Joby Aviation, Inc. (NYSE:JOBY) Shares Bought by Jump Financial LLC

Jump Financial LLC raised its holdings in Joby Aviation, Inc. (NYSE:JOBYFree Report) by 40.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 370,260 shares of the company’s stock after purchasing an additional 107,294 shares during the quarter. Jump Financial LLC’s holdings in Joby Aviation were worth $2,462,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Sittner & Nelson LLC increased its stake in shares of Joby Aviation by 100.0% during the third quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock worth $26,000 after acquiring an additional 2,000 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in shares of Joby Aviation by 2.4% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 115,986 shares of the company’s stock worth $748,000 after acquiring an additional 2,771 shares during the period. Prime Capital Investment Advisors LLC grew its position in Joby Aviation by 18.1% during the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,317 shares of the company’s stock worth $135,000 after buying an additional 3,120 shares during the period. Arizona State Retirement System grew its position in Joby Aviation by 11.7% during the third quarter. Arizona State Retirement System now owns 49,292 shares of the company’s stock worth $318,000 after buying an additional 5,153 shares during the period. Finally, Cookson Peirce & Co. Inc. grew its position in Joby Aviation by 3.9% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 150,393 shares of the company’s stock worth $1,000,000 after buying an additional 5,704 shares during the period. 45.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Joby Aviation

In related news, CEO Joeben Bevirt sold 5,757 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $6.03, for a total transaction of $34,714.71. Following the transaction, the chief executive officer now owns 604,437 shares of the company’s stock, valued at $3,644,755.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Joeben Bevirt sold 5,757 shares of the company’s stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $6.03, for a total transaction of $34,714.71. Following the completion of the transaction, the chief executive officer now owns 604,437 shares of the company’s stock, valued at $3,644,755.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Didier Papadopoulos sold 11,362 shares of the company’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $4.96, for a total transaction of $56,355.52. Following the transaction, the insider now directly owns 68,278 shares of the company’s stock, valued at approximately $338,658.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 553,419 shares of company stock valued at $2,836,610. Company insiders own 49.50% of the company’s stock.

Joby Aviation Stock Up 1.8 %

Shares of NYSE JOBY traded up $0.09 on Monday, hitting $5.15. The company’s stock had a trading volume of 2,433,333 shares, compared to its average volume of 4,857,628. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $11.98. The stock has a 50 day moving average of $5.09 and a 200-day moving average of $5.69.

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

Analyst Upgrades and Downgrades

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

Read Our Latest Report on JOBY

Joby Aviation Profile

(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.

See Also

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Institutional Ownership by Quarter for Joby Aviation (NYSE:JOBY)

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