Joby Aviation, Inc. (NYSE:JOBY) Holdings Lifted by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its position in shares of Joby Aviation, Inc. (NYSE:JOBY) by 25.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 51,534 shares of the company’s stock after buying an additional 10,367 shares during the quarter. Victory Capital Management Inc.’s holdings in Joby Aviation were worth $343,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Joby Aviation by 20.6% in the 3rd quarter. Vanguard Group Inc. now owns 34,130,744 shares of the company’s stock valued at $220,143,000 after purchasing an additional 5,819,837 shares during the period. Baillie Gifford & Co. boosted its position in shares of Joby Aviation by 10.3% in the 4th quarter. Baillie Gifford & Co. now owns 56,320,441 shares of the company’s stock valued at $374,531,000 after purchasing an additional 5,267,436 shares during the period. New York State Common Retirement Fund boosted its position in shares of Joby Aviation by 8.1% in the 4th quarter. New York State Common Retirement Fund now owns 114,331 shares of the company’s stock valued at $760,000 after purchasing an additional 8,595 shares during the period. Schonfeld Strategic Advisors LLC boosted its position in shares of Joby Aviation by 596.5% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 160,200 shares of the company’s stock valued at $1,033,000 after purchasing an additional 137,200 shares during the period. Finally, Rheos Capital Works Inc. boosted its position in shares of Joby Aviation by 113.0% in the 4th quarter. Rheos Capital Works Inc. now owns 2,055,000 shares of the company’s stock valued at $13,666,000 after purchasing an additional 1,090,000 shares during the period. Institutional investors own 45.54% of the company’s stock.

Joby Aviation Trading Up 2.1 %

Shares of Joby Aviation stock opened at $4.91 on Friday. The stock has a 50-day moving average price of $5.03 and a 200 day moving average price of $5.65. The company has a market cap of $3.48 billion, a P/E ratio of -6.46 and a beta of 2.04. Joby Aviation, Inc. has a 1 year low of $4.50 and a 1 year high of $11.98.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.03. The business had revenue of $0.03 million during the quarter, compared to analysts’ expectations of $0.05 million. The firm’s revenue was down 97.5% on a year-over-year basis. During the same period in the prior year, the company posted ($0.16) earnings per share. On average, equities analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

Insider Transactions at Joby Aviation

In other news, Director Paul Cahill Sciarra sold 202,080 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $5.07, for a total transaction of $1,024,545.60. Following the completion of the sale, the director now directly owns 59,994,725 shares of the company’s stock, valued at approximately $304,173,255.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Paul Cahill Sciarra sold 202,080 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $5.07, for a total transaction of $1,024,545.60. Following the completion of the sale, the director now directly owns 59,994,725 shares of the company’s stock, valued at approximately $304,173,255.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $5.18, for a total value of $1,295,000.00. Following the sale, the chief executive officer now directly owns 32,774,274 shares of the company’s stock, valued at $169,770,739.32. The disclosure for this sale can be found here. Insiders sold 562,420 shares of company stock valued at $2,871,933 in the last three months. Corporate insiders own 49.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 price objective for the company in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.67.

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.