Automotive

Rivian Automotive, Inc. (NASDAQ:RIVN) Inventory Holdings Decreased by Mitsubishi UFJ Belief & Banking Corp

Mitsubishi UFJ Belief & Banking Corp lowered its stake in Rivian Automotive, Inc. (NASDAQ:RIVNGet Ranking) by 2.0% within the 1st quarter, based on its most up-to-date submitting with the SEC. The fund owned 82,404 shares of the electrical automobile automaker’s inventory after promoting 1,718 shares through the interval. Mitsubishi UFJ Belief & Banking Corp’s holdings in Rivian Automotive have been value $4,140,000 as of its most up-to-date SEC submitting.

A number of different hedge funds and different institutional buyers additionally just lately modified their holdings of the inventory. World Wealth Administration Funding Advisory Inc. purchased a brand new stake in shares of Rivian Automotive within the 4th quarter value about $25,000. Lumature Wealth Companions LLC purchased a brand new stake in shares of Rivian Automotive within the 4th quarter value about $26,000. Retirement Group LLC purchased a brand new stake in shares of Rivian Automotive within the 4th quarter value about $26,000. Xponance Inc. elevated its place in shares of Rivian Automotive by 5.7% within the 1st quarter. Xponance Inc. now owns 5,553 shares of the electrical automobile automaker’s inventory value $279,000 after buying an extra 301 shares over the past quarter. Lastly, KBC Group NV elevated its place in shares of Rivian Automotive by 3.5% within the 1st quarter. KBC Group NV now owns 10,762 shares of the electrical automobile automaker’s inventory value $541,000 after buying an extra 360 shares over the past quarter. Institutional buyers personal 62.09% of the corporate’s inventory.

Analyst Rankings Modifications

A number of equities analysis analysts have just lately weighed in on RIVN shares. The Goldman Sachs Group boosted their goal value on shares of Rivian Automotive to $41.00 in a analysis report on Monday, August fifteenth. Canaccord Genuity Group initiated protection on shares of Rivian Automotive in a report on Wednesday, July thirteenth. They issued a “purchase” ranking for the corporate. DA Davidson lifted their value goal on shares of Rivian Automotive from $24.00 to $27.00 and gave the corporate an “underperform” ranking in a report on Friday, August twelfth. Mizuho decreased their value goal on shares of Rivian Automotive from $70.00 to $65.00 and set a “purchase” ranking for the corporate in a report on Friday, August twelfth. Lastly, Royal Financial institution of Canada decreased their value goal on shares of Rivian Automotive from $100.00 to $77.00 in a report on Thursday, Might twelfth. One equities analysis analyst has rated the inventory with a promote ranking, six have assigned a maintain ranking and fourteen have given a purchase ranking to the corporate’s inventory. Based mostly on knowledge from MarketBeat.com, the corporate at the moment has a median ranking of “Average Purchase” and a median goal value of 65.89.

Insider Exercise

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In associated information, CAO Jeff Baker offered 1,753 shares of Rivian Automotive inventory in a transaction dated Monday, August fifteenth. The inventory was offered at a median value of 37.27, for a complete transaction of 65,334.31. Following the transaction, the chief accounting officer now instantly owns 79,666 shares of the corporate’s inventory, valued at 2,969,151.82. The transaction was disclosed in a submitting with the SEC, which is offered via this hyperlink. Insiders personal 2.34% of the corporate’s inventory.

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Rivian Automotive Inventory Efficiency

Shares of NASDAQ RIVN opened at 32.07 on Friday. Rivian Automotive, Inc. has a 1 12 months low of 19.25 and a 1 12 months excessive of 179.47. The agency has a market cap of $29.38 billion and a P/E ratio of -1.55. The inventory has a fifty day shifting common value of 32.57 and a two-hundred day shifting common value of 36.85. The corporate has a debt-to-equity ratio of 0.07, a fast ratio of 8.60 and a present ratio of 8.97.

Rivian Automotive Profile

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Rivian Automotive, Inc designs, develops, manufactures, and sells electrical automobiles and equipment. The corporate provides five-passenger pickup vans and sports activities utility automobiles. It supplies Rivian Business Automobile platform for electrical Supply Van with collaboration with Amazon.com. The corporate sells its merchandise on to clients within the client and industrial markets.

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Institutional Ownership by Quarter for Rivian Automotive (NASDAQ:RIVN)

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