Joby Aviation, Inc. $JOBY Stock Holdings Lifted by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group increased its Joby Aviation stake by 4.7% in the third quarter, adding 131,920 shares to hold nearly 2.95 million shares, worth about $17.8 million. Institutional investors collectively own 52.85% of the company.
• Joby reported quarterly revenue of $55.1 million, up 143.8% year over year and above estimates, while its per-share loss was narrower than expected. It also raised its 2026 revenue outlook to $135 million–$140 million.
• Analyst views remain mixed, with a consensus “Reduce” rating and an $11.33 price target. FAA certification progress is advancing, but the company’s $212 million quarterly net loss and continued cash use remain significant risks.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 4.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,947,672 shares of the company's stock after acquiring an additional 131,920 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.30% of Joby Aviation worth $17,833,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its stake in shares of Joby Aviation by 30.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 352,874 shares of the company's stock valued at $3,148,000 after purchasing an additional 82,737 shares during the last quarter. SummitTX Capital L.P. purchased a new position in shares of Joby Aviation during the 1st quarter worth $1,127,000. Edgestream Partners L.P. acquired a new stake in shares of Joby Aviation during the 1st quarter worth about $1,189,000. Bank of New York Mellon Corp increased its position in shares of Joby Aviation by 27.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,136,710 shares of the company's stock worth $19,059,000 after purchasing an additional 462,585 shares during the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Joby Aviation by 22,166.0% during the 1st quarter. Fifth Third Bancorp now owns 444,875 shares of the company's stock worth $3,675,000 after purchasing an additional 442,877 shares during the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on JOBY shares. HC Wainwright reaffirmed a "buy" rating and issued a $18.00 target price on shares of Joby Aviation in a research report on Monday, September 21st. Cantor Fitzgerald reiterated a "neutral" rating on shares of Joby Aviation in a research report on Monday, September 21st. Barclays started coverage on shares of Joby Aviation in a research note on Friday, October 9th. They issued an "underweight" rating and a $4.00 price target on the stock. Weiss Ratings restated a "sell (d-)" rating on shares of Joby Aviation in a report on Monday, October 12th. Finally, Canaccord Genuity Group raised shares of Joby Aviation from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $11.50 to $7.00 in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $11.33.

Insider Activity at Joby Aviation

In other news, insider Bonny W. Simi sold 10,890 shares of the stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $5.95, for a total transaction of $64,795.50. Following the sale, the insider owned 241,923 shares of the company's stock, valued at approximately $1,439,441.85. This represents a 4.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Rodrigo Brumana sold 37,831 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $6.77, for a total transaction of $256,115.87. Following the sale, the chief financial officer directly owned 119,729 shares in the company, valued at $810,565.33. This represents a 24.01% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 1,017,628 shares of company stock worth $6,340,090 over the last ninety days. Company insiders own 20.35% of the company's stock.

Joby Aviation Trading Up 5.0%

Shares of NYSE JOBY opened at $5.30 on Friday. Joby Aviation, Inc. has a twelve month low of $4.43 and a twelve month high of $17.10. The company has a current ratio of 17.98, a quick ratio of 17.98 and a debt-to-equity ratio of 0.40. The stock has a fifty day simple moving average of $5.75 and a 200-day simple moving average of $8.48. The stock has a market capitalization of $5.25 billion, a PE ratio of -7.27 and a beta of 2.84.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.25) by $0.03. Joby Aviation had a negative return on equity of 48.49% and a negative net margin of 462.85%. The firm had revenue of $55.09 million for the quarter, compared to the consensus estimate of $38.95 million. During the same quarter in the previous year, the business earned ($0.48) EPS. The company's quarterly revenue was up 143.8% compared to the same quarter last year. On average, equities analysts forecast that Joby Aviation, Inc. will post -1.00 earnings per share for the current year.

More Joby Aviation News

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

• Positive Sentiment: Joby reported third-quarter revenue of about $55 million, up roughly 144% year over year and well above analysts’ estimates. Its per-share loss was also narrower than expected, and the company raised its 2026 revenue outlook to $135 million–$140 million. Joby Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company said it has entered the FAA’s fifth and final type-certification stage, with “for-credit” testing underway, and is targeting type inspection authorization in the first half of 2027. Certification progress is an important step toward commercial operations. Joby advances final stages of FAA certification
• Positive Sentiment: Joby’s Blade passenger business had a record quarter, while manufacturing output grew 37%. The U.S. Air Force also expanded its commitment to nearly $37 million for autonomous-flight development, supporting a defense business alongside its air-taxi ambitions. Joby expands autonomous flight contracts
• Neutral Sentiment: Analyst actions were mixed: Canaccord raised its rating to Buy but lowered its price target to $7, while Needham kept a Buy rating and cut its target to $10. Canaccord analyst actions
• Negative Sentiment: Despite the revenue beat, Joby recorded a quarterly net loss of $212 million. Continued heavy cash use, plus the uncertainty and time required to complete certification and launch commercial service, remain key risks for investors. Q3 earnings-call highlights

Joby Aviation Profile

Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.

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