Rivian Automotive stock is trading -7.55% below its average target price of $25.95 after dropping -5.0% during today's afternoon session. Analysts are giving the large-cap company an average rating of buy and target prices ranging from $14.0 to $40.0 per share.
Rivian Automotive has an elevated short interest of 17.3%. The stock's short ratio, or the number of days needed for all shorts to cover their positions, is 1.26. The company's insiders own 12.0% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. 62.8% of Rivian Automotive shares are held by institutional investors, which indicates a high level of confidence in the stock.
Institutions Invested in Rivian Automotive
Date Reported | Holder | Percentage | Shares | Value |
---|---|---|---|---|
2023-06-30 | Amazon.com, Inc. | 17% | 158,363,834 | $3,799,290,911 |
2023-03-31 | Price (T.Rowe) Associates Inc | 8% | 76,776,122 | $1,841,928,268 |
2023-03-31 | Vanguard Group Inc | 7% | 61,428,303 | $1,473,720,276 |
2023-03-31 | Blackrock Inc. | 5% | 50,903,971 | $1,221,232,079 |
2023-03-31 | FMR, LLC | 4% | 34,126,728 | $818,730,920 |
2023-03-31 | Capital Research Global Investors | 3% | 23,715,099 | $568,946,569 |
2023-03-31 | D1 Capital Partners, LP | 1% | 13,908,880 | $333,686,549 |
2023-03-31 | State Street Corporation | 1% | 9,547,650 | $229,056,716 |
2023-03-31 | Geode Capital Management, LLC | 1% | 8,080,044 | $193,847,527 |
2023-03-31 | Morgan Stanley | 1% | 6,746,027 | $161,843,259 |