Joby Aviation, Inc. (NYSE:JOBY) Shares Purchased by ARK Investment Management LLC

ARK Investment Management LLC increased its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,404,900 shares of the company’s stock after purchasing an additional 227,331 shares during the quarter. ARK Investment Management LLC’s holdings in Joby Aviation were worth $22,643,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Rheos Capital Works Inc. boosted its holdings in Joby Aviation by 113.0% during the 4th quarter. Rheos Capital Works Inc. now owns 2,055,000 shares of the company’s stock valued at $13,666,000 after acquiring an additional 1,090,000 shares during the period. SG Americas Securities LLC purchased a new position in Joby Aviation during the 4th quarter valued at about $1,454,000. Monterey Private Wealth Inc. purchased a new position in Joby Aviation during the 4th quarter valued at about $67,000. Green Alpha Advisors LLC boosted its holdings in Joby Aviation by 95.1% during the 4th quarter. Green Alpha Advisors LLC now owns 86,294 shares of the company’s stock valued at $574,000 after acquiring an additional 42,058 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Joby Aviation by 20.6% during the 3rd quarter. Vanguard Group Inc. now owns 34,130,744 shares of the company’s stock valued at $220,143,000 after acquiring an additional 5,819,837 shares during the period. 45.54% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Joeben Bevirt sold 20,816 shares of Joby Aviation stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $6.13, for a total value of $127,602.08. Following the completion of the transaction, the chief executive officer now owns 585,577 shares in the company, valued at approximately $3,589,587.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Didier Papadopoulos sold 7,858 shares of Joby Aviation stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $6.13, for a total value of $48,169.54. Following the completion of the transaction, the insider now owns 17,330 shares in the company, valued at approximately $106,232.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Joeben Bevirt sold 20,816 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $6.13, for a total value of $127,602.08. Following the sale, the chief executive officer now owns 585,577 shares of the company’s stock, valued at approximately $3,589,587.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 297,906 shares of company stock worth $1,576,314. 49.50% of the stock is currently owned by company insiders.

Joby Aviation Stock Performance

Shares of Joby Aviation stock opened at $5.42 on Thursday. The business has a 50-day moving average of $5.61 and a 200 day moving average of $6.01. Joby Aviation, Inc. has a 12 month low of $3.72 and a 12 month high of $11.98.

Joby Aviation (NYSE:JOBY) last announced its earnings results on Wednesday, February 21st. The company reported ($0.17) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.02. The firm had revenue of $1.03 million for the quarter, compared to analysts’ expectations of $1.50 million. During the same quarter last year, the business earned ($0.14) earnings per share. Research analysts predict that Joby Aviation, Inc. will post -0.72 EPS for the current year.

About Joby Aviation

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.