Creative Planning Buys 13,492 Shares of Joby Aviation, Inc. $JOBY

Creative Planning boosted its stake in shares of Joby Aviation, Inc. (NYSE:JOBY) by 6.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 217,079 shares of the company’s stock after purchasing an additional 13,492 shares during the period. Creative Planning’s holdings in Joby Aviation were worth $2,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. GPS Wealth Strategies Group LLC grew its position in Joby Aviation by 32.0% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 3,097 shares of the company’s stock worth $33,000 after purchasing an additional 750 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Joby Aviation in the second quarter worth $39,000. Solstein Capital LLC purchased a new stake in Joby Aviation during the second quarter valued at $47,000. AlphaQuest LLC increased its position in Joby Aviation by 225.8% during the second quarter. AlphaQuest LLC now owns 5,444 shares of the company’s stock valued at $57,000 after acquiring an additional 3,773 shares during the last quarter. Finally, Strs Ohio bought a new position in Joby Aviation in the first quarter valued at about $37,000. Hedge funds and other institutional investors own 52.85% of the company’s stock.

Wall Street Analyst Weigh In

JOBY has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on Joby Aviation from $7.00 to $8.00 and gave the company an “underweight” rating in a research note on Friday, October 31st. Canaccord Genuity Group lowered shares of Joby Aviation from a “buy” rating to a “hold” rating and boosted their target price for the company from $12.00 to $17.00 in a research report on Thursday, August 7th. 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 report on Thursday, October 9th. Zacks Research upgraded shares of Joby Aviation from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, Wall Street Zen downgraded shares of Joby Aviation from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Joby Aviation has a consensus rating of “Reduce” and an average price target of $14.00.

Insider Buying and Selling at Joby Aviation

In other news, insider Didier Papadopoulos sold 15,439 shares of the firm’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $16.78, for a total transaction of $259,066.42. Following the completion of the transaction, the insider owned 103,206 shares in the company, valued at $1,731,796.68. This trade represents a 13.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Kate Dehoff sold 52,907 shares of Joby Aviation stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $15.76, for a total value of $833,814.32. Following the completion of the sale, the insider directly owned 149,369 shares in the company, valued at $2,354,055.44. This trade represents a 26.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 1,146,267 shares of company stock worth $17,729,562. Insiders own 32.40% of the company’s stock.

Joby Aviation Price Performance

Joby Aviation stock opened at $13.91 on Tuesday. The firm’s 50 day moving average price is $15.93 and its 200-day moving average price is $13.52. Joby Aviation, Inc. has a 1 year low of $4.96 and a 1 year high of $20.95. The stock has a market cap of $12.68 billion, a P/E ratio of -10.38 and a beta of 2.52.

Joby Aviation (NYSE:JOBY) last posted its earnings results on Thursday, November 6th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.19) by ($0.29). The company had revenue of $22.57 million for the quarter, compared to the consensus estimate of $0.02 million. The business’s quarterly revenue was up 7962.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) earnings per share. As a group, equities analysts expect that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Joby Aviation 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.