Oppenheimer & Co. Inc. bought a brand new stake in Rivian Car, Inc. (NASDAQ:RIVN – Loose Record) all through the second one quarter, in step with its most up-to-date submitting with the SEC. The fund bought 10,066 stocks of the electrical car automaker’s inventory, valued at roughly $168,000.

Various different institutional traders and hedge price range additionally lately purchased and bought stocks of the inventory. BlackRock Inc. greater its holdings in Rivian Car through 2.9% within the 1st quarter. BlackRock Inc. now owns 50,903,971 stocks of the electrical car automaker’s inventory valued at $787,993,000 after obtaining an extra 1,443,514 stocks all through the closing quarter. FMR LLC greater its holdings in stocks of Rivian Car through 32.8% within the 1st quarter. FMR LLC now owns 34,126,728 stocks of the electrical car automaker’s inventory value $528,282,000 after purchasing an extra 8,427,507 stocks all through the closing quarter. Moneta Crew Funding Advisors LLC bought a brand new stake in stocks of Rivian Car all through the 4th quarter valued at about $228,175,000. Leading edge Crew Inc. raised its place in stocks of Rivian Car through 2.3% all through the first quarter. Leading edge Crew Inc. now owns 9,777,340 stocks of the electrical car automaker’s inventory valued at $491,214,000 after purchasing an extra 221,383 stocks within the closing quarter. After all, State Boulevard Corp raised its place in stocks of Rivian Car through 3.0% all through the first quarter. State Boulevard Corp now owns 9,547,650 stocks of the electrical car automaker’s inventory valued at $147,795,000 after purchasing an extra 277,742 stocks within the closing quarter. 62.79% of the inventory is recently owned through institutional traders.

Insider Purchasing and Promoting

In similar information, CFO Claire Mcdonough bought 3,265 stocks of Rivian Car inventory in a transaction on Friday, September fifteenth. The stocks have been bought at a mean worth of $24.24, for a complete transaction of $79,143.60. Following the sale, the executive monetary officer now owns 173,030 stocks of the corporate’s inventory, valued at roughly $4,194,247.20. The transaction was once disclosed in a prison submitting with the Securities & Alternate Fee, which is available via this hyperlink. 2.30% of the inventory is recently owned through insiders.

Rivian Car Inventory Up 0.7 %

Stocks of RIVN opened at $17.71 on Monday. The corporate has a handy guide a rough ratio of four.71, a present ratio of five.66 and a debt-to-equity ratio of 0.23. The company has a marketplace cap of $16.79 billion, a PE ratio of -2.74 and a beta of two.05. The corporate’s fifty day shifting reasonable is $20.66 and its two-hundred day shifting reasonable is $19.02. Rivian Car, Inc. has a fifty-two week low of $11.68 and a fifty-two week top of $35.74.

Rivian Car (NASDAQ:RIVN – Get Loose Record) closing posted its income effects on Tuesday, August eighth. The electrical car automaker reported ($1.08) income consistent with proportion for the quarter, beating the consensus estimate of ($1.42) through $0.34. The trade had earnings of $1.12 billion for the quarter, in comparison to analyst estimates of $1.02 billion. Rivian Car had a unfavourable internet margin of 200.97% and a unfavourable go back on fairness of 38.91%. The trade’s quarterly earnings was once up 208.0% on a year-over-year foundation. All the way through the similar quarter within the earlier yr, the trade posted ($1.89) EPS. Analysts forecast that Rivian Car, Inc. will submit -5.86 income consistent with proportion for the present yr.

Analyst Rankings Adjustments

RIVN has been the subject of numerous fresh analysis reviews. Wells Fargo & Corporate greater their worth function on stocks of Rivian Car from $14.00 to $24.00 and gave the corporate an “equivalent weight” ranking in a analysis observe on Wednesday, August ninth. Mizuho raised their worth goal on stocks of Rivian Car from $30.00 to $32.00 and gave the corporate a “purchase” ranking in a analysis file on Wednesday, August ninth. Barclays raised their worth goal on stocks of Rivian Car from $22.00 to $30.00 in a analysis file on Monday, July tenth. Deutsche Financial institution Aktiengesellschaft raised their worth goal on stocks of Rivian Car from $26.00 to $29.00 and gave the inventory a “purchase” ranking in a analysis observe on Wednesday, August ninth. After all, Needham & Corporate LLC reaffirmed a “purchase” ranking and set a $31.00 goal worth on stocks of Rivian Car in a analysis observe on Tuesday, October tenth. 5 analysis analysts have rated the inventory with a hang ranking and fifteen have issued a purchase ranking to the corporate. In line with MarketBeat, the corporate at the moment has a mean ranking of “Average Purchase” and a mean worth goal of $29.30.

Take a look at Out Our Newest Inventory Research on RIVN

Rivian Car Corporate Profile

(Loose Record)

Rivian Car, Inc designs, develops, manufactures, and sells electrical cars and equipment. The corporate gives five-passenger pickup vans and seven-passenger sports activities application cars. It supplies Rivian Industrial Automobile platform for Electrical Supply Van with collaboration with Amazon.com, Inc The corporate sells its merchandise at once to shoppers within the client and business markets.

Really helpful Tales

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