Norges Bank Takes $32.27 Million Position in Joby Aviation, Inc. $JOBY

Posted by Brenda Bartman on Jun 9th, 2026

Norges Bank acquired a new stake in shares of Joby Aviation, Inc. (NYSE:JOBY – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 2,444,645 shares of the company’s stock, valued at approximately $32,269,000.

Other institutional investors have also modified their holdings of the company. Strategic Advocates LLC bought a new position in shares of Joby Aviation during the 3rd quarter valued at about $29,000. Fifth Third Bancorp lifted its holdings in shares of Joby Aviation by 207.4% during the 4th quarter. Fifth Third Bancorp now owns 1,998 shares of the company’s stock valued at $26,000 after purchasing an additional 1,348 shares in the last quarter. Ancora Advisors LLC bought a new position in shares of Joby Aviation during the 3rd quarter valued at about $35,000. Pandora Wealth Inc. bought a new position in shares of Joby Aviation during the 4th quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC lifted 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 purchasing an additional 1,880 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

Insider Activity at Joby Aviation

In other news, insider Eric Allison sold 74,844 shares of the company’s stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $10.00, for a total transaction of $748,440.00. Following the sale, the insider owned 676,008 shares in the company, valued at $6,760,080. This represents a 9.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Joeben Bevirt sold 421,019 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $10.38, for a total value of $4,370,177.22. Following the sale, the chief executive officer owned 31,678,802 shares in the company, valued at approximately $328,825,964.76. This represents a 1.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 1,570,518 shares of company stock worth $16,203,738. Insiders own 32.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on JOBY shares. Morgan Stanley cut their price objective on Joby Aviation from $15.00 to $13.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 6th. Needham & Company LLC restated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a research note on Wednesday, May 6th. Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Weiss Ratings cut Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Finally, HC Wainwright restated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a research note on Thursday, March 12th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $13.06.

View Our Latest Stock Report on Joby Aviation

Joby Aviation Trading Up 1.5%

NYSE JOBY opened at $9.69 on Tuesday. The stock has a market capitalization of $9.53 billion, a price-to-earnings ratio of -8.43 and a beta of 2.66. The stock’s 50 day moving average price is $9.72 and its two-hundred day moving average price is $11.46. The company has a debt-to-equity ratio of 0.36, a quick ratio of 22.05 and a current ratio of 22.06. Joby Aviation, Inc. has a 52 week low of $7.75 and a 52 week high of $20.95.

Joby Aviation (NYSE:JOBY – Get Free Report) last released its earnings results on Tuesday, May 5th. The company reported ($0.12) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.09. Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.The firm had revenue of $24.25 million for the quarter, compared to analysts’ expectations of $20.17 million. During the same quarter in the previous year, the business posted ($0.11) EPS. As a group, analysts anticipate that Joby Aviation, Inc. will post -0.83 earnings per share for the current fiscal year.

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.