a total value of $3,237,000.00. Following the completion of the sale, the insider directly owned 203,588 shares of the company's stock, valued at $2,196,714.52. This represents a 59.57% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 that occurred on Monday, July 14th. The shares were sold at an average price of $12.38, for a total value of $6,190,012.38. Following the completion of the transaction, the director owned 57,328,059 shares in the company, valued at $709,721,370.42. This represents a 0.86% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,867,653 shares of company stock worth $19,256,442. 32.40% of the stock is currently owned by corporate insiders.

Joby Aviation Trading Up 19.0%

JOBY opened at $20.43 on Tuesday. Joby Aviation, Inc. has a 1-year low of $4.66 and a 1-year high of $20.95. The company has a market cap of $16.17 billion, a price-to-earnings ratio of -24.32 and a beta of 2.52. The company's fifty day moving average price is $11.70 and its two-hundred day moving average price is $8.52.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.07. Joby Aviation had a negative net margin of 447,083.78% and a negative return on equity of 63.27%. During the same quarter in the prior year, the firm earned ($0.14) earnings per share. As a group, equities analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JOBY. Morgan Stanley reiterated 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. Cantor Fitzgerald restated a "neutral" rating and issued a $9.00 price target on shares of Joby Aviation in a report on Monday, June 23rd. Wall Street Zen lowered shares of Joby Aviation from a "hold" rating to a "sell" rating in a report on Saturday. Canaccord Genuity Group reissued a "buy" rating and set a $12.00 price objective on shares of Joby Aviation in a research report on Wednesday, June 4th. Finally, HC Wainwright restated a "buy" rating and issued a $13.00 target price (up from $9.00) on shares of Joby Aviation in a research note on Monday, June 9th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $9.67.

About Joby Aviation

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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