Joby Aviation, Inc. $JOBY Shares Sold by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd trimmed its position in Joby Aviation, Inc. (NYSE:JOBY) by 90.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 145,232 shares of the company’s stock after selling 1,313,757 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Joby Aviation were worth $2,344,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Asset Planning Inc lifted its stake in shares of Joby Aviation by 70.0% during the third quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Joby Aviation by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after buying an additional 1,880 shares during the period. Canton Hathaway LLC acquired a new position in Joby Aviation during the 3rd quarter worth approximately $29,000. Hilltop National Bank purchased a new position in Joby Aviation in the 3rd quarter worth approximately $32,000. Finally, GPS Wealth Strategies Group LLC grew its position in Joby Aviation by 32.0% in the second quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock valued at $33,000 after acquiring an additional 750 shares in the last quarter. Institutional investors and hedge funds own 52.85% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on JOBY shares. The Goldman Sachs Group started coverage on shares of Joby Aviation in a research report on Monday, December 1st. They set a “sell” rating and a $10.00 target price on the stock. HC Wainwright restated a “neutral” rating on shares of Joby Aviation in a research note on Monday, November 24th. Morgan Stanley upped their target price on shares of Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a research note on Thursday, October 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. Finally, Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $13.43.

Insider Buying and Selling at Joby Aviation

In other news, insider Didier Papadopoulos sold 6,429 shares of the stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $15.84, for a total transaction of $101,835.36. Following the transaction, the insider owned 113,718 shares of the company’s stock, valued at approximately $1,801,293.12. This represents a 5.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kate Dehoff sold 28,260 shares of the stock in a transaction that occurred on Wednesday, January 14th. The shares were sold at an average price of $14.72, for a total value of $415,987.20. Following the transaction, the insider owned 149,369 shares in the company, valued at approximately $2,198,711.68. This trade represents a 15.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 289,556 shares of company stock valued at $4,052,822 in the last quarter. Corporate insiders own 32.40% of the company’s stock.

Joby Aviation Price Performance

Shares of JOBY stock traded up $0.06 during trading hours on Wednesday, reaching $13.53. The stock had a trading volume of 1,651,120 shares, compared to its average volume of 23,293,230. The firm has a 50-day simple moving average of $14.44 and a 200-day simple moving average of $15.42. The firm has a market capitalization of $12.33 billion, a PE ratio of -10.05 and a beta of 2.56. Joby Aviation, Inc. has a twelve month low of $4.96 and a twelve month high of $20.95.

Joby Aviation (NYSE:JOBY) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The firm had revenue of $22.57 million during the quarter, compared to analyst estimates of $0.02 million. The company’s revenue for the quarter was up 7962.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.21) EPS. On average, equities analysts anticipate that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

About Joby Aviation

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.