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
|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||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|