Swiss National Bank Has $35.08 Million Stock Position in Rivian Automotive, Inc. $RIVN

Swiss National Bank grew its position in Rivian Automotive, Inc. (NASDAQ:RIVN) by 8.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,331,000 shares of the electric vehicle automaker’s stock after acquiring an additional 176,500 shares during the quarter. Swiss National Bank’s holdings in Rivian Automotive were worth $35,082,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of RIVN. Newbridge Financial Services Group Inc. increased its position in shares of Rivian Automotive by 113.6% during the second quarter. Newbridge Financial Services Group Inc. now owns 1,880 shares of the electric vehicle automaker’s stock valued at $26,000 after purchasing an additional 1,000 shares during the period. Core Wealth Advisors LLC bought a new position in Rivian Automotive in the fourth quarter worth $27,000. SOA Wealth Advisors LLC. boosted its stake in Rivian Automotive by 894.2% during the fourth quarter. SOA Wealth Advisors LLC. now owns 1,551 shares of the electric vehicle automaker’s stock worth $31,000 after buying an additional 1,395 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Rivian Automotive during the third quarter worth $31,000. Finally, Zions Bancorporation National Association UT bought a new stake in Rivian Automotive in the 4th quarter valued at $33,000. Institutional investors and hedge funds own 66.25% of the company’s stock.

Rivian Automotive Trading Down 3.3%

RIVN stock opened at $17.18 on Thursday. The business has a fifty day moving average price of $16.24 and a 200 day moving average price of $16.03. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.10 and a quick ratio of 1.64. Rivian Automotive, Inc. has a fifty-two week low of $11.57 and a fifty-two week high of $22.69. The stock has a market capitalization of $23.38 billion, a price-to-earnings ratio of -5.88 and a beta of 1.60.

Rivian Automotive (NASDAQ:RIVN) last announced its earnings results on Thursday, April 30th. The electric vehicle automaker reported ($0.55) EPS for the quarter, topping the consensus estimate of ($0.60) by $0.05. Rivian Automotive had a negative return on equity of 75.65% and a negative net margin of 63.62%.The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter in the prior year, the business earned ($0.48) earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. Analysts expect that Rivian Automotive, Inc. will post -3.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

RIVN has been the subject of a number of recent research reports. Tigress Financial restated a “buy” rating and issued a $25.00 price objective on shares of Rivian Automotive in a research note on Friday, April 10th. Jefferies Financial Group upped their target price on shares of Rivian Automotive from $16.00 to $17.00 and gave the company a “hold” rating in a research note on Tuesday, July 7th. Benchmark reissued a “buy” rating and issued a $25.00 price target on shares of Rivian Automotive in a research report on Friday, May 1st. UBS Group raised their price target on shares of Rivian Automotive from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $23.00 price objective on shares of Rivian Automotive in a report on Wednesday, June 10th. Twelve research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and six have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.86.

Rivian Automotive News Summary

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

• Positive Sentiment: One article argues there are three big reasons to believe in Rivian long term, suggesting the company still has meaningful upside potential if it continues improving execution and scaling its business. 3 Big Reasons to Believe in Rivian Stock Long-Term
• Positive Sentiment: Another piece says Rivian has made progress on a crucial EV metric: gross profitability. That improvement is important because investors are increasingly rewarding EV makers that can show a path to sustainable margins, not just revenue growth. This Stock Is Crushing Both Lucid and Rivian in 1 Crucial Way
• Neutral Sentiment: Broader coverage of the U.S. EV industry described a harsh environment for electric vehicle startups, with shrinking market enthusiasm and heavy losses across the sector. This does not single out Rivian, but it reinforces a cautious backdrop for EV stocks. From $91B to $2.3B: The Catastrophic Collapse of America’s EV Industry
• Negative Sentiment: Tesla’s latest quarterly report missed earnings expectations, which can weigh on sentiment for the broader EV group, including Rivian, if investors interpret it as a sign of weaker demand or tougher industry conditions. Tesla (TSLA) Misses Q2 Earnings Estimates
• Negative Sentiment: Repeated coverage emphasizing the collapse of America’s EV industry could keep pressure on Rivian shares by reminding investors that the sector remains highly competitive and capital intensive. From $91B to $2.3B: The Catastrophic Collapse of America’s EV Industry

Insider Buying and Selling

In related news, CFO Claire Mcdonough sold 8,023 shares of the company’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $16.00, for a total transaction of $128,368.00. Following the transaction, the chief financial officer owned 887,007 shares in the company, valued at $14,192,112. This represents a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Boone sold 20,000 shares of the stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the sale, the director directly owned 110,000 shares in the company, valued at approximately $2,200,000. This represents a 15.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,385 shares of company stock worth $1,125,094 in the last 90 days. Corporate insiders own 1.48% of the company’s stock.

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.