Voya Investment Management LLC Has $18.56 Million Stock Holdings in Joby Aviation, Inc. $JOBY

Voya Investment Management LLC grew its position in shares of Joby Aviation, Inc. (NYSE:JOBYFree Report) by 20.0% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,150,050 shares of the company’s stock after acquiring an additional 192,064 shares during the quarter. Voya Investment Management LLC’s holdings in Joby Aviation were worth $18,562,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of Joby Aviation by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock worth $27,000 after purchasing an additional 1,880 shares in the last quarter. Hilltop National Bank acquired a new stake in Joby Aviation in the 3rd quarter valued at $32,000. GPS Wealth Strategies Group LLC boosted its stake in shares of Joby Aviation by 32.0% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock worth $33,000 after buying an additional 750 shares during the last quarter. Strs Ohio acquired a new position in shares of Joby Aviation during the 1st quarter worth about $37,000. Finally, Ameritas Advisory Services LLC bought a new position in shares of Joby Aviation in the 2nd quarter valued at about $39,000. 52.85% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts recently issued reports on the company. HC Wainwright reiterated a “neutral” rating on shares of Joby Aviation in a report on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Wednesday, October 8th. The Goldman Sachs Group started coverage on shares of Joby Aviation in a research note on Monday, December 1st. They issued a “sell” rating and a $10.00 target price for the company. Morgan Stanley upped their price target on shares of Joby Aviation from $7.00 to $15.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research report on Friday, October 31st. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $13.43.

View Our Latest Stock Report on JOBY

Joby Aviation Stock Up 2.5%

Shares of NYSE:JOBY opened at $14.19 on Monday. Joby Aviation, Inc. has a 12-month low of $4.96 and a 12-month high of $20.95. The business has a 50 day moving average of $15.16 and a 200-day moving average of $14.48. The stock has a market cap of $12.94 billion, a PE ratio of -10.59 and a beta of 2.53.

Joby Aviation (NYSE:JOBYGet Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The company had revenue of $22.57 million for the quarter, compared to analyst estimates of $0.02 million. During the same quarter last year, the company posted ($0.21) earnings per share. The business’s revenue for the quarter was up 7962.1% compared to the same quarter last year. Equities research analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current year.

Insider Activity

In other Joby Aviation news, insider Gregory Bowles sold 3,931 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $13.72, for a total value of $53,933.32. Following the sale, the insider owned 159,085 shares of the company’s stock, valued at approximately $2,182,646.20. This trade represents a 2.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eric Allison sold 27,537 shares of the firm’s stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $16.84, for a total value of $463,723.08. Following the completion of the sale, the insider directly owned 692,428 shares in the company, valued at $11,660,487.52. This trade represents a 3.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 588,994 shares of company stock worth $9,660,128. Insiders own 32.40% of the company’s stock.

About Joby Aviation

(Free Report)

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.

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Institutional Ownership by Quarter for Joby Aviation (NYSE:JOBY)

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