Panagora Asset Control Inc. larger its place in stocks of Rivian Car, Inc. (NASDAQ:RIVN – Loose File) through 398.2% within the 3rd quarter, in line with its most up-to-date 13F submitting with the Securities & Change Fee. The institutional investor owned 98,459 stocks of the electrical car automaker’s inventory after buying an extra 78,698 stocks all through the quarter. Panagora Asset Control Inc.’s holdings in Rivian Car had been value $2,391,000 on the finish of the latest quarter.

Different institutional buyers have additionally lately added to or lowered their stakes within the corporate. 5th 3rd Bancorp larger its holdings in stocks of Rivian Car through 0.9% all through the second one quarter. 5th 3rd Bancorp now owns 45,078 stocks of the electrical car automaker’s inventory value $751,000 after purchasing an extra 400 stocks within the remaining quarter. Eaton Vance Control larger its holdings in Rivian Car through 6.8% all through the first quarter. Eaton Vance Control now owns 7,843 stocks of the electrical car automaker’s inventory valued at $394,000 after buying an extra 497 stocks within the remaining quarter. Gould Capital LLC raised its place in Rivian Car through 32.6% within the 2d quarter. Gould Capital LLC now owns 2,035 stocks of the electrical car automaker’s inventory valued at $34,000 after buying an extra 500 stocks all through the remaining quarter. D.A. Davidson & CO. boosted its stake in Rivian Car through 9.1% within the first quarter. D.A. Davidson & CO. now owns 6,176 stocks of the electrical car automaker’s inventory value $310,000 after buying an extra 515 stocks within the remaining quarter. In the end, Nissay Asset Control Corp Japan ADV grew its holdings in stocks of Rivian Car through 1.6% all through the fourth quarter. Nissay Asset Control Corp Japan ADV now owns 35,904 stocks of the electrical car automaker’s inventory value $662,000 after buying an extra 577 stocks all through the remaining quarter. 62.79% of the inventory is owned through institutional buyers.

Rivian Car Inventory Efficiency

Stocks of NASDAQ:RIVN opened at $15.48 on Friday. The corporate has a 50 day transferring reasonable value of $19.24 and a two-hundred day transferring reasonable value of $20.83. The corporate has a snappy ratio of three.64, a present ratio of four.61 and a debt-to-equity ratio of 0.26. Rivian Car, Inc. has a 52 week low of $11.68 and a 52 week top of $28.06.

Rivian Car (NASDAQ:RIVN – Get Loose File) remaining launched its quarterly profits knowledge on Tuesday, November seventh. The electrical car automaker reported ($1.44) EPS for the quarter, beating analysts’ consensus estimates of ($1.61) through $0.17. The trade had income of $1.34 billion all through the quarter, in comparison to analysts’ expectancies of $1.32 billion. Rivian Car had a detrimental internet margin of 148.97% and a detrimental go back on fairness of 42.17%. The company’s quarterly income was once up 149.4% on a year-over-year foundation. All through the similar quarter within the prior yr, the corporate earned ($1.57) EPS. As a gaggle, analysts forecast that Rivian Car, Inc. will publish -5.94 EPS for the present yr.

Insiders Position Their Bets

In different information, CFO Claire Mcdonough bought 3,265 stocks of the company’s inventory in a transaction dated Thursday, November sixteenth. The inventory was once bought at a median value of $17.08, for a complete transaction of $55,766.20. Following the sale, the executive monetary officer now owns 173,030 stocks of the corporate’s inventory, valued at $2,955,352.40. The transaction was once disclosed in a felony submitting with the SEC, which is to be had at the SEC web site. Company insiders personal 2.30% of the corporate’s inventory.

Wall Boulevard Analyst Weigh In

A number of analysis analysts lately issued studies on RIVN stocks. Deutsche Financial institution Aktiengesellschaft reiterated a “grasp” score and set a $19.00 value goal (down up to now from $29.00) on stocks of Rivian Car in a analysis record on Wednesday. The Goldman Sachs Crew lowered their value goal on stocks of Rivian Car from $25.00 to $19.00 and set a “impartial” score at the inventory in a analysis notice on Monday, December 4th. Stifel Nicolaus started protection on stocks of Rivian Car in a analysis record on Thursday, December seventh. They issued a “purchase” score and a $23.00 value function for the corporate. UBS Crew raised Rivian Car from a “impartial” score to a “purchase” score and lowered their value function for the inventory from $26.00 to $24.00 in a record on Tuesday, October tenth. In the end, Wells Fargo & Corporate dropped their goal value on Rivian Car from $24.00 to $19.00 and set an “equivalent weight” score for the corporate in a analysis record on Wednesday, November eighth. Seven equities analysis analysts have rated the inventory with a grasp score and fifteen have given a purchase score to the corporate’s inventory. In keeping with knowledge from MarketBeat, Rivian Car at the moment has a median score of “Reasonable Purchase” and a median goal value of $28.00.

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Rivian Car Corporate Profile

(Loose File)

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 industrial markets.

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