Voya Investment Management LLC Has $18.56 Million Stock Position in Joby Aviation, Inc. $JOBY

Key Points

• Voya Investment Management increased its stake in Joby by 20% in Q3, acquiring 192,064 shares to hold 1,150,050 shares worth about $18.56 million.
• Q3 results missed on earnings (EPS -$0.48 vs. -$0.19 estimate) but revenue rose to $22.57 million (up ~7,962% YoY); the company remains unprofitable with analysts forecasting a negative full‑year EPS.
• Insider and institutional activity: CEO Joeben Bevirt sold 253,600 shares and insiders sold 588,994 shares (~$9.66M) in the last 90 days (insiders own 32.4%), while large institutional holders — notably Toyota — maintain sizable positions.

Voya Investment Management LLC lifted its position in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 20.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,150,050 shares of the company's stock after acquiring an additional 192,064 shares during the quarter. Voya Investment Management LLC owned approximately 0.13% of Joby Aviation worth $18,562,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Toyota Motor Corp raised its holdings in Joby Aviation by 63.1% during the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company's stock worth $1,355,194,000 after purchasing an additional 49,701,790 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Joby Aviation by 5.4% during the second quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company's stock worth $117,230,000 after buying an additional 573,328 shares during the last quarter. State Street Corp lifted its holdings in Joby Aviation by 3.0% in the second quarter. State Street Corp now owns 10,392,018 shares of the company's stock valued at $109,636,000 after buying an additional 305,109 shares during the period. Rheos Capital Works Inc. boosted its stake in Joby Aviation by 58.2% in the second quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company's stock valued at $76,013,000 after acquiring an additional 2,650,000 shares during the last quarter. Finally, ARK Investment Management LLC boosted its stake in Joby Aviation by 1.9% in the second quarter. ARK Investment Management LLC now owns 3,507,405 shares of the company's stock valued at $37,003,000 after acquiring an additional 64,562 shares during the last quarter. Institutional investors own 52.85% of the company's stock.

Joby Aviation Trading Up 2.5%

JOBY stock opened at $14.19 on Monday. Joby Aviation, Inc. has a 1-year low of $4.96 and a 1-year high of $20.95. The firm has a market cap of $12.94 billion, a PE ratio of -10.59 and a beta of 2.53. The business's 50-day moving average price is $15.16 and its two-hundred day moving average price is $14.48.

Joby Aviation (NYSE:JOBY - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.29). The firm had revenue of $22.57 million during the quarter, compared to the consensus estimate of $0.02 million. During the same quarter in the prior year, the company posted ($0.21) earnings per share. Joby Aviation's revenue for the quarter was up 7962.1% compared to the same quarter last year. On average, analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JOBY. Morgan Stanley upped their target price on shares of Joby Aviation from $7.00 to $15.00 and gave the company an "equal weight" rating in a research report on Thursday, October 9th. Needham & Company LLC reaffirmed a "buy" rating and set a $22.00 price objective on shares of Joby Aviation in a research note on Thursday, November 6th. HC Wainwright reissued a "neutral" rating on shares of Joby Aviation in a research note on Monday, November 24th. Weiss Ratings restated a "sell (d-)" rating on shares of Joby Aviation in a report on Wednesday, October 8th. Finally, Zacks Research raised Joby Aviation from a "strong sell" rating to a "hold" rating in a research note on Tuesday, November 4th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average target price of $13.43.

Key Joby Aviation News

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

• Positive Sentiment: Joby plans to double U.S. air‑taxi production capacity by 2027, signaling acceleration toward commercial deliveries and higher future revenue potential. Joby Moves To Double U.S. Production Capacity By 2027
• Positive Sentiment: Joby announced a partnership with Metropolis to develop 25 vertiport sites across the U.S., leveraging Metropolis’ parking network and AI to accelerate infrastructure rollout and route viability. That supports market access and near‑term commercialization plans. Joby, Metropolis Announce Partnership to Develop 25 Vertiport Sites Across the U.S.
• Positive Sentiment: Coverage notes Joby is tapping Metropolis’ parking locations and AI tech for initial buildout, which could lower vertiport capex and speed site deployment—important for scaling rides and demonstrating unit economics. Joby Taps Metropolis Parking Network For Initial U.S. Buildout
• Positive Sentiment: Joby framed the U.S. government’s Advanced Air Mobility plan as pivotal to its commercial launch, reinforcing regulatory tailwinds that reduce execution risk for early operators. Joby: U.S. Government’s Advanced Air Mobility Plan is Pivotal Step Toward Commercial Launch
• Neutral Sentiment: CEO Joeben Bevirt has been giving interviews explaining why Joby is doubling U.S. manufacturing capacity — useful for investor confidence but largely reiterative of the company’s production targets and rationale. Joby Aviation CEO explains why the company is doubling its U.S. manufacturing capacity
• Neutral Sentiment: Analyst commentary warns JOBY has surged ~82.5% year‑over‑year and carries a premium valuation with ongoing losses—this raises profit‑taking and downside risk despite operational progress. Joby Rises 82.5% in a Year: Should You Still Buy the Stock in 2026?
• Negative Sentiment: An article reports insider selling, which coincided with a ~6% intraday drop — a direct negative catalyst that can spur short‑term selling regardless of operational progress. Joby Aviation NYSE: JOBY Shares Down 6.1% Following Insider Selling

Insider Transactions at Joby Aviation

In related news, CEO Joeben Bevirt sold 253,600 shares of the business's stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $16.29, for a total value of $4,131,144.00. Following the sale, the chief executive officer directly owned 60,273,162 shares of the company's stock, valued at approximately $981,849,808.98. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eric Allison sold 27,537 shares of the company's stock in a transaction on Monday, October 13th. The stock was sold at an average price of $16.84, for a total transaction of $463,723.08. Following the completion of the transaction, the insider directly owned 692,428 shares of the company's stock, valued at approximately $11,660,487.52. The trade was a 3.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 588,994 shares of company stock valued at $9,660,128. 32.40% of the stock is currently owned by insiders.

Joby Aviation Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company's core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby's eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company's flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.

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