Yarbrough Capital LLC Acquires New Shares in Joby Aviation, Inc. (NYSE:JOBY)

Yarbrough Capital LLC bought a new position in shares of Joby Aviation, Inc. (NYSE:JOBY) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 167,483 shares of the company’s stock, valued at approximately $1,362,000.

A number of other institutional investors have also added to or reduced their stakes in JOBY. Geode Capital Management LLC lifted its position in shares of Joby Aviation by 7.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,390,720 shares of the company’s stock worth $47,245,000 after purchasing an additional 670,852 shares during the period. State Street Corp raised its stake in Joby Aviation by 9.5% in the third quarter. State Street Corp now owns 9,372,636 shares of the company’s stock worth $47,144,000 after buying an additional 812,248 shares in the last quarter. Ieq Capital LLC lifted its holdings in Joby Aviation by 68.6% during the second quarter. Ieq Capital LLC now owns 4,441,574 shares of the company’s stock worth $22,652,000 after buying an additional 1,807,054 shares during the period. Susquehanna Fundamental Investments LLC boosted its position in Joby Aviation by 1,018.5% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 677,116 shares of the company’s stock valued at $3,453,000 after acquiring an additional 616,579 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Joby Aviation by 26.7% during the 2nd quarter. Rhumbline Advisers now owns 548,724 shares of the company’s stock valued at $2,798,000 after acquiring an additional 115,483 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Insider Transactions at Joby Aviation

In other Joby Aviation news, insider Didier Papadopoulos sold 6,005 shares of Joby Aviation stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.65, for a total transaction of $45,938.25. Following the completion of the transaction, the insider now owns 54,776 shares in the company, valued at approximately $419,036.40. This trade represents a 9.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joeben Bevirt sold 23,886 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $8.08, for a total value of $192,998.88. Following the completion of the sale, the chief executive officer now owns 768,293 shares in the company, valued at $6,207,807.44. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 640,849 shares of company stock worth $5,601,747 over the last three months. 32.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group upped their price objective on Joby Aviation from $9.75 to $11.50 and gave the stock a “buy” rating in a research note on Wednesday, January 8th. Cantor Fitzgerald reissued an “overweight” rating and set a $10.00 price target on shares of Joby Aviation in a research report on Monday, September 30th. JPMorgan Chase & Co. cut shares of Joby Aviation from a “neutral” rating to an “underweight” rating and raised their price target for the company from $5.00 to $6.00 in a report on Friday, January 10th. Needham & Company LLC increased their target price on shares of Joby Aviation from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, HC Wainwright reiterated a “buy” rating and set a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, Joby Aviation has an average rating of “Moderate Buy” and an average price target of $9.30.

Joby Aviation Trading Up 3.4 %

NYSE JOBY opened at $8.38 on Friday. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $10.72. The company has a fifty day simple moving average of $7.88 and a two-hundred day simple moving average of $6.29. The stock has a market cap of $6.41 billion, a P/E ratio of -11.96 and a beta of 2.33.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). Joby Aviation had a negative return on equity of 51.76% and a negative net margin of 42,844.57%. The firm had revenue of $0.28 million during the quarter, compared to analysts’ expectations of $0.06 million. During the same quarter last year, the business earned ($0.13) EPS. As a group, sell-side analysts forecast that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Joby Aviation Profile

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.