Zurcher Kantonalbank Zurich Cantonalbank Has $208,000 Stock Position in Joby Aviation, Inc. (NYSE:JOBY)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Joby Aviation, Inc. (NYSE:JOBY) by 22.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,353 shares of the company’s stock after selling 9,012 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Joby Aviation were worth $208,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Sittner & Nelson LLC raised its stake in Joby Aviation by 100.0% in the third quarter. Sittner & Nelson LLC now owns 4,000 shares of the company’s stock valued at $26,000 after buying an additional 2,000 shares during the period. Raymond James Financial Services Advisors Inc. raised its stake in Joby Aviation by 2.4% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 115,986 shares of the company’s stock valued at $748,000 after buying an additional 2,771 shares during the period. Prime Capital Investment Advisors LLC raised its stake in Joby Aviation by 18.1% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 20,317 shares of the company’s stock valued at $135,000 after buying an additional 3,120 shares during the period. Arizona State Retirement System raised its stake in Joby Aviation by 11.7% in the third quarter. Arizona State Retirement System now owns 49,292 shares of the company’s stock valued at $318,000 after buying an additional 5,153 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its stake in Joby Aviation by 3.9% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 150,393 shares of the company’s stock valued at $1,000,000 after buying an additional 5,704 shares during the period. Institutional investors and hedge funds own 45.54% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upgraded Joby Aviation from an “underweight” rating to a “neutral” rating and set a $5.00 price objective on the stock in a research note on Friday, May 3rd. One analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Joby Aviation currently has a consensus rating of “Moderate Buy” and an average price target of $7.67.

Joby Aviation Trading Down 2.7 %

Shares of NYSE JOBY opened at $5.38 on Wednesday. The firm has a market cap of $3.78 billion, a P/E ratio of -6.64 and a beta of 2.04. Joby Aviation, Inc. has a 1-year low of $4.25 and a 1-year high of $11.98. The business’s 50 day moving average is $5.12 and its 200-day moving average is $5.71.

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

Insider Buying and Selling at Joby Aviation

In related news, CEO Joeben Bevirt sold 5,757 shares of the firm’s 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 transaction, the chief executive officer now owns 604,437 shares in the company, valued at $3,644,755.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Joeben Bevirt sold 5,757 shares of the stock in a transaction that occurred on Wednesday, February 14th. The shares were sold at an average price of $6.03, for a total transaction of $34,714.71. Following the sale, the chief executive officer now owns 604,437 shares in the company, valued at approximately $3,644,755.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul Cahill Sciarra sold 202,080 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $5.07, for a total transaction of $1,024,545.60. Following the transaction, the director now owns 59,994,725 shares of the company’s stock, valued at $304,173,255.75. The disclosure for this sale can be found here. Insiders sold 553,419 shares of company stock valued at $2,836,610 in the last three months. Corporate insiders own 49.50% of the company’s stock.

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.