Prime Capital Funding Advisors LLC reduce its holdings in shares of Rivian Automotive, Inc. (NASDAQ:RIVN – Free Report) by 15.5% in the course of the third quarter, HoldingsChannel studies. The institutional investor owned 26,546 shares of the electrical car automaker’s inventory after promoting 4,866 shares in the course of the quarter. Prime Capital Funding Advisors LLC’s holdings in Rivian Automotive have been price $298,000 as of its most up-to-date submitting with the Securities and Alternate Fee (SEC).
A number of different massive buyers additionally just lately purchased and offered shares of RIVN. Empowered Funds LLC bought a brand new stake in shares of Rivian Automotive in the course of the 1st quarter valued at about $111,000. Bleakley Monetary Group LLC boosted its holdings in Rivian Automotive by 127.1% within the first quarter. Bleakley Monetary Group LLC now owns 22,357 shares of the electrical car automaker’s inventory price $245,000 after buying a further 12,514 shares over the last quarter. Mitsubishi UFJ Asset Administration Co. Ltd. grew its place in Rivian Automotive by 14.2% within the 1st quarter. Mitsubishi UFJ Asset Administration Co. Ltd. now owns 501,055 shares of the electrical car automaker’s inventory price $5,487,000 after buying a further 62,199 shares in the course of the interval. Kingsview Wealth Administration LLC raised its stake in Rivian Automotive by 21.0% in the course of the 1st quarter. Kingsview Wealth Administration LLC now owns 12,109 shares of the electrical car automaker’s inventory valued at $133,000 after shopping for a further 2,101 shares over the last quarter. Lastly, Mitsubishi UFJ Belief & Banking Corp lifted its holdings in shares of Rivian Automotive by 175.2% in the course of the 1st quarter. Mitsubishi UFJ Belief & Banking Corp now owns 962,139 shares of the electrical car automaker’s inventory valued at $10,536,000 after shopping for a further 612,499 shares in the course of the interval. 66.25% of the inventory is presently owned by institutional buyers.
Rivian Automotive Buying and selling Down 2.4 %
Rivian Automotive inventory opened at $10.06 on Friday. Rivian Automotive, Inc. has a 1 12 months low of $8.26 and a 1 12 months excessive of $24.61. The agency’s 50 day transferring common value is $11.09 and its 200-day transferring common value is $12.41. The corporate has a debt-to-equity ratio of 0.93, a present ratio of 5.09 and a fast ratio of 4.01. The inventory has a market cap of $10.14 billion, a P/E ratio of -1.80 and a beta of two.04.
Wall Avenue Analyst Weigh In
A number of brokerages just lately commented on RIVN. Wells Fargo & Firm lowered their value goal on Rivian Automotive from $15.00 to $11.00 and set an “equal weight” score for the corporate in a analysis report on Tuesday, October fifteenth. UBS Group lowered their value goal on shares of Rivian Automotive from $17.00 to $16.00 and set a “impartial” score for the corporate in a analysis report on Wednesday, August seventh. Wolfe Analysis initiated protection on shares of Rivian Automotive in a report on Thursday, September fifth. They issued a “peer carry out” score on the inventory. Mizuho lowered their goal value on shares of Rivian Automotive from $15.00 to $12.00 and set a “impartial” score for the corporate in a report on Monday, November 4th. Lastly, Canaccord Genuity Group dropped their value goal on shares of Rivian Automotive from $30.00 to $28.00 and set a “purchase” score on the inventory in a analysis notice on Monday, October seventh. One funding analyst has rated the inventory with a promote score, twelve have given a maintain score and ten have assigned a purchase score to the inventory. In line with MarketBeat, the inventory has a mean score of “Maintain” and a consensus value goal of $15.73.
View Our Newest Report on RIVN
Insider Exercise at Rivian Automotive
In different Rivian Automotive information, CEO Robert J. Scaringe offered 83,333 shares of the inventory in a transaction dated Thursday, September twelfth. The shares have been offered at a mean value of $13.68, for a complete transaction of $1,139,995.44. Following the completion of the transaction, the chief government officer now owns 886,526 shares of the corporate’s inventory, valued at $12,127,675.68. This represents a 8.59 % lower of their place. The transaction was disclosed in a doc filed with the Securities & Alternate Fee, which is out there at the SEC web site. 2.51% of the inventory is presently owned by company insiders.
Rivian Automotive Firm Profile
Rivian Automotive, Inc, along with its subsidiaries, designs, develops, manufactures, and sells electrical autos and equipment. The corporate presents client autos, together with a two-row, five-passenger pickup truck beneath the R1T model, a three-row, seven-passenger sport utility car beneath the R1S identify.
Really useful Tales
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