Universal Beteiligungs und Servicegesellschaft mbH Acquires 22,268 Shares of Joby Aviation, Inc. (NYSE:JOBY)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH increased its stake in Joby Aviation by 7.3% during Q1, holding 328,790 shares valued at approximately $1.98 million.
• Institutional and hedge fund investors own 52.85% of Joby Aviation, with several firms significantly increasing their positions in the last quarter.
• Joby Aviation's stock has received mixed ratings, with a consensus rating of "Hold" and an average target price of $9.33 from various analysts.

Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 328,790 shares of the company's stock after purchasing an additional 22,268 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Joby Aviation were worth $1,979,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in JOBY. Toronto Dominion Bank purchased a new stake in shares of Joby Aviation in the 4th quarter valued at approximately $41,000. Carolinas Wealth Consulting LLC purchased a new stake in shares of Joby Aviation in the 4th quarter valued at approximately $41,000. GAMMA Investing LLC lifted its position in shares of Joby Aviation by 773.9% in the 1st quarter. GAMMA Investing LLC now owns 5,663 shares of the company's stock valued at $34,000 after acquiring an additional 5,015 shares in the last quarter. Covestor Ltd lifted its position in shares of Joby Aviation by 195.8% in the 4th quarter. Covestor Ltd now owns 6,022 shares of the company's stock valued at $50,000 after acquiring an additional 3,986 shares in the last quarter. Finally, Decker Retirement Planning Inc. lifted its position in shares of Joby Aviation by 250.0% in the 1st quarter. Decker Retirement Planning Inc. now owns 7,000 shares of the company's stock valued at $42,000 after acquiring an additional 5,000 shares in the last quarter. 52.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have 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 set a $9.00 price target on shares of Joby Aviation in a research note on Monday, June 23rd. Wall Street Zen upgraded shares of Joby Aviation from a "sell" rating to a "hold" rating in a research note on Saturday, July 12th. Canaccord Genuity Group restated a "buy" rating and set a $12.00 price target on shares of Joby Aviation in a research note on Wednesday, June 4th. Finally, HC Wainwright restated a "buy" rating and set a $13.00 price target (up previously from $9.00) on shares of Joby Aviation in a research note on Monday, June 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $9.33.

Insider Buying and Selling

In other Joby Aviation news, insider Gregory Bowles sold 7,961 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $10.28, for a total value of $81,839.08. Following the sale, the insider directly owned 153,280 shares in the company, valued at $1,575,718.40. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul Cahill Sciarra sold 500,001 shares of the firm's stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $12.38, for a total transaction of $6,190,012.38. Following the transaction, the director directly owned 57,328,059 shares of the company's stock, valued at $709,721,370.42. The trade was a 0.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,867,653 shares of company stock worth $19,256,442. 28.50% of the stock is currently owned by corporate insiders.

Joby Aviation Price Performance

Shares of NYSE JOBY traded down $0.20 during trading hours on Thursday, hitting $16.62. 21,892,176 shares of the stock were exchanged, compared to its average volume of 37,753,328. The company's 50 day moving average is $11.22 and its 200 day moving average is $8.37. The firm has a market capitalization of $13.16 billion, a P/E ratio of -19.78 and a beta of 2.47. Joby Aviation, Inc. has a one year low of $4.66 and a one year high of $18.55.

Joby Aviation (NYSE:JOBY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) earnings per share (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 company posted ($0.14) earnings per share. Research analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal 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.