Joby Aviation, Inc. (NYSE:JOBY) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its holdings in shares of Joby Aviation, Inc. (NYSE:JOBY) by 27.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,800 shares of the company’s stock after selling 22,800 shares during the quarter. Handelsbanken Fonder AB’s holdings in Joby Aviation were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of JOBY. Sittner & Nelson LLC increased its holdings in shares of Joby Aviation by 100.0% in the 3rd quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock valued at $26,000 after acquiring an additional 2,000 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Joby Aviation during the 3rd quarter valued at approximately $47,000. Monterey Private Wealth Inc. acquired a new stake in shares of Joby Aviation during the 4th quarter valued at approximately $67,000. International Assets Investment Management LLC acquired a new stake in shares of Joby Aviation during the 4th quarter valued at approximately $73,000. Finally, Teza Capital Management LLC acquired a new stake in shares of Joby Aviation during the 3rd quarter valued at approximately $76,000. Institutional investors and hedge funds own 45.54% of the company’s stock.

Insiders Place Their Bets

In other Joby Aviation news, CEO Joeben Bevirt sold 5,757 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $6.03, for a total value of $34,714.71. Following the sale, the chief executive officer now directly owns 604,437 shares of the company’s stock, valued at $3,644,755.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Joby Aviation news, Director Paul Cahill Sciarra sold 202,080 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $5.07, for a total value of $1,024,545.60. Following the sale, the director now directly owns 59,994,725 shares of the company’s stock, valued at $304,173,255.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Joeben Bevirt sold 5,757 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $6.03, for a total value of $34,714.71. Following the completion of the sale, the chief executive officer now directly owns 604,437 shares in the company, valued at $3,644,755.11. The disclosure for this sale can be found here. Insiders have sold 550,832 shares of company stock valued at $2,822,382 over the last three months. Company insiders own 49.50% of the company’s stock.

Joby Aviation Trading Up 3.2 %

JOBY stock opened at $5.21 on Thursday. The firm has a market cap of $3.66 billion, a P/E ratio of -6.43 and a beta of 2.07. Joby Aviation, Inc. has a 12-month low of $3.99 and a 12-month high of $11.98. The stock’s 50 day simple moving average is $5.13 and its 200 day simple moving average is $5.73.

Joby Aviation (NYSE:JOBY) last posted its quarterly 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 for the quarter, compared to analyst estimates of $1.50 million. During the same period in the prior year, the company posted ($0.14) earnings per share. On average, research analysts forecast that Joby Aviation, Inc. will post -0.72 EPS for the current fiscal year.

Joby Aviation Company 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.