Joby Aviation, Inc. (NYSE:JOBY) Shares Sold by Numerai GP LLC

Numerai GP LLC decreased its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 94.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,193 shares of the company's stock after selling 185,903 shares during the period. Numerai GP LLC's holdings in Joby Aviation were worth $91,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Whittier Trust Co. acquired a new stake in shares of Joby Aviation during the fourth quarter valued at $38,000. Compagnie Lombard Odier SCmA acquired a new stake in shares of Joby Aviation during the 4th quarter worth about $41,000. Golden State Wealth Management LLC acquired a new stake in shares of Joby Aviation during the 4th quarter worth about $42,000. Allworth Financial LP grew its holdings in shares of Joby Aviation by 200.6% during the fourth quarter. Allworth Financial LP now owns 4,975 shares of the company's stock worth $44,000 after buying an additional 3,320 shares in the last quarter. Finally, Covestor Ltd lifted its stake in shares of Joby Aviation by 195.8% during the fourth quarter. Covestor Ltd now owns 6,022 shares of the company's stock valued at $50,000 after buying an additional 3,986 shares during the period. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

Joby Aviation Trading Down 4.9%

NYSE:JOBY traded down $0.36 on Monday, hitting $7.03. 11,039,496 shares of the stock were exchanged, compared to its average volume of 11,969,007. The stock has a fifty day moving average of $6.28 and a 200-day moving average of $7.14. The stock has a market cap of $5.54 billion, a PE ratio of -10.04 and a beta of 2.34. 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 results on Tuesday, May 6th. The company reported ($0.11) earnings per share for the quarter, topping analysts' consensus estimates 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 previous year, the business posted ($0.14) earnings per share. As a group, analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Needham & Company LLC reiterated a "buy" rating and issued a $10.00 price target on shares of Joby Aviation in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their target price on Joby Aviation from $6.00 to $5.00 and set an "underweight" rating on the stock in a research report on Thursday, February 27th. Cantor Fitzgerald restated an "overweight" rating and issued a $9.00 price target on shares of Joby Aviation in a report on Monday, May 5th. Canaccord Genuity Group upped their price objective on shares of Joby Aviation from $11.50 to $12.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $7.00 target price (down from $10.00) on shares of Joby Aviation in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $8.67.

Insider Activity

In other news, Director Paul Cahill Sciarra sold 166,667 shares of Joby Aviation 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 completion of the transaction, the director now owns 58,494,728 shares in the company, valued at approximately $396,594,255.84. This trade represents a 0.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joeben Bevirt sold 101,652 shares of Joby Aviation stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $6.66, for a total transaction of $677,002.32. Following the completion of the transaction, the chief executive officer now directly owns 60,526,762 shares of the company's stock, valued at approximately $403,108,234.92. This represents a 0.17% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 753,766 shares of company stock worth $4,659,968. 28.50% of the stock is currently owned by corporate insiders.

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.