8VC GP I LLC Sells 4,798,333 Shares of Joby Aviation, Inc. $JOBY

8VC GP I LLC decreased its stake in Joby Aviation, Inc. (NYSE:JOBY) by 50.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,798,334 shares of the company’s stock after selling 4,798,333 shares during the quarter. Joby Aviation makes up about 99.5% of 8VC GP I LLC’s holdings, making the stock its biggest position. 8VC GP I LLC’s holdings in Joby Aviation were worth $77,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of JOBY. Toyota Motor Corp lifted its holdings in shares of Joby Aviation by 63.1% during the 2nd quarter. Toyota Motor Corp now owns 128,454,401 shares of the company’s stock valued at $1,355,194,000 after buying an additional 49,701,790 shares during the last quarter. Vanguard Group Inc. raised its position in Joby Aviation by 13.2% during the third quarter. Vanguard Group Inc. now owns 49,948,325 shares of the company’s stock valued at $806,166,000 after acquiring an additional 5,828,189 shares in the last quarter. Geode Capital Management LLC lifted its stake in Joby Aviation by 5.4% in the second quarter. Geode Capital Management LLC now owns 11,109,935 shares of the company’s stock valued at $117,230,000 after acquiring an additional 573,328 shares during the last quarter. State Street Corp grew its position in Joby Aviation by 3.0% in the second quarter. State Street Corp now owns 10,392,018 shares of the company’s stock worth $109,636,000 after acquiring an additional 305,109 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Joby Aviation by 49.5% during the 2nd quarter. Bank of America Corp DE now owns 2,968,697 shares of the company’s stock worth $31,320,000 after purchasing an additional 982,576 shares during the last quarter. 52.85% of the stock is currently owned by hedge funds and other institutional investors.

More Joby Aviation News

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

• Positive Sentiment: Major backing from ARK Invest: Cathie Wood’s fund made multi-million dollar purchases in air-taxi names including Joby, signaling conviction from a large, thematic investor as commercial rollouts approach. Cathie Wood Doubles Down on Air-Taxi Stocks with Multi-Million Dollar Purchases
• Positive Sentiment: Exclusive Dubai commercial launch with Uber: Joby has an exclusive agreement with Dubai’s RTA and plans the first all‑electric air taxi deployment bookable through the Uber app — a clear near-term revenue pathway and real-world operations proof point. Joby And Uber Test Commercial Electric Air Taxis In Exclusive Dubai Launch
• Positive Sentiment: Uber is integrating air taxis into its mobility platform: Uber’s launch of Uber Air in Dubai (and broader mobility moves) increases distribution and booking scale for Joby’s service, lowering go‑to‑market friction. Uber Expands Into Air Taxis And Autonomy To Broaden Mobility Platform
• Neutral Sentiment: Investor comparison vs. peers: Analytical pieces comparing Joby to Archer frame Joby’s strengths (operational lead, Uber tie-up) against valuation and execution risks; useful for relative allocation decisions but not a direct catalyst. Joby Aviation (JOBY) vs Archer Aviation (ACHR): Which eVTOL Stock Should You Buy in 2025?
• Negative Sentiment: Scaling & profitability doubts persist: Coverage notes Joby expects FAA certification soon but warns scaling operations and achieving profitability remain distant — a reminder investors may be pricing in long timelines and high cash burn. Uber and Joby Aviation Team Up: Game Changer or Hype?
• Negative Sentiment: Research/short-seller attention: JPMorgan included Joby on a short-ideas list earlier this year; recent scorecards are mixed but the inclusion keeps downside pressure and volatility a risk until clear, sustained revenue/profit signals arrive. JPMorgan’s Top Short Ideas, 5 Weeks Later: Were They Right?

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on JOBY shares. Needham & Company LLC decreased their price objective on shares of Joby Aviation to $18.00 and set a “buy” rating for the company in a report on Thursday, February 26th. Oppenheimer set a $18.00 price target on Joby Aviation in a research report on Thursday, February 26th. Canaccord Genuity Group reissued a “hold” rating and set a $15.50 price objective on shares of Joby Aviation in a report on Tuesday, February 3rd. HC Wainwright upgraded Joby Aviation from a “neutral” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, February 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Joby Aviation in a report on Thursday, January 22nd. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $13.81.

Insider Activity

In other news, insider Kate Dehoff sold 28,260 shares of the business’s stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $14.72, for a total value of $415,987.20. Following the transaction, the insider directly owned 149,369 shares of the company’s stock, valued at $2,198,711.68. The trade was a 15.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joeben Bevirt sold 507,182 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $10.62, for a total value of $5,386,272.84. Following the sale, the chief executive officer owned 31,997,802 shares in the company, valued at $339,816,657.24. The trade was a 1.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,470,074 shares of company stock valued at $16,083,913 in the last ninety days. 28.50% of the stock is currently owned by corporate insiders.

Joby Aviation Stock Down 2.9%

Joby Aviation stock opened at $9.60 on Friday. The business has a 50 day moving average price of $12.23 and a two-hundred day moving average price of $14.15. Joby Aviation, Inc. has a 12 month low of $4.96 and a 12 month high of $20.95. The stock has a market cap of $8.75 billion, a price-to-earnings ratio of -8.42 and a beta of 2.59.

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 business had revenue of $30.84 million during the quarter, compared to analyst estimates of $16.88 million. During the same quarter in the prior year, the company posted ($0.34) EPS. The company’s quarterly revenue was up 5506.5% compared to the same quarter last year. On average, analysts expect that Joby Aviation, Inc. will post -0.69 earnings per share for the current fiscal year.

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.