Rivian Automotive stock is trading -22.69% below its average target price of $29.09 after marking a 1.0% during today's morning session. Analysts are giving the large-cap Auto Manufacturers company an average rating of buy and target prices ranging from $15.0 to $44.0 per share.
The stock has an unusually large proportion of its shares sold short at 16.0%, and a short ratio of 3.6. The company's insiders own 12.0% 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 62.8% of Rivian Automotive's shares being owned by this investor type.
Institutions Invested in Rivian Automotive
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Amazon.com, Inc. | 17% | 158,363,834 | $3,561,602,590 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 8% | 73,292,635 | $1,648,351,344 |
| 2023-06-30 | Vanguard Group Inc | 7% | 63,436,687 | $1,426,691,076 |
| 2023-06-30 | Blackrock Inc. | 6% | 55,827,991 | $1,255,571,504 |
| 2023-06-30 | FMR, LLC | 4% | 36,247,012 | $815,195,291 |
| 2023-06-30 | D1 Capital Partners, LP | 1% | 13,908,880 | $312,810,708 |
| 2023-06-30 | Capital Research Global Investors | 1% | 13,334,127 | $299,884,513 |
| 2023-06-30 | State Street Corporation | 1% | 11,704,572 | $263,235,821 |
| 2023-06-30 | Mirae Asset Global Investments Co., Ltd. | 1% | 8,504,619 | $191,268,879 |
| 2023-06-30 | Morgan Stanley | 1% | 8,501,926 | $191,208,313 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Rivian Automotive.
