Joby Aviation, Inc. (NYSE:JOBY) Shares Sold by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY - Free Report) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,371,623 shares of the company's stock after selling 282,528 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.49% of Joby Aviation worth $22,421,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Sittner & Nelson LLC grew its holdings in shares of Joby Aviation by 100.0% during the third quarter. Sittner & Nelson LLC now owns 4,000 shares of the company's stock valued at $26,000 after buying an additional 2,000 shares during the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Joby Aviation by 466.7% during the third quarter. Harbor Investment Advisory LLC now owns 6,800 shares of the company's stock valued at $44,000 after buying an additional 5,600 shares during the last quarter. Exchange Traded Concepts LLC purchased a new position in shares of Joby Aviation during the 3rd quarter worth $47,000. Monterey Private Wealth Inc. purchased a new position in shares of Joby Aviation during the 4th quarter worth $67,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Joby Aviation during the 4th quarter worth $73,000. Institutional investors own 45.54% of the company's stock.

Joby Aviation Stock Performance

Shares of Joby Aviation stock traded up $0.17 on Monday, hitting $4.72. 3,881,337 shares of the company's stock were exchanged, compared to its average volume of 4,876,315. The company has a 50-day simple moving average of $5.28 and a 200-day simple moving average of $5.79. The stock has a market capitalization of $3.31 billion, a PE ratio of -5.82 and a beta of 2.07. Joby Aviation, Inc. has a 1 year low of $3.72 and a 1 year high of $11.98.

Joby Aviation (NYSE:JOBY - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.02. The business had revenue of $1.03 million for the quarter, compared to analysts' expectations of $1.50 million. During the same quarter in the prior year, the business earned ($0.14) EPS. On average, analysts expect that Joby Aviation, Inc. will post -0.72 EPS for the current fiscal year.

Insider Activity

In other news, CEO Joeben Bevirt sold 5,448 shares of the firm's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $25,278.72. Following the sale, the chief executive officer now directly owns 662,605 shares in the company, valued at approximately $3,074,487.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Joeben Bevirt sold 5,448 shares of the firm's stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $25,278.72. Following the sale, the chief executive officer now directly owns 662,605 shares in the company, valued at approximately $3,074,487.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Field sold 12,500 shares of the firm's stock in a transaction on Friday, March 1st. The shares were sold at an average price of $5.50, for a total transaction of $68,750.00. Following the sale, the insider now owns 232,506 shares in the company, valued at $1,278,783. The disclosure for this sale can be found here. Insiders have sold 550,832 shares of company stock worth $2,822,382 in the last three months. Company insiders own 49.50% of the company's stock.

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.