Herold Advisors Inc. Acquires New Shares in Joby Aviation, Inc. (NYSE:JOBY)

Herold Advisors Inc. acquired a new stake in Joby Aviation, Inc. (NYSE:JOBY) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 14,620 shares of the company’s stock, valued at approximately $97,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in JOBY. Vanguard Group Inc. raised its holdings in shares of Joby Aviation by 20.6% in the third 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 in the last quarter. Baillie Gifford & Co. raised its holdings in Joby Aviation by 10.3% in the fourth quarter. Baillie Gifford & Co. now owns 56,320,441 shares of the company’s stock worth $374,531,000 after purchasing an additional 5,267,436 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Joby Aviation by 55.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,754,199 shares of the company’s stock worth $24,215,000 after purchasing an additional 1,341,811 shares in the last quarter. Rheos Capital Works Inc. raised its holdings in Joby Aviation by 113.0% in the fourth quarter. Rheos Capital Works Inc. now owns 2,055,000 shares of the company’s stock worth $13,666,000 after purchasing an additional 1,090,000 shares in the last quarter. Finally, Tudor Investment Corp Et Al bought a new position in Joby Aviation in the third quarter worth about $3,534,000. 45.54% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Joeben Bevirt sold 5,448 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $25,278.72. Following the transaction, the chief executive officer now owns 662,605 shares in the company, valued at $3,074,487.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Joeben Bevirt sold 5,448 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $4.64, for a total transaction of $25,278.72. Following the transaction, the chief executive officer now owns 662,605 shares in the company, valued at $3,074,487.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Matthew Field sold 12,500 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $5.50, for a total transaction of $68,750.00. Following the transaction, the insider now owns 232,506 shares in the company, valued at approximately $1,278,783. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 550,832 shares of company stock worth $2,822,382. 49.50% of the stock is owned by corporate insiders.

Joby Aviation Price Performance

Joby Aviation stock traded up $0.25 during trading hours on Friday, reaching $5.35. The stock had a trading volume of 6,235,902 shares, compared to its average volume of 4,906,770. The company has a market cap of $3.76 billion, a price-to-earnings ratio of -6.60 and a beta of 2.07. The business’s 50 day moving average price is $5.19 and its 200-day moving average price is $5.76. Joby Aviation, Inc. has a 52 week low of $3.83 and a 52 week 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, topping analysts’ consensus estimates of ($0.19) by $0.02. The firm had revenue of $1.03 million during the quarter, compared to the consensus estimate of $1.50 million. During the same quarter in the prior year, the firm posted ($0.14) earnings per share. On average, sell-side analysts forecast that Joby Aviation, Inc. will post -0.72 EPS for the current fiscal 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.