Citizens Financial Group Inc. RI Invests $870,000 in Rivian Automotive, Inc. $RIVN

Citizens Financial Group Inc. RI bought a new position in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 59,259 shares of the electric vehicle automaker’s stock, valued at approximately $870,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Assetmark Inc. grew its position in Rivian Automotive by 315.6% during the 2nd quarter. Assetmark Inc. now owns 1,787 shares of the electric vehicle automaker’s stock worth $25,000 after purchasing an additional 1,357 shares during the period. Newbridge Financial Services Group Inc. boosted its stake in shares of Rivian Automotive by 113.6% in the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after buying an additional 1,000 shares during the last quarter. Mather Group LLC. acquired a new stake in Rivian Automotive during the third quarter worth about $30,000. Fairman Group LLC purchased a new position in Rivian Automotive during the second quarter valued at approximately $31,000. Finally, Hemington Wealth Management lifted its holdings in Rivian Automotive by 291.0% in the third quarter. Hemington Wealth Management now owns 2,123 shares of the electric vehicle automaker’s stock valued at $31,000 after acquiring an additional 1,580 shares during the period. 66.25% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Rivian Automotive

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

• Positive Sentiment: Rivian CEO RJ Scaringe slated as a keynote speaker at ACT Expo 2026 — raises visibility with commercial fleet buyers and highlights Rivian’s truck/van commercial strategy. ACT Expo announcement
• Neutral Sentiment: Analyst coverage is mixed-to-cautious overall: some outlets show a consensus Hold while independent price forecasts vary — signaling no clear upside catalyst from the sell-side yet. Consensus rating report
• Neutral Sentiment: Market commentary pieces and price-forecast articles highlight both the company’s long-term potential and recent short-term weakness; these serve more as background than immediate catalysts. MarketBeat EV piece
• Negative Sentiment: UBS downgraded Rivian to Sell (from Neutral/Hold) and set a $15 price target, citing valuation and near-term risks — this is a high-profile downgrade that has put immediate downward pressure on the shares. Barron’s UBS downgrade
• Negative Sentiment: Wolfe Research lowered its rating to Underperform — another institutional downgrade adding to selling momentum and analyst skepticism. Wolfe Research downgrade
• Negative Sentiment: Multiple headlines point to consecutive sessions of losses and the stock being pressured after these downgrades — elevated volume suggests the moves are driven by sentiment shifts rather than new operational problems. Schaeffers Research coverage

Rivian Automotive Stock Down 7.2%

Shares of NASDAQ RIVN opened at $17.50 on Thursday. The firm has a market cap of $21.45 billion, a price-to-earnings ratio of -5.63 and a beta of 1.77. The company’s 50-day simple moving average is $17.99 and its 200-day simple moving average is $14.99. The company has a quick ratio of 2.23, a current ratio of 2.71 and a debt-to-equity ratio of 0.87. Rivian Automotive, Inc. has a 52-week low of $10.36 and a 52-week high of $22.69.

Rivian Automotive (NASDAQ:RIVN) last issued its quarterly earnings results on Tuesday, November 4th. The electric vehicle automaker reported ($0.65) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.06. Rivian Automotive had a negative net margin of 61.34% and a negative return on equity of 57.33%. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted ($1.08) EPS. Rivian Automotive’s quarterly revenue was up 78.3% compared to the same quarter last year. Equities analysts predict that Rivian Automotive, Inc. will post -3.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on RIVN. The Goldman Sachs Group raised their price objective on shares of Rivian Automotive from $13.00 to $16.00 and gave the stock a “neutral” rating in a research note on Friday, December 12th. Cfra Research upgraded shares of Rivian Automotive to a “moderate sell” rating in a research report on Thursday, October 2nd. Mizuho reiterated an “underperform” rating and issued a $10.00 price objective (down previously from $14.00) on shares of Rivian Automotive in a research report on Monday, October 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Rivian Automotive in a research report on Wednesday, October 8th. Finally, Wolfe Research cut Rivian Automotive from a “peer perform” rating to an “underperform” rating in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.03.

Insider Activity

In other news, Director Peter Krawiec sold 3,655 shares of Rivian Automotive stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $19.45, for a total value of $71,089.75. Following the sale, the director directly owned 29,122 shares of the company’s stock, valued at $566,422.90. The trade was a 11.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert J. Scaringe sold 52,350 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $16.60, for a total value of $869,010.00. Following the sale, the chief executive officer owned 1,246,405 shares of the company’s stock, valued at $20,690,323. The trade was a 4.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 155,054 shares of company stock worth $2,733,010 over the last quarter. 2.16% of the stock is currently owned by corporate insiders.

About Rivian Automotive

Rivian Automotive, Inc is an American automotive technology company specializing in the design, development and manufacture of electric vehicles. The company is best known for its all-electric R1 platform, which underpins the R1T pickup truck and R1S sport utility vehicle. In addition to consumer products, Rivian has secured a significant commercial contract to produce electric delivery vans for a leading e-commerce provider, underscoring its capability to serve both retail and fleet customers.

Founded in 2009 by engineer and entrepreneur Robert “RJ” Scaringe, Rivian has grown from a research-focused startup into a publicly traded corporation.