J. Safra Sarasin Holding AG Has $1.16 Million Stock Position in Rivian Automotive, Inc. $RIVN

J. Safra Sarasin Holding AG increased its stake in Rivian Automotive, Inc. (NASDAQ:RIVN) by 250.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 76,982 shares of the electric vehicle automaker’s stock after purchasing an additional 55,035 shares during the period. J. Safra Sarasin Holding AG’s holdings in Rivian Automotive were worth $1,158,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of RIVN. Norges Bank acquired a new stake in Rivian Automotive during the fourth quarter worth about $220,323,000. Renaissance Technologies LLC raised its position in shares of Rivian Automotive by 32.4% in the 4th quarter. Renaissance Technologies LLC now owns 16,397,496 shares of the electric vehicle automaker’s stock valued at $323,195,000 after buying an additional 4,012,386 shares in the last quarter. Capital International Investors lifted its holdings in shares of Rivian Automotive by 13.2% during the 4th quarter. Capital International Investors now owns 20,769,844 shares of the electric vehicle automaker’s stock worth $409,374,000 after acquiring an additional 2,418,717 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Rivian Automotive by 496.6% during the 2nd quarter. AQR Capital Management LLC now owns 2,305,236 shares of the electric vehicle automaker’s stock worth $31,490,000 after acquiring an additional 1,918,852 shares during the period. Finally, Worldquant Millennium Advisors LLC boosted its position in shares of Rivian Automotive by 1,353.6% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,058,284 shares of the electric vehicle automaker’s stock worth $28,281,000 after acquiring an additional 1,916,686 shares in the last quarter. Institutional investors and hedge funds own 66.25% of the company’s stock.

Trending Headlines about Rivian Automotive

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

• Positive Sentiment: California’s new EV rebate could support demand for Rivian by giving first-time EV buyers a $3,500 incentive on eligible vehicles, potentially helping models priced at or below the $50,000 cap. California’s new EV incentive gives a leg up to Lucid and Rivian
• Positive Sentiment: Rivian’s stock was noted by Zacks as outperforming the broader market, reflecting continued investor interest and momentum in the shares. Rivian Automotive (RIVN) Surpasses Market Returns: Some Facts Worth Knowing
• Positive Sentiment: Morgan Stanley raised its price target on Rivian to $13 from $12, which can signal slightly improved expectations even though the firm still rates the stock “underweight.” Morgan Stanley price target update via Benzinga
• Neutral Sentiment: Analysts say Rivian’s next major stock catalyst may be updates on R2 demand at its late-July earnings report, meaning investors are waiting for proof that the new vehicle platform is gaining traction. Rivian Stock Volatility Won’t Be Tamed by Earnings
• Neutral Sentiment: Coverage around Rivian-backed ALSO, the e-bike startup, keeps the company in the news but does not directly change Rivian’s core EV outlook in the near term. Inside ALSO, the Rivian-backed e-bike startup
• Negative Sentiment: Rivian was ranked last in a quality survey, which may reinforce concerns about product perception and execution. Rivian (RIVN) Ranked Last In Quality Survey While Backing Also With DoorDash
• Negative Sentiment: Commentary on Rivian’s recent share offering and ongoing volatility suggests investors remain focused on dilution risk and uncertainty around how quickly the company can convert product launches into sustained demand. Eyes on Rivian Automotive after R2 launch and large share offering

Rivian Automotive Price Performance

Shares of NASDAQ:RIVN opened at $17.50 on Wednesday. Rivian Automotive, Inc. has a one year low of $11.57 and a one year high of $22.69. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.10 and a quick ratio of 1.64. The company has a market cap of $21.72 billion, a price-to-earnings ratio of -5.99 and a beta of 1.60. The firm has a 50 day simple moving average of $15.85 and a 200 day simple moving average of $16.15.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings results on Thursday, April 30th. The electric vehicle automaker reported ($0.55) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.60) by $0.05. Rivian Automotive had a negative net margin of 63.62% and a negative return on equity of 75.65%. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the business earned ($0.48) earnings per share. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. Research analysts predict that Rivian Automotive, Inc. will post -3.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Rivian Automotive news, Director Karen Boone sold 20,000 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $20.00, for a total value of $400,000.00. Following the completion of the transaction, the director owned 110,000 shares of the company’s stock, valued at $2,200,000. This represents a 15.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire Mcdonough sold 8,023 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $16.00, for a total value of $128,368.00. Following the completion of the transaction, the chief financial officer owned 887,007 shares of the company’s stock, valued at $14,192,112. This represents a 0.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 78,630 shares of company stock worth $1,309,504 in the last 90 days. Insiders own 1.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. UBS Group lifted their price objective on shares of Rivian Automotive from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Morgan Stanley upped their target price on Rivian Automotive from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $23.00 target price on shares of Rivian Automotive in a report on Wednesday, June 10th. Jefferies Financial Group lifted their price target on Rivian Automotive from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Finally, Tigress Financial reissued a “buy” rating and set a $25.00 price target on shares of Rivian Automotive in a report on Friday, April 10th. Twelve analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the stock. According to data from MarketBeat, Rivian Automotive currently has an average rating of “Hold” and an average target price of $18.86.

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.