Cooper Capital Advisors LLC Takes $190,000 Position in Joby Aviation, Inc. $JOBY

by · The Cerbat Gem

Cooper Capital Advisors LLC bought a new stake in shares of Joby Aviation, Inc. (NYSE:JOBY – Free Report) in the 2nd quarter, Holdings Channel.com reports. The firm bought 18,002 shares of the company’s stock, valued at approximately $190,000.

Other large investors have also bought and sold shares of the company. Toyota Motor Corp lifted its position in Joby Aviation by 63.1% in the second quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock valued at $1,355,194,000 after purchasing an additional 49,701,790 shares during the last quarter. Nuveen LLC purchased a new position in shares of Joby Aviation in the first quarter worth $18,936,000. Rheos Capital Works Inc. raised its holdings in Joby Aviation by 58.2% during the 2nd quarter. Rheos Capital Works Inc. now owns 7,205,000 shares of the company’s stock valued at $76,013,000 after buying an additional 2,650,000 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Joby Aviation during the 2nd quarter valued at $15,392,000. Finally, Geode Capital Management LLC boosted its position in Joby Aviation by 5.4% during the 2nd quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company’s stock valued at $117,230,000 after buying an additional 573,328 shares during the period. 52.85% of the stock is owned by hedge funds and other institutional investors.

Joby Aviation Stock Down 2.7%

JOBY opened at $14.40 on Friday. Joby Aviation, Inc. has a 52 week low of $4.96 and a 52 week high of $20.95. The stock has a market cap of $13.13 billion, a PE ratio of -10.74 and a beta of 2.52. The business has a 50 day moving average of $15.93 and a 200-day moving average of $13.12.

Joby Aviation (NYSE:JOBY – Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.29). The business had revenue of $22.57 million during the quarter, compared to analyst estimates of $0.02 million. The company’s quarterly revenue was up 7962.1% compared to the same quarter last year. During the same period last year, the business posted ($0.21) EPS. Equities analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insiders Place Their Bets

In other Joby Aviation news, CEO Joeben Bevirt sold 32,284 shares of the firm’s stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $16.78, for a total transaction of $541,725.52. Following the completion of the transaction, the chief executive officer owned 249,587 shares of the company’s stock, valued at approximately $4,188,069.86. This trade represents a 11.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric Allison sold 27,537 shares of Joby Aviation stock in a transaction that occurred on Monday, October 13th. The shares were sold at an average price of $16.84, for a total transaction of $463,723.08. Following the transaction, the insider owned 692,428 shares of the company’s stock, valued at $11,660,487.52. The trade was a 3.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,657,424 shares of company stock valued at $25,068,869. Insiders own 28.50% of the company’s stock.

Analysts Set New Price Targets

JOBY has been the topic of a number of analyst reports. HC Wainwright cut shares of Joby Aviation from a “buy” rating to a “neutral” rating in a research report on Thursday, August 7th. Zacks Research upgraded Joby Aviation from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 4th. Morgan Stanley upped their price target on Joby Aviation from $7.00 to $15.00 and gave the company an “equal weight” rating in a research report on Thursday, October 9th. Wall Street Zen lowered Joby Aviation from a “hold” rating to a “sell” rating in a research report on Saturday, August 2nd. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $14.00.

Get Our Latest Report on JOBY

Joby Aviation Company Profile

(Free Report)

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.

Further Reading

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