The agency elevated its stake in Rivian Automotive, INC (NASDAQ:RIVN) by 170.0% throughout 2018Q4, in line with Arkadios Wealth Advisors in its most up-to-date submitting with the Securities & Change Fee. (SEC).
The institutional investor now owns 21,305 shares of the electrical automobile maker’s inventory after buying an extra 13,415 shares throughout the quarter.
Arkadios Wealth Advisors’ holdings in Rivian Automotive had been valued at $393,000 as of its most up-to-date submitting with the SEC.
A number of different institutional buyers and hedge funds additionally lately adjusted their holdings of the corporate.
Over the past three months of 2018, EWG Elevate INC made a brand new funding in Rivian Vehicle valued at $253,000.
Polianta Ltd acquired a brand new stake in Rivian Automotive within the final three months of 2018, paying roughly $639,000.
Financial institution of New York Mellon Corp boosted its stake in Rivian Automotive by 218.7% within the third quarter.
Financial institution of New York Mellon Corp now owns 1,841,340 shares of the electrical automobile maker’s inventory after buying an extra 1,263,501 shares within the earlier quarter.
The present market worth of those shares is $60,598,000. Robeco Institutional Asset Administration BV
Raised its stake in Rivian Automotive by 31.7% throughout the fiscal third quarter. Robeco Institutional Asset Administration BV acquired an extra 10,463 shares of the electrical automobile maker’s inventory over the last quarter, bringing the corporate’s whole to 43,456 shares valued at $1,430,000.
Final however not least, Gould Capital LLC grew its stake in Rivian Automotive by 175.4% throughout the third quarter.
Gould Capital LLC now owns 785 shares of the electrical automobile maker’s inventory valued at $26,000 after buying an extra 500 shares within the final quarter.
Institutional buyers now personal 67.97% of the corporate’s shares.
RIVN inventory opened at $13.02 per share on Tuesday.
The transferring common for the corporate over the previous 50 days is $17.49; within the final 200 days, this quantity has elevated to $25.53. With a 12-month low of $12.58 and a 12-month excessive of $56.76, Rivian Automotive, INC has a debt-to-equity ratio of 0.09, a present ratio of 5.42, and a gearing ratio of 4.86.
The corporate’s share worth has ranged from $12.58 to $56.76 over the previous 12 months.
Rivian Automotive (NASDAQ: RIVN ) introduced its monetary outcomes on February twenty eighth.
The electrical automobile maker reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.89 by $0.16. The corporate’s precise gross sales for the newest quarter had been $663.00 million, in comparison with the consensus estimate of $729.47 million.
Rivian Automotive’s return on fairness was destructive 37.49% and the corporate’s web revenue margin was destructive 407.24%.
The annual development fee of the corporate’s quarterly gross sales was 1127.8% greater than final 12 months.
Throughout the identical interval final 12 months, the corporate’s revenue was $2.43 per share.
Equities analysis consultants forecast that Rivian Automotive, INC will submit $5.46 earnings per share for the present fiscal 12 months.
On Wednesday, February fifteenth, Claire McDonagh, CFO of Rivian Automotive, offered 2,090 shares of the enterprise’s inventory.
This information is a part of different latest developments concerning Rivian Automotive.
At a median worth of $18.99 per share, the inventory was traded for $39,689.10.
On account of the transaction, the chief monetary officer now owns 75,804 shares within the firm, with a complete worth of $1,439,517.96.
The deal was introduced by a submitting with the Securities and Change Fee.
This assertion will be discovered on the SEC’s web site. CFO Rivian Automotive offered 2,090 shares of the corporate’s inventory.
This information is a part of different latest developments concerning Rivian Automotive.
At a median worth of $18.99 per share, the inventory was traded for $39,689.10.
On account of the transaction, the chief monetary officer now owns 75,804 shares within the firm, with a complete worth of $1,439,517.96.
The deal was introduced by a submitting with the Securities and Change Fee.
This software will be discovered on the SEC’s web site.
In associated Rivian Automotive information, CFO Claire McDonagh offered 2,090 shares of the inventory in a transaction on Wednesday, February fifteenth.
At a median worth of $18.99 per share, the inventory was traded for $39,689.10.
On account of the transaction, the chief monetary officer now owns 75,804 shares within the firm, with a complete worth of $1,439,517.96.
This info concerning the transaction was included in a submitting with the SEC, which will be accessed by following this hyperlink. Additionally, COO Jeff Baker offered 2,331 shares of Rivian Automotive inventory in a transaction on Wednesday, February fifteenth.
At a median worth of $18.98 per share, the inventory was offered for $44,242.38.
On account of the sale, the chief accounting officer now owns roughly 87,000 shares within the firm, valued at roughly $1,651,260.
Disclosures for this sale will be discovered right here.
2.34% of firm shares are owned by firm insiders.
Latest developments have sparked curiosity in RIVN from a number of analysis companies.
Evercore ISI reduce their worth goal on Rivian Automotive from $35.00 to $25.00 in a analysis report on Monday, March sixth. Robert W.
Baird reduce their worth goal on Rivian Automotive from $44.00 to $35.00 and gave the corporate an “outperform” ranking in a report on Wednesday, March 1st. Rivian Automotive was talked about for the primary time in a report compiled by Financial institution of America on Friday, March tenth.
They beneficial shopping for shares of the businesses and set a worth goal of $40.
DA Davidson introduced on March 1st that they’re decreasing their worth goal on Rivian Automotive from $23.00 to $16.00.
Such info was included within the report revealed on March 1.
Final however not least, Royal Financial institution of Canada reduce their worth goal on Rivian Automotive from $50.00 to $28.00 and gave the inventory an “outperform” ranking in a analysis be aware on Wednesday, March 1st. The inventory has a promote suggestion from two fairness analysis consultants, a maintain suggestion from 4, and a purchase suggestion from fourteen.
Rivian Automotive presently has a consensus ranking of “average purchase” and a consensus worth goal of $32.62, in line with Bloomberg information.
Rivian Automotive, INC is an organization that makes a speciality of the design and growth of electrical autos, in addition to the manufacturing, distribution and retail of associated elements.
This firm sells pickup vehicles and SUVs with 5 seats.
Amazon.com helps to develop the Rivian Business Car Platform, which might be used to construct electrical vans.
The corporate provides its merchandise to particular person shoppers and companies instantly within the business and client markets.
