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.
為了弄清楚誰真正控制了Joby航空公司(紐約證券交易所代碼:Joby),瞭解企業的所有權結構是很重要的。持有該公司股份最多的集團,準確地説約為28%,是個人內部人士。換句話説,該集團面臨着最大的上行潛力(或下行風險)。
我們的數據顯示,儘管最近出售了股票,但內部人士在該公司的股票登記簿上擁有最高地位。隨着市值上週跌至32億美元,他們將面臨比該公司任何其他股東集團都要高的損失。
讓我們從下面的圖表開始,更深入地研究Joby Aviation的每種類型的所有者。
查看我們對Joby航空的最新分析
紐約證券交易所:Joby所有權明細2022年9月7日
機構所有權告訴了我們關於卓比航空的什麼?
許多機構以一個接近當地市場的指數來衡量它們的表現。因此,他們通常更關注那些被納入主要指數的公司。
Joby Aviation已經在股票登記處登記了機構。事實上,他們在該公司擁有可觀的股份。這可以表明該公司在投資界具有一定的公信力。然而,最好警惕依賴機構投資者帶來的所謂驗證。他們也一樣,有時也會犯錯。如果多家機構同時改變對一隻股票的看法,你可能會看到股價迅速下跌。因此,下面是Joby Aviation的盈利歷史,值得一看。當然,未來才是真正重要的。
紐約證券交易所:Joby收益和收入增長2022年9月7日
對衝基金在卓比航空的股份並不多。該公司首席執行官JoeBen Bevirt是最大股東,持有16%的流通股。豐田汽車公司和保羅·夏拉分別持有12%和9.9%的流通股,是第二大和第三大股東。有趣的是,第三大股東保羅·夏拉也是董事會主席,這再次表明公司的大股東擁有強大的內部人所有權。
我們的研究還揭示了這樣一個事實,即公司約53%的股份由前5名股東控制,這表明這些所有者對業務具有重大影響。
雖然研究一家公司的機構持股可以增加你的研究價值,但研究分析師的建議以更深入地瞭解一隻股票的預期表現也是一個很好的做法。相當多的分析師追蹤這隻股票,所以你可以很容易地研究預測增長。
卓比航空的內部人所有權
公司內部人的定義可能是主觀的,而且在不同的司法管轄區之間確實有所不同。我們的數據反映了個別內部人士,至少捕捉到了董事會成員。公司管理層對董事會負責,董事會應代表股東的利益。值得注意的是,有時最高層管理人員本身也是董事會成員。
內部人持股是積極的,當它標誌着領導層像公司的真正所有者一樣思考時。然而,高內部人持股也可以給公司內部的一個小團體帶來巨大的權力。在某些情況下,這可能是負面的。
我們的最新數據顯示,內部人士擁有Joby Aviation,Inc.的合理比例。它的市值僅為32億美元,內部人士以自己的名義持有價值8.85億美元的股票。這是非常重要的。大多數人會説,這表明與股東的關係很好,特別是在這樣一家規模如此大的公司。你可以點擊這裏,看看這些內部人士是一直在買入還是賣出。
一般公有制
公眾通常是個人投資者,他們持有Joby Aviation 27%的股份。儘管這種規模的所有權可能不足以影響有利於他們的政策決定,但他們仍然可以對公司政策產生集體影響。
私募股權所有權
私募股權公司持有14%的股份,可能會影響Joby Aviation董事會。有時我們會看到私募股權投資長期存在,但總的來説,它們的投資期限較短,而且--顧名思義--不會對上市公司進行太多投資。一段時間後,他們可能會考慮出售並將資本重新配置到其他地方。
上市公司所有權
我們可以看到,上市公司持有Joby Aviation已發行股票的13%。很難説肯定,但這表明他們的商業利益交織在一起。這可能是一個戰略利害關係,因此值得關注這一所有權變化的空間。
接下來的步驟:
雖然考慮擁有一家公司的不同集團是很值得的,但還有其他更重要的因素。請注意,喬比航空公司正在展示我們的投資分析中的4個警告信號,其中兩個是重要的……
最終未來是最重要的。您可以訪問此免費分析師對該公司的預測報告。
注:本文中的數字是使用過去12個月的數據計算的,指的是截至財務報表日期的最後一個月的12個月期間。這可能與全年的年度報告數字不一致。
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。