On July 5, 2023 at 10:30:03 ET an unusually large $405.06K block of Call contracts in Joby Aviation (JOBY) was sold, with a strike price of $4.00 / share, expiring in 16 day(s) (on July 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.97 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in JOBY options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 311 funds or institutions reporting positions in Joby Aviation. This is a decrease of 4 owner(s) or 1.27% in the last quarter. Average portfolio weight of all funds dedicated to JOBY is 0.41%, a decrease of 11.57%. Total shares owned by institutions increased in the last three months by 2.18% to 202,270K shares. The put/call ratio of JOBY is 0.67, indicating a bullish outlook.
Analyst Price Forecast Suggests 31.45% Downside
As of June 2, 2023, the average one-year price target for Joby Aviation is 7.01. The forecasts range from a low of 4.04 to a high of $10.50. The average price target represents a decrease of 31.45% from its latest reported closing price of 10.23.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Joby Aviation is 0MM. The projected annual non-GAAP EPS is -0.62.
What are Other Shareholders Doing?
Capricorn Investment Group holds 40,956K shares representing 6.49% ownership of the company. No change in the last quarter.
Intel holds 40,441K shares representing 6.41% ownership of the company. In it’s prior filing, the firm reported owning 43,541K shares, representing a decrease of 7.67%. The firm decreased its portfolio allocation in JOBY by 28.81% over the last quarter.
Delta Air Lines holds 11,044K shares representing 1.75% ownership of the company. No change in the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 8,968K shares representing 1.42% ownership of the company. In it’s prior filing, the firm reported owning 7,648K shares, representing an increase of 14.71%. The firm increased its portfolio allocation in JOBY by 40.26% over the last quarter.
Baillie Gifford holds 7,686K shares representing 1.22% ownership of the company. No change in the last quarter.
Joby Aviation Background Information
(This description is provided by the company.)
Joby Aviation is a California-headquartered transportation company developing an all-electric vertical takeoff and landing aircraft which it intends to operate as part of a fast, quiet, and convenient air taxi service beginning in 2024. The aircraft, which can travel up to 150 miles on a single charge, can transport a pilot and four passengers at speeds of up to 200 mph. It is designed to help reduce urban congestion and accelerate the shift to sustainable modes of transit. Founded in 2009, Joby employs more than 800 people, with offices in Santa Cruz, San Carlos, and Marina, California, as well as Washington D.C. and Munich, Germany.
Key filings for this company:
This story originally appeared on Fintel.
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