54,302 Shares of Rivian Automotive, Inc. $RIVN Bought by VCI Wealth Management LLC

VCI Wealth Management LLC bought a new position in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 54,302 shares of the electric vehicle automaker’s stock, valued at approximately $811,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in Rivian Automotive by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 7,438,776 shares of the electric vehicle automaker’s stock valued at $111,896,000 after purchasing an additional 25,382 shares in the last quarter. Hsbc Holdings PLC increased its stake in Rivian Automotive by 55.8% in the first quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker’s stock valued at $46,625,000 after purchasing an additional 1,109,171 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Rivian Automotive during the second quarter worth approximately $49,915,000. Swiss National Bank raised its holdings in Rivian Automotive by 8.2% during the first quarter. Swiss National Bank now owns 2,331,000 shares of the electric vehicle automaker’s stock worth $35,082,000 after purchasing an additional 176,500 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Rivian Automotive by 22.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,970,637 shares of the electric vehicle automaker’s stock worth $29,441,000 after buying an additional 356,540 shares during the last quarter. Hedge funds and other institutional investors own 66.25% of the company’s stock.

Insider Buying and Selling

In other news, CFO Claire McDonough sold 13,144 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $14.50, for a total transaction of $190,588.00. Following the transaction, the chief financial officer directly owned 827,201 shares in the company, valued at approximately $11,994,414.50. This trade represents a 1.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Michael John Callahan sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $15.00, for a total transaction of $225,000.00. Following the transaction, the insider owned 1,001,776 shares in the company, valued at approximately $15,026,640. This trade represents a 1.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 51,167 shares of company stock worth $788,306. Insiders own 1.48% of the company’s stock.

Rivian Automotive Trading Up 8.5%

NASDAQ:RIVN opened at $13.19 on Tuesday. The stock’s 50 day moving average price is $14.45 and its 200 day moving average price is $15.47. The company has a market capitalization of $19.10 billion, a PE ratio of -5.86 and a beta of 1.62. The company has a quick ratio of 1.65, a current ratio of 2.10 and a debt-to-equity ratio of 0.87. Rivian Automotive, Inc. has a 52-week low of $11.38 and a 52-week high of $22.69.

Rivian Automotive (NASDAQ:RIVN) last released its quarterly earnings results on Thursday, October 29th. The electric vehicle automaker reported ($0.48) EPS for the quarter, topping the consensus estimate of ($0.64) by $0.16. Rivian Automotive had a negative return on equity of 73.90% and a negative net margin of 54.96%. The company had revenue of $2.15 billion for the quarter, compared to analyst estimates of $2 billion. During the same quarter in the previous year, the company posted ($1.08) earnings per share. The firm’s revenue was up 38.3% compared to the same quarter last year. On average, research analysts anticipate that Rivian Automotive, Inc. will post -2.92 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RIVN shares. Wall Street Zen cut shares of Rivian Automotive from a “hold” rating to a “sell” rating in a report on Saturday. Royal Bank Of Canada increased their target price on shares of Rivian Automotive from $14.00 to $16.00 and gave the company a “sector perform” rating in a research report on Friday, July 31st. Morgan Stanley lifted their price target on shares of Rivian Automotive from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. BNP Paribas Exane boosted their price target on shares of Rivian Automotive from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Wednesday, July 8th. Finally, Citigroup assumed coverage on shares of Rivian Automotive in a research report on Monday, September 14th. They issued a “hold” rating and a $18.00 price target for the company. Fifteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.50.

More Rivian Automotive News

Here are the key news stories impacting Rivian Automotive this week:

• Positive Sentiment: UBS upgraded Rivian to Buy from Hold and maintained a $17 price target. Analyst Joseph Spak described the recent selloff as a buying opportunity, citing improving R2 demand, an expected production ramp, stronger automotive gross margins and growing software revenue. UBS Upgrades Rivian, Sees 40% Upside After Recent Slide
• Positive Sentiment: The R2 SUV is increasingly viewed as a potential volume catalyst because its lower price could expand Rivian’s customer base beyond premium-EV buyers and Tesla switchers. Investors are also anticipating an inflection in vehicle production and margins as R2 output increases. Rivian Stock Can Rise More Than 30%
• Positive Sentiment: Rivian’s latest quarterly results provided additional support: revenue rose 38.3% year over year to $2.16 billion, while its adjusted loss of $0.48 per share was narrower than analysts expected. Management also highlighted R2 momentum, margin progress and longer-term autonomy opportunities. RIVN Q3 Deep Dive
• Neutral Sentiment: Jefferies upgraded Rivian, while Evercore ISI and Stifel reaffirmed Buy ratings, indicating continued support among several analysts. However, Cantor Fitzgerald and Needham reduced their price targets, reflecting differing views on valuation and execution risk.
• Negative Sentiment: Despite the earnings beat, Rivian remains unprofitable, with substantial expected full-year losses and continued dependence on successfully scaling R2 production. Bank of America’s Sell rating and concerns that earnings improvements may not yet resolve the company’s long-term cash-burn and execution challenges remain overhangs. Rivian Earnings Don’t Mask Stock Collapse

Rivian Automotive Profile

Rivian Automotive, Inc is an electric vehicle manufacturer that designs, develops and produces all-electric trucks, sport utility vehicles and commercial delivery vans. The company focuses on vehicles intended for outdoor recreation, everyday transportation and fleet use, combining battery-electric powertrains with software and connected-vehicle technologies.

Rivian’s consumer vehicle lineup includes the R1T pickup truck and R1S sport utility vehicle. The company also develops electric commercial vans for business and delivery fleets, including vehicles produced through its relationship with Amazon.