Baillie Gifford & Co. Has $265.34 Million Position in Joby Aviation, Inc. (NYSE:JOBY)

Baillie Gifford & Co. cut its stake in Joby Aviation, Inc. (NYSE:JOBY) by 0.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 52,751,004 shares of the company’s stock after selling 118,555 shares during the quarter. Baillie Gifford & Co. owned about 0.07% of Joby Aviation worth $265,338,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of JOBY. Nisa Investment Advisors LLC grew its position in shares of Joby Aviation by 216.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 8,540 shares of the company’s stock valued at $44,000 after acquiring an additional 5,840 shares during the period. Sound Income Strategies LLC increased its holdings in Joby Aviation by 3,311.3% during the 3rd quarter. Sound Income Strategies LLC now owns 10,302 shares of the company’s stock worth $52,000 after acquiring an additional 10,000 shares during the period. Integris Wealth Management LLC purchased a new stake in shares of Joby Aviation in the second quarter worth $54,000. Dakota Wealth Management bought a new stake in shares of Joby Aviation during the 2nd quarter valued at about $56,000. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd purchased a new position in Joby Aviation in the 2nd quarter worth approximately $57,000. 45.54% of the stock is currently owned by institutional investors.

Insider Activity

In other Joby Aviation news, CEO Joeben Bevirt sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $4.85, for a total value of $1,212,500.00. Following the completion of the sale, the chief executive officer now owns 32,674,274 shares of the company’s stock, valued at $158,470,228.90. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Didier Papadopoulos sold 6,025 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $5.33, for a total transaction of $32,113.25. Following the transaction, the insider now directly owns 47,474 shares of the company’s stock, valued at approximately $253,036.42. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Joeben Bevirt sold 250,000 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $4.85, for a total transaction of $1,212,500.00. Following the completion of the transaction, the chief executive officer now directly owns 32,674,274 shares of the company’s stock, valued at $158,470,228.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 525,499 shares of company stock valued at $2,667,151 in the last ninety days. Insiders own 32.40% of the company’s stock.

Joby Aviation Stock Performance

Shares of Joby Aviation stock opened at $6.27 on Tuesday. The stock’s fifty day moving average is $5.31 and its 200 day moving average is $5.31. The stock has a market cap of $4.49 billion, a P/E ratio of -8.27 and a beta of 1.97. Joby Aviation, Inc. has a one year low of $4.50 and a one year high of $7.69.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The company had revenue of $0.28 million for the quarter, compared to analysts’ expectations of $0.06 million. Joby Aviation had a negative net margin of 42,844.57% and a negative return on equity of 51.76%. During the same period last year, the business earned ($0.13) earnings per share. Analysts predict that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Joby Aviation from $6.00 to $5.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 29th. Canaccord Genuity Group cut their price objective on Joby Aviation from $10.50 to $9.75 and set a “buy” rating on the stock in a research report on Tuesday, October 29th. HC Wainwright restated a “buy” rating and issued a $9.00 price objective on shares of Joby Aviation in a report on Wednesday, October 2nd. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $10.00 price objective on shares of Joby Aviation in a report on Monday, September 30th.

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.