Janney Montgomery Scott LLC Has $1.34 Million Stock Holdings in Joby Aviation, Inc. (NYSE:JOBY)

Janney Montgomery Scott LLC boosted its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY) by 15.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 266,882 shares of the company’s stock after buying an additional 34,866 shares during the period. Janney Montgomery Scott LLC’s holdings in Joby Aviation were worth $1,342,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in shares of Joby Aviation by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 50,103 shares of the company’s stock valued at $269,000 after purchasing an additional 3,942 shares during the period. Vanguard Group Inc. grew its position in Joby Aviation by 9.1% during the first quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock valued at $185,776,000 after purchasing an additional 2,889,012 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Joby Aviation in the 1st quarter valued at approximately $15,357,000. Price T Rowe Associates Inc. MD lifted its position in Joby Aviation by 5.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 193,322 shares of the company’s stock worth $1,037,000 after buying an additional 10,234 shares in the last quarter. Finally, Cetera Advisors LLC boosted its stake in shares of Joby Aviation by 32.9% during the 1st quarter. Cetera Advisors LLC now owns 20,276 shares of the company’s stock valued at $109,000 after buying an additional 5,025 shares during the period. 45.54% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Joby Aviation

In related news, insider Kate Dehoff sold 27,898 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $5.50, for a total transaction of $153,439.00. Following the transaction, the insider now owns 199,413 shares of the company’s stock, valued at approximately $1,096,771.50. The trade was a 12.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul Cahill Sciarra sold 166,666 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $5.15, for a total transaction of $858,329.90. Following the transaction, the director now owns 59,828,059 shares of the company’s stock, valued at approximately $308,114,503.85. The trade was a 0.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 525,499 shares of company stock worth $2,667,151 over the last ninety days. Company insiders own 32.40% of the company’s stock.

Joby Aviation Stock Performance

JOBY opened at $5.92 on Friday. The firm has a market cap of $4.24 billion, a P/E ratio of -8.53 and a beta of 1.97. The business has a 50 day moving average price of $5.39 and a 200 day moving average price of $5.33. Joby Aviation, Inc. has a twelve month low of $4.50 and a twelve month high of $7.69.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) earnings per share 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 analyst estimates of $0.06 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. As a group, analysts anticipate that Joby Aviation, Inc. will post -0.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on JOBY. JPMorgan Chase & Co. dropped their price target on shares of Joby Aviation from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Canaccord Genuity Group dropped their target price on Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. HC Wainwright reiterated a “buy” rating and set a $9.00 price target on shares of Joby Aviation in a report on Wednesday, October 2nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $10.00 price target on shares of Joby Aviation in a research note on Monday, September 30th.

Joby Aviation Company 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.