Universal Beteiligungs und Servicegesellschaft mbH Invests $2.49 Million in Joby Aviation, Inc. (NYSE:JOBY)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Joby Aviation, Inc. (NYSE:JOBY - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 306,522 shares of the company's stock, valued at approximately $2,492,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JOBY. NewEdge Advisors LLC grew its position in Joby Aviation by 9.9% in the 4th quarter. NewEdge Advisors LLC now owns 21,505 shares of the company's stock worth $175,000 after purchasing an additional 1,935 shares during the period. Gallagher Fiduciary Advisors LLC boosted its stake in shares of Joby Aviation by 3.1% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 66,800 shares of the company's stock worth $543,000 after buying an additional 2,000 shares during the last quarter. Private Advisor Group LLC grew its holdings in shares of Joby Aviation by 6.6% in the fourth quarter. Private Advisor Group LLC now owns 36,774 shares of the company's stock worth $299,000 after acquiring an additional 2,261 shares during the period. Larson Financial Group LLC grew its holdings in shares of Joby Aviation by 35.3% in the fourth quarter. Larson Financial Group LLC now owns 9,864 shares of the company's stock worth $80,000 after acquiring an additional 2,574 shares during the period. Finally, Empowered Funds LLC increased its position in Joby Aviation by 32.7% during the fourth quarter. Empowered Funds LLC now owns 13,409 shares of the company's stock valued at $109,000 after acquiring an additional 3,308 shares during the last quarter. 52.85% of the stock is owned by institutional investors.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, insider Bonny W. Simi sold 9,695 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $6.78, for a total transaction of $65,732.10. Following the completion of the sale, the insider now directly owns 146,941 shares of the company's stock, valued at $996,259.98. This trade represents a 6.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Cahill Sciarra sold 166,667 shares of Joby Aviation stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $6.78, for a total transaction of $1,130,002.26. Following the sale, the director now owns 58,494,728 shares in the company, valued at approximately $396,594,255.84. The trade was a 0.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 750,950 shares of company stock valued at $4,640,619 over the last ninety days. 28.50% of the stock is currently owned by company insiders.

Joby Aviation Trading Down 2.2%

NYSE JOBY traded down $0.18 on Wednesday, reaching $7.85. 17,199,223 shares of the stock were exchanged, compared to its average volume of 12,976,347. The firm has a market capitalization of $6.22 billion, a PE ratio of -11.21 and a beta of 2.34. Joby Aviation, Inc. has a one year low of $4.66 and a one year high of $10.72. The company's 50-day simple moving average is $6.50 and its two-hundred day simple moving average is $7.28.

Joby Aviation (NYSE:JOBY - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.07. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. During the same quarter in the prior year, the business posted ($0.14) EPS. Sell-side analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.