USS Investment Management Ltd Invests $8.87 Million in Joby Aviation, Inc. $JOBY

USS Investment Management Ltd purchased a new position in Joby Aviation, Inc. (NYSE:JOBY) during the 1st quarter, Holdings Channel reports. The fund purchased 1,072,983 shares of the company’s stock, valued at approximately $8,868,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GoalVest Advisory LLC boosted its position in Joby Aviation by 2.1% in the 4th quarter. GoalVest Advisory LLC now owns 33,500 shares of the company’s stock valued at $442,000 after buying an additional 700 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of Joby Aviation by 2.2% during the 2nd quarter. EP Wealth Advisors LLC now owns 38,228 shares of the company’s stock worth $403,000 after purchasing an additional 821 shares during the last quarter. Signaturefd LLC boosted its holdings in shares of Joby Aviation by 8.4% in the 4th quarter. Signaturefd LLC now owns 11,218 shares of the company’s stock valued at $148,000 after buying an additional 872 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in Joby Aviation by 38.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,256 shares of the company’s stock worth $56,000 after purchasing an additional 1,188 shares during the last quarter. Finally, Scotia Capital Inc. increased its position in Joby Aviation by 8.1% during the 3rd quarter. Scotia Capital Inc. now owns 16,663 shares of the company’s stock valued at $269,000 after buying an additional 1,250 shares in the last quarter. Institutional investors own 52.85% of the company’s stock.

Key Joby Aviation News

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

• Positive Sentiment: Joby and Toyota launched the initial phase of a strategic manufacturing alliance, including a new joint venture designed to support scale-up and commercial production of Joby’s electric air taxis. Joby Aviation and Toyota Motor Corporation Launch Initial Phase of a Strategic Manufacturing Alliance to Realize Air Mobility for All
• Positive Sentiment: The Toyota deal is seen as a meaningful de-risking event because it adds manufacturing expertise, capital support, and a clearer path toward mass production. Does Toyota’s Manufacturing JV With Joby Aviation (JOBY) Quietly Redefine Its Path to Scale?
• Neutral Sentiment: One article notes that Joby has cleared another regulatory hurdle, which keeps the company closer to commercial service, but certification is still only one step in a longer process. Is Joby Aviation a Buy After Clearing Its Latest Regulatory Hurdle?
• Neutral Sentiment: Commentary around valuation suggests some investors still view JOBY as expensive despite the recent partnership-driven momentum. Joby Aviation (JOBY) Stock Still Looks Overvalued After Manufacturing Joint Venture
• Negative Sentiment: Analysts and market commentary emphasize that certification is still pending, so Joby’s path to revenue remains dependent on regulatory approval and successful execution of manufacturing scale-up. Toyota Deepens Joby Bet With $250 Million Manufacturing Push

Joby Aviation Price Performance

Shares of NYSE JOBY opened at $8.82 on Thursday. The firm has a 50-day simple moving average of $9.95 and a 200-day simple moving average of $10.85. The company has a quick ratio of 22.05, a current ratio of 22.06 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of -7.67 and a beta of 2.71. Joby Aviation, Inc. has a 52 week low of $7.75 and a 52 week high of $20.95.

Joby Aviation (NYSE:JOBY) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.12) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.09. Joby Aviation had a negative return on equity of 60.54% and a negative net margin of 1,232.62%.The business had revenue of $24.25 million during the quarter, compared to analyst estimates of $20.17 million. During the same period in the prior year, the business earned ($0.11) earnings per share. On average, equities analysts predict that Joby Aviation, Inc. will post -0.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JOBY. Wall Street Zen upgraded Joby Aviation from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Canaccord Genuity Group dropped their target price on Joby Aviation from $15.50 to $11.50 and set a “hold” rating on the stock in a report on Thursday, May 7th. Weiss Ratings downgraded Joby Aviation from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, May 4th. HC Wainwright reaffirmed a “buy” rating and set a $18.00 price objective on shares of Joby Aviation in a research note on Thursday, March 12th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $18.00 target price on shares of Joby Aviation in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $13.64.

Insiders Place Their Bets

In related news, Director Paul Cahill Sciarra sold 416,666 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $12.02, for a total value of $5,008,325.32. Following the transaction, the director directly owned 55,911,391 shares in the company, valued at approximately $672,054,919.82. This represents a 0.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Gregory Bowles sold 4,602 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $11.47, for a total value of $52,784.94. Following the completion of the transaction, the insider owned 182,319 shares of the company’s stock, valued at $2,091,198.93. The trade was a 2.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 1,531,503 shares of company stock worth $15,879,929. 28.50% of the stock is currently owned by company insiders.

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.