Understanding the Potential Headwinds for Rivian Automotive Stock.

After this morning's -1.8% drop to $24.26 per share, Rivian Automotive might just keep moving past its target price of $23.65. With an average analyst rating of buy, and target prices from $14.0 to $40.0, the stock's next move is anyone's guess.

The stock has an unusually large proportion of its shares sold short at 16.0%, and a short ratio of 3.41. The company's insiders own 12.16% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that an average number of institutional investors are invested in the stock, with 68.1% of Rivian Automotive's shares being owned by this investor type.

Institutions Invested in Rivian Automotive

Date Reported Holder Percentage Shares Value
2023-03-31 Amazon.com, Inc. 17% 158,363,834 $3,842,128,357
2023-03-31 Price (T.Rowe) Associates Inc 8% 76,776,122 $1,862,696,223
2023-03-31 Vanguard Group, Inc. (The) 7% 61,428,303 $1,490,336,644
2023-03-31 Blackrock Inc. 5% 50,903,971 $1,235,001,613
2023-03-31 FMR, LLC 4% 34,126,728 $827,962,206
2023-03-31 Capital Research Global Investors 3% 23,715,099 $575,361,508
2023-03-31 D1 Capital Partners, LP 1% 13,908,880 $337,448,904
2023-03-31 State Street Corporation 1% 9,547,650 $231,639,357
2023-03-31 Geode Capital Management, LLC 1% 8,080,044 $196,033,181
2023-03-31 Morgan Stanley 1% 6,746,027 $163,668,060

Besides an analyst consensus of little upside potential, other market factors point to there being mixed market sentiment on Rivian Automotive.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.