Joby Aviation, Inc. $JOBY Shares Acquired by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. increased its stake in Joby Aviation, Inc. (NYSE:JOBY) by 4.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,947,672 shares of the company’s stock after acquiring an additional 131,920 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Joby Aviation were worth $17,833,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. LJI Wealth Management LLC grew its stake in Joby Aviation by 24.5% during the 3rd quarter. LJI Wealth Management LLC now owns 94,000 shares of the company’s stock worth $569,000 after purchasing an additional 18,500 shares in the last quarter. Choreo LLC increased its holdings in Joby Aviation by 37.0% during the 3rd quarter. Choreo LLC now owns 14,555 shares of the company’s stock worth $88,000 after purchasing an additional 3,933 shares during the period. D.A. Davidson & CO. increased its holdings in Joby Aviation by 3.2% during the 3rd quarter. D.A. Davidson & CO. now owns 72,907 shares of the company’s stock worth $441,000 after purchasing an additional 2,275 shares during the period. Lynx Investment Advisory purchased a new stake in Joby Aviation during the 3rd quarter worth about $60,000. Finally, Flagship Harbor Advisors LLC raised its position in Joby Aviation by 9.0% in the 3rd quarter. Flagship Harbor Advisors LLC now owns 42,900 shares of the company’s stock valued at $260,000 after purchasing an additional 3,538 shares in 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: Joby reported third-quarter revenue of about $55 million, up roughly 144% year over year and well above analysts’ estimates. Its per-share loss was also narrower than expected, and the company raised its 2026 revenue outlook to $135 million–$140 million. Joby Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company said it has entered the FAA’s fifth and final type-certification stage, with “for-credit” testing underway, and is targeting type inspection authorization in the first half of 2027. Certification progress is an important step toward commercial operations. Joby advances final stages of FAA certification
• Positive Sentiment: Joby’s Blade passenger business had a record quarter, while manufacturing output grew 37%. The U.S. Air Force also expanded its commitment to nearly $37 million for autonomous-flight development, supporting a defense business alongside its air-taxi ambitions. Joby expands autonomous flight contracts
• Neutral Sentiment: Analyst actions were mixed: Canaccord raised its rating to Buy but lowered its price target to $7, while Needham kept a Buy rating and cut its target to $10. Canaccord analyst actions
• Negative Sentiment: Despite the revenue beat, Joby recorded a quarterly net loss of $212 million. Continued heavy cash use, plus the uncertainty and time required to complete certification and launch commercial service, remain key risks for investors. Q3 earnings-call highlights

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on JOBY shares. Needham & Company LLC decreased their price objective on Joby Aviation from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday. Wall Street Zen downgraded Joby Aviation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 8th. Canaccord Genuity Group upgraded shares of Joby Aviation from a “hold” rating to a “buy” rating and cut their target price for the stock from $11.50 to $7.00 in a research note on Thursday. Susquehanna set a $18.00 target price on shares of Joby Aviation in a research note on Thursday, August 6th. Finally, Morgan Stanley reduced their target price on shares of Joby Aviation from $13.00 to $10.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, Joby Aviation currently has a consensus rating of “Reduce” and an average target price of $11.33.

Insider Transactions at Joby Aviation

In other Joby Aviation news, insider Eric Allison sold 27,593 shares of the firm’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $5.09, for a total value of $140,448.37. Following the sale, the insider directly owned 745,120 shares in the company, valued at $3,792,660.80. This trade represents a 3.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Rodrigo Brumana sold 37,831 shares of Joby Aviation stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $6.77, for a total value of $256,115.87. Following the sale, the chief financial officer directly owned 119,729 shares of the company’s stock, valued at $810,565.33. This trade represents a 24.01% 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. Insiders have sold a total of 1,017,628 shares of company stock valued at $6,340,090 over the last ninety days. Company insiders own 20.35% of the company’s stock.

Joby Aviation Price Performance

Shares of JOBY opened at $5.30 on Friday. The firm has a market capitalization of $5.25 billion, a price-to-earnings ratio of -7.27 and a beta of 2.84. The firm’s fifty day simple moving average is $5.75 and its 200-day simple moving average is $8.48. Joby Aviation, Inc. has a twelve month low of $4.43 and a twelve month high of $17.10. The company has a current ratio of 17.98, a quick ratio of 17.98 and a debt-to-equity ratio of 0.40.

Joby Aviation (NYSE:JOBY) last issued its earnings results on Wednesday, November 4th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. The firm had revenue of $55.09 million during the quarter, compared to the consensus estimate of $38.95 million. Joby Aviation had a negative net margin of 462.85% and a negative return on equity of 48.49%. The company’s revenue was up 143.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.48) earnings per share. Equities analysts forecast that Joby Aviation, Inc. will post -1.00 EPS for the current fiscal year.

About Joby Aviation

Joby Aviation, Inc is an aerospace company developing all-electric vertical takeoff and landing (eVTOL) aircraft for commercial passenger transportation. Its aircraft are designed to take off and land vertically like a helicopter while operating with the range and speed of a conventional aircraft, supporting quiet, low-emission air taxi services and other urban and regional transportation applications.

Founded in 2009 by JoeBen Bevirt, Joby is pursuing the certification, production and commercial deployment of its piloted aircraft.