Amova Asset Management Americas Inc. Reduces Stock Position in Joby Aviation, Inc. $JOBY

Amova Asset Management Americas Inc. reduced its stake in Joby Aviation, Inc. (NYSE:JOBY) by 28.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,791,389 shares of the company’s stock after selling 718,700 shares during the period. Amova Asset Management Americas Inc.’s holdings in Joby Aviation were worth $28,949,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Asset Planning Inc lifted its holdings in Joby Aviation by 70.0% during the 3rd quarter. Asset Planning Inc now owns 1,700 shares of the company’s stock worth $27,000 after purchasing an additional 700 shares in the last quarter. Canton Hathaway LLC bought a new stake in shares of Joby Aviation during the third quarter valued at about $29,000. Hilltop National Bank purchased a new stake in shares of Joby Aviation in the third quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its position in shares of Joby Aviation by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 2,540 shares of the company’s stock valued at $27,000 after acquiring an additional 1,880 shares during the period. Finally, Mather Group LLC. purchased a new position in Joby Aviation during the third quarter valued at approximately $41,000. 52.85% of the stock is currently owned by institutional investors.

Trending Headlines about Joby Aviation

Here are the key news stories impacting Joby Aviation this week:

• Positive Sentiment: Uber deal advances commercialization: Uber will integrate Joby flights into its app and support Dubai operations, speeding customer access and revenue opportunities as Joby readies commercial service. Uber platform to support Joby Dubai air taxi operations
• Positive Sentiment: Street support for the Uber-Air strategy: Morgan Stanley’s favorable take on Uber’s integration raised investor confidence that Joby can monetize rides via an established booking platform, a near-term demand catalyst. Joby Stock Gains After Morgan Stanley Backs Uber Air Strategy
• Positive Sentiment: FAA certification timeline improving commercial outlook: Reports note Joby expects FAA certification this year, which would be a critical regulatory milestone enabling revenue ramp from air taxi operations. Uber and Joby Aviation Team Up: Game Changer or Hype?
• Neutral Sentiment: Broad coverage reiterates the same catalyst path: Analyst and trade outlets (Zacks, The Motley Fool) highlight the Uber integration, Dubai debut and certification progress — useful confirmation but largely already priced in. Uber Enters Into a New Deal With Joby on Electric Air Taxis
• Negative Sentiment: Short-seller attention and risk callouts: JPMorgan listed Joby among top short ideas, spotlighting execution and valuation risks that can pressure the stock if progress slips. JPMorgan’s Top Short Ideas, 5 Weeks Later: Were They Right?
• Negative Sentiment: Scaling and profitability remain distant: Coverage notes that even with certification, large-scale operations, fleet economics and route density pose major hurdles — profitability is not imminent, which keeps longer-term valuation under scrutiny. Uber and Joby Aviation Team Up: Game Changer or Hype?

Wall Street Analysts Forecast Growth

Several analysts have issued reports on JOBY shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a research note on Thursday, January 22nd. JPMorgan Chase & Co. dropped their price objective on Joby Aviation from $8.00 to $7.00 and set an “underweight” rating for the company in a research note on Thursday, February 26th. HC Wainwright upgraded Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, February 26th. Needham & Company LLC cut their price objective on Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Finally, Oppenheimer set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, February 26th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Joby Aviation presently has an average rating of “Reduce” and a consensus price target of $13.81.

Joby Aviation Stock Up 1.4%

Shares of NYSE:JOBY opened at $9.90 on Thursday. The stock has a market cap of $9.03 billion, a PE ratio of -8.68 and a beta of 2.59. The company’s fifty day moving average is $12.33 and its 200 day moving average is $14.18. Joby Aviation, Inc. has a 52 week low of $4.96 and a 52 week high of $20.95.

Joby Aviation (NYSE:JOBY) last announced its quarterly earnings data on Wednesday, February 25th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $30.84 million for the quarter, compared to the consensus estimate of $16.88 million. During the same period last year, the business posted ($0.34) earnings per share. The firm’s quarterly revenue was up 5506.5% compared to the same quarter last year. Sell-side analysts anticipate that Joby Aviation, Inc. will post -0.69 EPS for the current year.

Insider Buying and Selling

In other Joby Aviation news, insider Bonny W. Simi sold 110,173 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $13.85, for a total value of $1,525,896.05. Following the completion of the sale, the insider owned 125,114 shares in the company, valued at approximately $1,732,828.90. The trade was a 46.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Eric Allison sold 32,448 shares of the firm’s stock in a transaction that occurred on Tuesday, December 30th. The stock was sold at an average price of $13.25, for a total transaction of $429,936.00. Following the completion of the transaction, the insider owned 659,980 shares in the company, valued at $8,744,735. This represents a 4.69% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,470,074 shares of company stock valued at $16,083,913 over the last quarter. Company insiders own 28.50% of the company’s stock.

Joby Aviation Company Profile

Joby Aviation Inc is an aerospace company focused on developing electric vertical takeoff and landing (eVTOL) aircraft for urban air mobility. The company’s core mission is to provide zero-emission aerial ridesharing services, combining the speed of helicopters with the cost efficiency and environmental benefits of electric propulsion. Joby’s eVTOL design emphasizes low noise profiles and high reliability, positioning the company to address congestion challenges in major metropolitan areas.

The company’s flagship aircraft is designed to carry a pilot and up to four passengers, offering point-to-point travel at speeds competitive with ground transportation.