To get a sense of who is truly in control of Joby Aviation, Inc. (NYSE:JOBY), it is important to understand the ownership structure of the business. The group holding the most number of shares in the company, around 28% to be precise, is individual insiders. Put another way, the group faces the maximum upside potential (or downside risk).
And our data suggests that insiders own the top position in the company's share registry despite recent sales. As market cap fell to US$3.2b last week, they would have faced the highest losses than any other shareholder groups of the company.
Let's delve deeper into each type of owner of Joby Aviation, beginning with the chart below.
Check out our latest analysis for Joby Aviation
NYSE:JOBY Ownership Breakdown September 7th 2022
What Does The Institutional Ownership Tell Us About Joby Aviation?
Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices.
Joby Aviation already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Joby Aviation's earnings history below. Of course, the future is what really matters.
NYSE:JOBY Earnings and Revenue Growth September 7th 2022
Hedge funds don't have many shares in Joby Aviation. The company's CEO JoeBen Bevirt is the largest shareholder with 16% of shares outstanding. With 12% and 9.9% of the shares outstanding respectively, Toyota Motor Corporation and Paul Sciarra are the second and third largest shareholders. Interestingly, the third-largest shareholder, Paul Sciarra is also a Chairman of the Board, again, indicating strong insider ownership amongst the company's top shareholders.
Our research also brought to light the fact that roughly 53% of the company is controlled by the top 5 shareholders suggesting that these owners wield significant influence on the business.
While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily.
Insider Ownership Of Joby Aviation
The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves.
Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances.
Our most recent data indicates that insiders own a reasonable proportion of Joby Aviation, Inc.. It has a market capitalization of just US$3.2b, and insiders have US$885m worth of shares in their own names. That's quite significant. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. You can click here to see if those insiders have been buying or selling.
General Public Ownership
The general public, who are usually individual investors, hold a 27% stake in Joby Aviation. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
Private Equity Ownership
With a stake of 14%, private equity firms could influence the Joby Aviation board. Sometimes we see private equity stick around for the long term, but generally speaking they have a shorter investment horizon and -- as the name suggests -- don't invest in public companies much. After some time they may look to sell and redeploy capital elsewhere.
Public Company Ownership
We can see that public companies hold 13% of the Joby Aviation shares on issue. It's hard to say for sure but this suggests they have entwined business interests. This might be a strategic stake, so it's worth watching this space for changes in ownership.
Next Steps:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. Be aware that Joby Aviation is showing 4 warning signs in our investment analysis , and 2 of those are significant...
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
为了弄清楚谁真正控制了Joby航空公司(纽约证券交易所代码:Joby),了解企业的所有权结构是很重要的。持有该公司股份最多的集团,准确地说约为28%,是个人内部人士。换句话说,该集团面临着最大的上行潜力(或下行风险)。
我们的数据显示,尽管最近出售了股票,但内部人士在该公司的股票登记簿上拥有最高地位。随着市值上周跌至32亿美元,他们将面临比该公司任何其他股东集团都要高的损失。
让我们从下面的图表开始,更深入地研究Joby Aviation的每种类型的所有者。
查看我们对Joby航空的最新分析
纽约证券交易所:Joby所有权明细2022年9月7日
机构所有权告诉了我们关于卓比航空的什么?
许多机构以一个接近当地市场的指数来衡量它们的表现。因此,他们通常更关注那些被纳入主要指数的公司。
Joby Aviation已经在股票登记处登记了机构。事实上,他们在该公司拥有可观的股份。这可以表明该公司在投资界具有一定的公信力。然而,最好警惕依赖机构投资者带来的所谓验证。他们也一样,有时也会犯错。如果多家机构同时改变对一只股票的看法,你可能会看到股价迅速下跌。因此,下面是Joby Aviation的盈利历史,值得一看。当然,未来才是真正重要的。
纽约证券交易所:Joby收益和收入增长2022年9月7日
对冲基金在卓比航空的股份并不多。该公司首席执行官JoeBen Bevirt是最大股东,持有16%的流通股。丰田汽车公司和保罗·夏拉分别持有12%和9.9%的流通股,是第二大和第三大股东。有趣的是,第三大股东保罗·夏拉也是董事会主席,这再次表明公司的大股东拥有强大的内部人所有权。
我们的研究还揭示了这样一个事实,即公司约53%的股份由前5名股东控制,这表明这些所有者对业务具有重大影响。
虽然研究一家公司的机构持股可以增加你的研究价值,但研究分析师的建议以更深入地了解一只股票的预期表现也是一个很好的做法。相当多的分析师追踪这只股票,所以你可以很容易地研究预测增长。
卓比航空的内部人所有权
公司内部人的定义可能是主观的,而且在不同的司法管辖区之间确实有所不同。我们的数据反映了个别内部人士,至少捕捉到了董事会成员。公司管理层对董事会负责,董事会应代表股东的利益。值得注意的是,有时最高层管理人员本身也是董事会成员。
内部人持股是积极的,当它标志着领导层像公司的真正所有者一样思考时。然而,高内部人持股也可以给公司内部的一个小团体带来巨大的权力。在某些情况下,这可能是负面的。
我们的最新数据显示,内部人士拥有Joby Aviation,Inc.的合理比例。它的市值仅为32亿美元,内部人士以自己的名义持有价值8.85亿美元的股票。这是非常重要的。大多数人会说,这表明与股东的关系很好,特别是在这样一家规模如此大的公司。你可以点击这里,看看这些内部人士是一直在买入还是卖出。
一般公有制
公众通常是个人投资者,他们持有Joby Aviation 27%的股份。尽管这种规模的所有权可能不足以影响有利于他们的政策决定,但他们仍然可以对公司政策产生集体影响。
私募股权所有权
私募股权公司持有14%的股份,可能会影响Joby Aviation董事会。有时我们会看到私募股权投资长期存在,但总的来说,它们的投资期限较短,而且--顾名思义--不会对上市公司进行太多投资。一段时间后,他们可能会考虑出售并将资本重新配置到其他地方。
上市公司所有权
我们可以看到,上市公司持有Joby Aviation已发行股票的13%。很难说肯定,但这表明他们的商业利益交织在一起。这可能是一个战略利害关系,因此值得关注这一所有权变化的空间。
接下来的步骤:
虽然考虑拥有一家公司的不同集团是很值得的,但还有其他更重要的因素。请注意,乔比航空公司正在展示我们的投资分析中的4个警告信号,其中两个是重要的……
最终未来是最重要的。您可以访问此免费分析师对该公司的预测报告。
注:本文中的数字是使用过去12个月的数据计算的,指的是截至财务报表日期的最后一个月的12个月期间。这可能与全年的年度报告数字不一致。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。