SG Americas Securities LLC Makes New $1.45 Million Investment in Joby Aviation, Inc. (NYSE:JOBY)

SG Americas Securities LLC bought a new position in shares of Joby Aviation, Inc. (NYSE:JOBYFree Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 218,573 shares of the company’s stock, valued at approximately $1,454,000.

A number of other hedge funds also recently bought and sold shares of the stock. Rheos Capital Works Inc. purchased a new stake in shares of Joby Aviation during the 3rd quarter valued at $6,224,000. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Joby Aviation by 596.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 160,200 shares of the company’s stock valued at $1,033,000 after purchasing an additional 137,200 shares during the last quarter. Tudor Investment Corp Et Al purchased a new stake in shares of Joby Aviation during the 3rd quarter valued at $3,534,000. Teza Capital Management LLC purchased a new stake in shares of Joby Aviation during the 3rd quarter valued at $76,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Joby Aviation during the 3rd quarter valued at $831,000. Hedge funds and other institutional investors own 45.54% of the company’s stock.

Joby Aviation Trading Down 1.1 %

Shares of JOBY opened at $5.36 on Friday. Joby Aviation, Inc. has a 12 month low of $3.72 and a 12 month high of $11.98. The stock has a fifty day moving average price of $5.60 and a 200-day moving average price of $5.99. The firm has a market cap of $3.77 billion, a PE ratio of -6.62 and a beta of 2.09.

Joby Aviation (NYSE:JOBYGet Free Report) last released its earnings results on Wednesday, February 21st. The company reported ($0.17) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.02. The firm had revenue of $1.03 million during the quarter, compared to analyst estimates of $1.50 million. During the same period in the previous year, the company earned ($0.14) earnings per share. As a group, research analysts forecast that Joby Aviation, Inc. will post -0.72 EPS for the current year.

Insider Activity at Joby Aviation

In related news, CEO Joeben Bevirt sold 20,816 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 585,577 shares of the company’s stock, valued at approximately $3,589,587.01. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Joby Aviation news, insider Didier Papadopoulos sold 7,858 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $6.13, for a total transaction of $48,169.54. Following the sale, the insider now directly owns 17,330 shares of the company’s stock, valued at approximately $106,232.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joeben Bevirt sold 20,816 shares of the 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 sale, the chief executive officer now directly owns 585,577 shares in the company, valued at $3,589,587.01. The disclosure for this sale can be found here. Insiders have sold a total of 297,906 shares of company stock valued at $1,576,314 in the last ninety days. Company insiders own 49.50% of the company’s stock.

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

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

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