Avantax Advisory Companies Inc. boosted its holdings in shares of Rivian Automotive, Inc. (NASDAQ:RIVN – Get Score) by 86.3% within the first quarter, in accordance with the corporate in its most up-to-date 13F submitting with the Securities & Change Fee. The agency owned 10,188 shares of the electrical automobile automaker’s inventory after buying a further 4,719 shares through the quarter. Avantax Advisory Companies Inc.’s holdings in Rivian Automotive have been price $513,000 as of its most up-to-date SEC submitting.
A number of different hedge funds have additionally made modifications to their positions within the firm. Amazon com Inc bought a brand new stake in shares of Rivian Automotive within the 4th quarter price $16,420,746,000. Coatue Administration LLC bought a brand new stake in shares of Rivian Automotive within the 4th quarter price $3,652,616,000. BlackRock Inc. bought a brand new stake in shares of Rivian Automotive within the 4th quarter price $3,195,595,000. Capital Analysis World Buyers bought a brand new stake in shares of Rivian Automotive within the 4th quarter price $2,562,520,000. Lastly, Soros Fund Administration LLC bought a brand new stake in shares of Rivian Automotive within the 4th quarter price $2,056,770,000. 78.67% of the inventory is at present owned by hedge funds and different institutional buyers.
Insider Exercise
In different information, CAO Jeff Baker bought 6,034 shares of the inventory in a transaction dated Monday, Could sixteenth. The inventory was bought at a mean value of 25.56, for a complete worth of 154,229.04. Following the transaction, the chief accounting officer now immediately owns 80,778 shares of the corporate’s inventory, valued at 2,064,685.68. The sale was disclosed in a submitting with the Securities & Change Fee, which might be accessed by means of the SEC web site. In different information, main shareholder Motor Co Ford bought 8,000,000 shares of the corporate’s inventory in a transaction dated Monday, Could ninth. The inventory was bought at a mean value of 26.80, for a complete worth of 214,400,000.00. Following the sale, the insider now owns 93,947,494 shares within the firm, valued at 2,517,792,839.20. The sale was disclosed in a doc filed with the Securities & Change Fee, which might be accessed by means of this hyperlink. Additionally, CAO Jeff Baker bought 6,034 shares of the corporate’s inventory in a transaction dated Monday, Could sixteenth. The inventory was bought at a mean value of 25.56, for a complete worth of 154,229.04. Following the completion of the sale, the chief accounting officer now owns 80,778 shares within the firm, valued at roughly 2,064,685.68. The disclosure for this sale might be discovered right here. Over the past three months, insiders have bought 15,006,926 shares of firm inventory valued at $402,737,029. Firm insiders personal 2.34% of the corporate’s inventory.
Rivian Automotive Value Efficiency
Shares of RIVN inventory opened at 31.60 on Monday. The inventory’s 50-day easy transferring common is 28.17 and its 200-day easy transferring common is 46.04. The corporate has a debt-to-equity ratio of 0.07, a present ratio of 11.19 and a fast ratio of 10.86. Rivian Automotive, Inc. has a fifty-two week low of 19.25 and a fifty-two week excessive of 179.47.
Rivian Automotive (NASDAQ:RIVN – Get Score) final introduced its quarterly earnings information on Wednesday, Could eleventh. The electrical automobile automaker reported -1.43 earnings per share for the quarter, beating analysts’ consensus estimates of -1.50 by 0.07. The agency had income of 95.00 million through the quarter, in comparison with analyst estimates of 113.64 million. On common, analysts forecast that Rivian Automotive, Inc. will publish -6.39 EPS for the present yr.
Wall Avenue Analyst Weigh In
A number of equities analysis analysts have weighed in on RIVN shares. Canaccord Genuity Group began protection on Rivian Automotive in a report on Wednesday, July thirteenth. They issued a “purchase” score for the corporate. Barclays lowered their value goal on Rivian Automotive from $38.00 to $24.00 in a analysis report on Friday, Could thirteenth. Piper Sandler lowered their value goal on Rivian Automotive from $112.00 to $108.00 in a analysis report on Thursday, Could twelfth. Morgan Stanley lowered their value goal on Rivian Automotive from $85.00 to $60.00 and set an “obese” score for the corporate in a analysis report on Tuesday, Could seventeenth. Lastly, Deutsche Financial institution Aktiengesellschaft lowered their value goal on Rivian Automotive from $90.00 to $69.00 in a analysis report on Friday, Could thirteenth. One equities analysis analyst has rated the inventory with a promote score, six have assigned a maintain score and fourteen have issued a purchase score to the corporate. In keeping with information from MarketBeat, the inventory presently has a consensus score of “Reasonable Purchase” and a mean goal value of 70.22.
Rivian Automotive Firm Profile
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Rivian Automotive, Inc designs, develops, manufactures, and sells electrical autos and equipment. The corporate provides five-passenger pickup vans and sports activities utility autos. It supplies Rivian Business Car platform for electrical Supply Van with collaboration with Amazon.com. The corporate sells its merchandise on to prospects within the client and industrial markets.
See Additionally
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