Stifel Financial Corp Sells 3,666 Shares of Joby Aviation, Inc. (NYSE:JOBY)

Stifel Financial Corp decreased its holdings in Joby Aviation, Inc. (NYSE:JOBY) by 24.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,046 shares of the company’s stock after selling 3,666 shares during the quarter. Stifel Financial Corp’s holdings in Joby Aviation were worth $56,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Holocene Advisors LP raised its holdings in shares of Joby Aviation by 91.7% in the third quarter. Holocene Advisors LP now owns 521,327 shares of the company’s stock valued at $2,622,000 after buying an additional 249,375 shares during the last quarter. Fred Alger Management LLC increased its stake in Joby Aviation by 89.4% in the 3rd quarter. Fred Alger Management LLC now owns 123,368 shares of the company’s stock valued at $621,000 after buying an additional 58,229 shares during the last quarter. Verition Fund Management LLC boosted its stake in shares of Joby Aviation by 118.9% during the 3rd quarter. Verition Fund Management LLC now owns 78,339 shares of the company’s stock worth $394,000 after buying an additional 42,544 shares during the last quarter. CreativeOne Wealth LLC bought a new position in shares of Joby Aviation in the 3rd quarter valued at about $79,000. Finally, Larson Financial Group LLC grew its holdings in shares of Joby Aviation by 218.3% in the 3rd quarter. Larson Financial Group LLC now owns 7,290 shares of the company’s stock valued at $37,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

Insider Buying and Selling at Joby Aviation

In other Joby Aviation news, insider Matthew Field sold 5,643 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $5.96, for a total transaction of $33,632.28. Following the completion of the sale, the insider now directly owns 293,143 shares of the company’s stock, valued at approximately $1,747,132.28. The trade was a 1.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kate Dehoff sold 27,898 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $5.50, for a total value of $153,439.00. Following the completion of the transaction, the insider now owns 199,413 shares in the company, valued at $1,096,771.50. This represents a 12.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,065 shares of company stock valued at $551,080. Corporate insiders own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

JOBY has been the subject of several analyst reports. Canaccord Genuity Group decreased their target price on shares of Joby Aviation from $10.50 to $9.75 and set a “buy” rating for the company in a research note on Tuesday, October 29th. Cantor Fitzgerald restated an “overweight” rating and issued a $10.00 target price on shares of Joby Aviation in a research report on Monday, September 30th. JPMorgan Chase & Co. decreased their price target on shares of Joby Aviation from $6.00 to $5.00 and set a “neutral” rating on the stock in a report on Tuesday, October 29th. Needham & Company LLC started coverage on Joby Aviation in a research note on Tuesday, November 19th. They set a “buy” rating and a $8.00 price target on the stock. Finally, HC Wainwright reiterated a “buy” rating and issued a $9.00 price target on shares of Joby Aviation in a research report on Wednesday, December 18th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $8.35.

Joby Aviation Stock Down 6.0 %

Shares of NYSE JOBY opened at $8.39 on Tuesday. The firm has a market cap of $6.42 billion, a PE ratio of -11.99 and a beta of 2.32. The company’s fifty day simple moving average is $6.97 and its 200 day simple moving average is $5.96. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $9.33.

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 the consensus estimate of $0.06 million. During the same quarter in the prior year, the business earned ($0.13) earnings per share. On average, equities analysts predict that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

About Joby Aviation

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.