DnB Asset Management AS trimmed its holdings in Joby Aviation, Inc. (NYSE:JOBY – Get Rating) by 4.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 93,646 shares of the company's stock after selling 4,122 shares during the period. DnB Asset Management AS's holdings in Joby Aviation were worth $460,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also modified their holdings of the company. Minot Wealth Management LLC purchased a new stake in shares of Joby Aviation in the first quarter valued at about $66,000. Prelude Capital Management LLC purchased a new stake in shares of Joby Aviation in the first quarter valued at about $69,000. Traverso Chambers Private Wealth Management LLC purchased a new stake in shares of Joby Aviation in the first quarter valued at about $73,000. Pearl River Capital LLC purchased a new stake in shares of Joby Aviation in the first quarter valued at about $78,000. Finally, Merit Financial Group LLC purchased a new stake in shares of Joby Aviation in the first quarter valued at about $78,000. 29.04% of the stock is currently owned by institutional investors and hedge funds.
Get Joby Aviation alerts:Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on JOBY shares. Raymond James started coverage on shares of Joby Aviation in a report on Wednesday, July 27th. They issued a "market perform" rating for the company. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Joby Aviation from $8.00 to $7.00 in a research note on Tuesday, August 16th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $9.20.
Insider Activity
In other news, insider Didier Papadopoulos sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $5.50, for a total value of $220,000.00. Following the completion of the transaction, the insider now owns 18,128 shares of the company's stock, valued at $99,704. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CEO Joeben Bevirt bought 35,000 shares of Joby Aviation stock in a transaction that occurred on Thursday, July 21st. The shares were purchased at an average price of $5.53 per share, with a total value of $193,550.00. Following the completion of the acquisition, the chief executive officer now directly owns 54,549,028 shares in the company, valued at $301,656,124.84. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Didier Papadopoulos sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $5.50, for a total transaction of $220,000.00. Following the completion of the sale, the insider now directly owns 18,128 shares in the company, valued at approximately $99,704. The disclosure for this sale can be found here. Insiders own 51.30% of the company's stock.Joby Aviation Price Performance
Shares of JOBY stock opened at $5.02 on Friday. The firm has a market cap of $3.05 billion, a PE ratio of -12.74 and a beta of 1.53. The company has a 50-day moving average of $5.65 and a two-hundred day moving average of $5.41. Joby Aviation, Inc. has a 1-year low of $3.61 and a 1-year high of $11.10.
Joby Aviation (NYSE:JOBY – Get Rating) last posted its quarterly earnings data on Thursday, August 11th. The company reported ($0.15) EPS for the quarter, meeting the consensus estimate of ($0.15). Sell-side analysts anticipate that Joby Aviation, Inc. will post -0.59 EPS for the current fiscal year.
Joby Aviation Profile
(Get Rating)
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. It intends to build an aerial ridesharing service. The company was founded in 2009 and is headquartered in Santa Cruz, California.
Featured Stories
- Get a free copy of the StockNews.com research report on Joby Aviation (JOBY)
- The Institutions Hold On To Darden Restaurants International
- What Steelcase's Earnings Say About the Return to the Office?
- Is The Golden Age Of Homebuilding Already Over?
- These 3 Big Dividend Payers Also Boast Strong Price Growth
- Natural Gas Prices Continue To Rally, These Stocks Should Benefit
Want to see what other hedge funds are holding JOBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Joby Aviation, Inc. (NYSE:JOBY – Get Rating).
Receive News & Ratings for Joby Aviation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Joby Aviation and related companies with MarketBeat.com's FREE daily email newsletter.