Exchange Traded Concepts LLC Makes New $6.62 Million Investment in Rivian Automotive, Inc. $RIVN

Exchange Traded Concepts LLC acquired a new stake in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 335,737 shares of the electric vehicle automaker’s stock, valued at approximately $6,617,000.

Other institutional investors have also made changes to their positions in the company. Newbridge Financial Services Group Inc. lifted its holdings in Rivian Automotive by 113.6% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. Mather Group LLC. acquired a new position in Rivian Automotive during the third quarter valued at approximately $30,000. Hemington Wealth Management raised its position in shares of 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 purchasing an additional 1,580 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Rivian Automotive in the third quarter valued at approximately $31,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Rivian Automotive in the third quarter worth $39,000. 66.25% of the stock is owned by institutional investors.

Insider Buying and Selling at Rivian Automotive

In other Rivian Automotive news, CEO Robert J. Scaringe sold 34,900 shares of Rivian Automotive stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total transaction of $586,320.00. Following the sale, the chief executive officer owned 1,044,731 shares in the company, valued at $17,551,480.80. The trade was a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Claire Mcdonough sold 27,133 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total transaction of $455,834.40. Following the completion of the sale, the chief financial officer directly owned 680,836 shares in the company, valued at $11,438,044.80. This trade represents a 3.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 131,833 shares of company stock valued at $2,196,995. 2.16% of the stock is owned by company insiders.

Rivian Automotive Stock Performance

Rivian Automotive stock opened at $14.77 on Monday. The business has a 50 day moving average price of $15.46 and a two-hundred day moving average price of $15.91. The company has a quick ratio of 1.89, a current ratio of 2.33 and a debt-to-equity ratio of 0.97. Rivian Automotive, Inc. has a 12 month low of $10.36 and a 12 month high of $22.69. The stock has a market cap of $18.33 billion, a price-to-earnings ratio of -4.81 and a beta of 1.74.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.68) by $0.14. The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Rivian Automotive had a negative return on equity of 65.05% and a negative net margin of 67.68%.Rivian Automotive’s revenue for the quarter was down 25.8% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.70) EPS. As a group, equities analysts forecast that Rivian Automotive, Inc. will post -3.2 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Rivian Automotive from a “hold” rating to a “strong sell” rating in a report on Sunday, February 15th. Piper Sandler cut their target price on shares of Rivian Automotive from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, February 13th. UBS Group upgraded shares of Rivian Automotive from a “sell” rating to a “neutral” rating and upped their price target for the company from $15.00 to $16.00 in a report on Friday, February 13th. TD Cowen raised Rivian Automotive from a “hold” rating to a “buy” rating and raised their price target for the company from $17.00 to $20.00 in a research report on Tuesday, March 10th. Finally, Benchmark reiterated a “buy” rating on shares of Rivian Automotive in a research note on Thursday, March 12th. Eleven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and seven have assigned a Sell rating to the stock. According to MarketBeat.com, Rivian Automotive has a consensus rating of “Hold” and an average target price of $18.05.

Trending Headlines about Rivian Automotive

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

• Positive Sentiment: Volkswagen has triggered the next $1 billion tranche into Rivian after the JV completed a software/winter-testing milestone for the VW ID EVERY1, validating Rivian’s software/architecture and unlocking material liquidity that improves Rivian’s funding runway and commercialization path for the JV vehicle. Rivian gets another $1B from Volkswagen
• Neutral Sentiment: Multiple outlets report the JV milestone and funding as a procedural tranche tied to engineering milestones — bullish for credibility but still dependent on future production/sales execution and JV timing. VW’s software partnership with Rivian clears investment hurdle
• Neutral Sentiment: Market commentary frames Rivian as a “quiet outperformer” with strategic shifts that could be an inflection point — supportive context for investors but not an immediate catalyst. MarketBeat Week in Review – 03/23 – 03/27
• Negative Sentiment: Short-term price weakness has drawn coverage explaining a recent pullback versus the broader market; macro/headline-driven selling (sector rotation, rate/inflation concerns) is cited as pressuring EV names including Rivian. Here’s Why Rivian Automotive (RIVN) Fell More Than Broader Market
• Negative Sentiment: Longer-term performance pieces note significant multi-year losses for pure-play EVs including Rivian, a reminder investors weigh both the near-term funding boost and the company’s longer path to sustained profitability. If You Bought Lucid, Nio, or Rivian Stock 5 Years Ago, Here’s How Much You’ve Lost

Rivian Automotive Company Profile

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.