Bouvel Investment Partners LLC Buys Shares of 122,147 Joby Aviation, Inc. (NYSE:JOBY)

Bouvel Investment Partners LLC acquired a new position in Joby Aviation, Inc. (NYSE:JOBY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 122,147 shares of the company’s stock, valued at approximately $614,000.

Other hedge funds also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its position in shares of Joby Aviation by 84.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 202,223 shares of the company’s stock valued at $1,084,000 after purchasing an additional 92,508 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Joby Aviation during the first quarter valued at approximately $324,000. ProShare Advisors LLC raised its position in Joby Aviation by 8.5% in the first quarter. ProShare Advisors LLC now owns 50,103 shares of the company’s stock worth $269,000 after acquiring an additional 3,942 shares during the period. Vanguard Group Inc. boosted its stake in shares of Joby Aviation by 9.1% during the 1st quarter. Vanguard Group Inc. now owns 34,659,624 shares of the company’s stock worth $185,776,000 after acquiring an additional 2,889,012 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Joby Aviation during the 1st quarter valued at $15,357,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Joby Aviation Trading Down 6.3 %

Shares of JOBY opened at $5.93 on Thursday. The company has a market capitalization of $4.24 billion, a PE ratio of -8.73 and a beta of 1.97. Joby Aviation, Inc. has a 12-month low of $4.50 and a 12-month high of $7.69. The business’s 50 day moving average is $5.37 and its 200 day moving average is $5.32.

Joby Aviation (NYSE:JOBY) last posted its earnings results on Wednesday, November 6th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. The company had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.06 million. During the same period in the previous year, the business posted ($0.13) earnings per share. Equities research analysts predict that Joby Aviation, Inc. will post -0.68 earnings per share for the current year.

Insider Activity at Joby Aviation

In other news, insider Didier Papadopoulos sold 6,025 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $5.33, for a total transaction of $32,113.25. Following the sale, the insider now directly owns 47,474 shares of the company’s stock, valued at $253,036.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Didier Papadopoulos sold 6,025 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $5.33, for a total transaction of $32,113.25. Following the sale, the insider now directly owns 47,474 shares in the company, valued at approximately $253,036.42. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Matthew Field sold 5,643 shares of Joby Aviation stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $5.96, for a total value of $33,632.28. Following the completion of the transaction, the insider now owns 293,143 shares of the company’s stock, valued at approximately $1,747,132.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 525,499 shares of company stock valued at $2,667,151. Insiders own 32.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JOBY shares. HC Wainwright reiterated a “buy” rating and set a $9.00 target price on shares of Joby Aviation in a research report on Wednesday, October 2nd. Canaccord Genuity Group lowered their price objective 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. Cantor Fitzgerald reiterated an “overweight” rating and set a $10.00 price objective on shares of Joby Aviation in a research note on Monday, September 30th. Finally, JPMorgan Chase & Co. decreased their target price 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.

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.