On August 29, 2023 at 14:56:59 ET an unusually large $458.00K block of Call contracts in Rivian Automotive Inc – (RIVN) was bought, with a strike price of $20.00 / share, expiring in 143 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was 2.71 sigmas above the mean, placing it in the 99.59th percentile of all recent large trades made in RIVN options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 1009 funds or institutions reporting positions in Rivian Automotive Inc -. This is a decrease of 32 owner(s) or 3.07% in the last quarter. Average portfolio weight of all funds dedicated to RIVN is 0.25%, an increase of 7.42%. Total shares owned by institutions increased in the last three months by 9.65% to 652,538K shares. The put/call ratio of RIVN is 0.86, indicating a bullish outlook.
Analyst Price Forecast Suggests 28.43% Upside
As of August 2, 2023, the average one-year price target for Rivian Automotive Inc – is 26.37. The forecasts range from a low of 14.14 to a high of $42.00. The average price target represents an increase of 28.43% from its latest reported closing price of 20.53.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rivian Automotive Inc – is 5,692MM, an increase of 90.94%. The projected annual non-GAAP EPS is -5.82.
What are Other Shareholders Doing?
Amazon Com holds 158,364K shares representing 16.70% ownership of the company. No change in the last quarter.
Price T Rowe Associates holds 73,293K shares representing 7.73% ownership of the company. In it’s prior filing, the firm reported owning 76,776K shares, representing a decrease of 4.75%. The firm increased its portfolio allocation in RIVN by 115.76% over the last quarter.
PRGFX – T. Rowe Price Growth Stock Fund holds 27,440K shares representing 2.89% ownership of the company. In it’s prior filing, the firm reported owning 28,728K shares, representing a decrease of 4.69%. The firm decreased its portfolio allocation in RIVN by 2.08% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 22,043K shares representing 2.32% ownership of the company. In it’s prior filing, the firm reported owning 21,225K shares, representing an increase of 3.71%. The firm increased its portfolio allocation in RIVN by 3.13% over the last quarter.
VIMSX – Vanguard Mid-Cap Index Fund Investor Shares holds 16,193K shares representing 1.71% ownership of the company. In it’s prior filing, the firm reported owning 15,993K shares, representing an increase of 1.24%. The firm increased its portfolio allocation in RIVN by 4.61% over the last quarter.
Rivian Automotive Background Information
(This description is provided by the company.)
Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships.
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