Joby Aviation, Inc. (NYSE:JOBY) Shares Acquired by NBC Securities Inc.

NBC Securities Inc. lifted its position in Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 111,200.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 105,735 shares of the company's stock after acquiring an additional 105,640 shares during the period. NBC Securities Inc.'s holdings in Joby Aviation were worth $636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Whittier Trust Co. acquired a new stake in shares of Joby Aviation during the 4th quarter worth approximately $38,000. Allworth Financial LP grew its stake in shares of Joby Aviation by 200.6% in the fourth quarter. Allworth Financial LP now owns 4,975 shares of the company's stock valued at $44,000 after buying an additional 3,320 shares in the last quarter. Compagnie Lombard Odier SCmA purchased a new stake in shares of Joby Aviation in the 4th quarter valued at $41,000. Toronto Dominion Bank acquired a new position in Joby Aviation during the 4th quarter worth about $41,000. Finally, Carolinas Wealth Consulting LLC acquired a new position in Joby Aviation during the 4th quarter worth about $41,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Joby Aviation

In related news, Director Paul Cahill Sciarra sold 166,667 shares of the company's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $6.78, for a total value of $1,130,002.26. Following the sale, the director now owns 58,494,728 shares in the company, valued at $396,594,255.84. This represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Motor Corp/ Toyota bought 49,701,790 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were purchased at an average price of $5.03 per share, for a total transaction of $250,000,003.70. Following the completion of the transaction, the director now 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 have sold a total of 750,950 shares of company stock worth $4,640,619 over the last three months. 28.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JOBY has been the topic of a number of recent research reports. Morgan Stanley reiterated an "equal weight" rating and set a $7.00 price target (down from $10.00) on shares of Joby Aviation in a research note on Friday, April 11th. HC Wainwright reiterated a "buy" rating and set a $9.00 target price on shares of Joby Aviation in a research note on Wednesday, April 30th. Needham & Company LLC restated a "buy" rating and set a $10.00 price objective on shares of Joby Aviation in a research report on Thursday, February 27th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $9.00 price objective on shares of Joby Aviation in a research note on Monday, May 5th. Finally, Canaccord Genuity Group restated a "buy" rating and set a $12.00 target price on shares of Joby Aviation in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Joby Aviation currently has an average rating of "Moderate Buy" and an average price target of $8.67.

Joby Aviation Price Performance

Shares of JOBY stock traded up $0.59 during mid-day trading on Friday, hitting $8.15. The stock had a trading volume of 28,117,345 shares, compared to its average volume of 13,139,570. The firm has a market cap of $6.45 billion, a PE ratio of -11.64 and a beta of 2.39. The company's 50-day simple moving average is $6.57 and its 200-day simple moving average is $7.30. Joby Aviation, Inc. has a fifty-two week low of $4.66 and a fifty-two week high of $10.72.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.07. Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. During the same period last year, the firm posted ($0.14) EPS. On average, analysts expect 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.