43,717 Shares in Joby Aviation, Inc. $JOBY Purchased by Valeo Financial Advisors LLC

by · The Markets Daily

Valeo Financial Advisors LLC purchased a new position in Joby Aviation, Inc. (NYSE:JOBY – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 43,717 shares of the company’s stock, valued at approximately $461,000.

A number of other institutional investors and hedge funds also recently modified their holdings of JOBY. CWM LLC lifted its holdings in shares of Joby Aviation by 8.1% during the 2nd quarter. CWM LLC now owns 9,156 shares of the company’s stock worth $97,000 after acquiring an additional 689 shares during the period. GPS Wealth Strategies Group LLC increased its position in Joby Aviation by 32.0% during the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock worth $33,000 after purchasing an additional 750 shares during the last quarter. Allworth Financial LP raised its stake in Joby Aviation by 11.9% during the second quarter. Allworth Financial LP now owns 7,197 shares of the company’s stock worth $76,000 after purchasing an additional 763 shares during the period. Flagship Harbor Advisors LLC raised its stake in Joby Aviation by 2.6% during the second quarter. Flagship Harbor Advisors LLC now owns 31,726 shares of the company’s stock worth $335,000 after purchasing an additional 800 shares during the period. Finally, EP Wealth Advisors LLC boosted its holdings in shares of Joby Aviation by 2.2% in the 2nd quarter. EP Wealth Advisors LLC now owns 38,228 shares of the company’s stock valued at $403,000 after purchasing an additional 821 shares during the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Insiders Place Their Bets

In other Joby Aviation news, insider Kate Dehoff sold 52,907 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $15.76, for a total value of $833,814.32. Following the completion of the transaction, the insider directly owned 149,369 shares of the company’s stock, valued at $2,354,055.44. This represents a 26.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Eric Allison sold 27,537 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $16.84, for a total value of $463,723.08. Following the sale, the insider owned 692,428 shares of the company’s stock, valued at $11,660,487.52. This represents a 3.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 654,801 shares of company stock valued at $10,697,118. Corporate insiders own 28.50% of the company’s stock.

Joby Aviation Stock Performance

Shares of NYSE:JOBY opened at $13.87 on Friday. The business’s 50-day simple moving average is $15.20 and its 200 day simple moving average is $14.35. The company has a market cap of $12.65 billion, a P/E ratio of -10.35 and a beta of 2.53. Joby Aviation, Inc. has a one year low of $4.96 and a one year high of $20.95.

Joby Aviation (NYSE:JOBY – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The business had revenue of $22.57 million during the quarter, compared to analysts’ expectations of $0.02 million. During the same period in the previous year, the company posted ($0.21) EPS. The firm’s revenue for the quarter was up 7962.1% compared to the same quarter last year. Analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JOBY. JPMorgan Chase & Co. upped their price objective on Joby Aviation from $7.00 to $8.00 and gave the stock an “underweight” rating in a report on Friday, October 31st. HC Wainwright reissued a “neutral” rating on shares of Joby Aviation in a research report on Monday, November 24th. The Goldman Sachs Group started coverage on Joby Aviation in a report on Monday, December 1st. They issued a “sell” rating and a $10.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Joby Aviation in a research note on Wednesday, October 8th. Finally, Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Joby Aviation in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, Joby Aviation presently has a consensus rating of “Reduce” and a consensus price target of $13.43.

View Our Latest Stock Analysis on JOBY

About Joby Aviation

(Free Report)

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.

Further Reading

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