3 days Ago By ABMN Staff
CIBC Private Wealth Group LLC decreased its holdings in shares of Rivian Automotive, Inc. ( NASDAQ:RIVN – Free Report ) by 20.6% during the 4th quarter, HoldingsChannel.
com reports. The firm owned 13,715 shares of the electric vehicle automaker’s stock after selling 3,560 shares during the period. CIBC Private Wealth Group LLC’s holdings in Rivian Automotive were worth $195,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Tandem Financial LLC acquired a new position in Rivian Automotive during the fourth quarter worth $25,000. Bank of Jackson Hole Trust bought a new stake in shares of Rivian Automotive during the 4th quarter worth about $27,000.
Wilmington Savings Fund Society FSB acquired a new position in shares of Rivian Automotive during the 3rd quarter valued at about $28,000. Bear Mountain Capital Inc. raised its stake in shares of Rivian Automotive by 208.
0% in the 4th quarter. Bear Mountain Capital Inc. now owns 2,861 shares of the electric vehicle automaker’s stock valued at $36,000 after acquiring an additional 1,932 shares in the last quarter.
Finally, AllSquare Wealth Management LLC lifted its holdings in Rivian Automotive by 8,794.1% in the 4th quarter. AllSquare Wealth Management LLC now owns 3,024 shares of the electric vehicle automaker’s stock worth $40,000 after purchasing an additional 2,990 shares during the last quarter.
Institutional investors and hedge funds own 66.25% of the company’s stock. Wall Street Analysts Forecast Growth Several equities analysts have commented on RIVN shares.
UBS Group increased their price target on Rivian Automotive from $11.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, January 16th.
Piper Sandler lowered shares of Rivian Automotive from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $19.00 to $13.00 in a research note on Thursday, March 20th.
Baird R W downgraded shares of Rivian Automotive from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Cowen assumed coverage on shares of Rivian Automotive in a report on Thursday, March 6th. They set a “hold” rating for the company.
Finally, Truist Financial lifted their price objective on Rivian Automotive from $12.00 to $14.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th.
Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $14.38.
Rivian Automotive Price Performance Rivian Automotive stock opened at $11.21 on Monday. The business has a 50 day simple moving average of $12.
17 and a 200 day simple moving average of $12.08. Rivian Automotive, Inc.
has a one year low of $8.26 and a one year high of $18.86.
The company has a market capitalization of $12.68 billion, a PE ratio of -2.37 and a beta of 1.
89. The company has a debt-to-equity ratio of 0.93, a current ratio of 5.
09 and a quick ratio of 3.70. Rivian Automotive ( NASDAQ:RIVN – Get Free Report ) last issued its quarterly earnings data on Thursday, February 20th.
The electric vehicle automaker reported ($0.63) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.
06. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.
43 billion. Rivian Automotive had a negative return on equity of 66.26% and a negative net margin of 95.
51%. On average, sell-side analysts forecast that Rivian Automotive, Inc. will post -3.
2 EPS for the current fiscal year. Insider Buying and Selling at Rivian Automotive In other Rivian Automotive news, CFO Claire Mcdonough sold 6,856 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $14.
26, for a total value of $97,766.56. Following the transaction, the chief financial officer now owns 335,076 shares of the company’s stock, valued at approximately $4,778,183.
76. The trade was a 2.01 % decrease in their ownership of the stock.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CEO Robert J. Scaringe sold 71,429 shares of the stock in a transaction on Monday, March 24th.
The stock was sold at an average price of $11.82, for a total value of $844,290.78.
Following the sale, the chief executive officer now owns 853,011 shares in the company, valued at $10,082,590.02. The trade was a 7.
73 % decrease in their position. The disclosure for this sale can be found here . Insiders have sold a total of 113,998 shares of company stock worth $1,433,468 over the last ninety days.
Corporate insiders own 2.51% of the company’s stock. Rivian Automotive Company Profile ( Free Report ) Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories.
The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name. Featured Articles Want to see what other hedge funds are holding RIVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rivian Automotive, Inc.
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