First Trust Advisors LP Has $46.12 Million Holdings in Rivian Automotive, Inc. $RIVN

Key Points

• First Trust Advisors LP increased its stake in Rivian by 13.1% to 3,141,462 shares, worth about $46.12 million, representing roughly 0.26% of the company.
• Analyst coverage is mixed with a consensus Hold and an average target of $18 (10 Buys, 8 Holds, 7 Sells), while catalysts cited include the upcoming R2 launch and the Rivian spinout Mind Robotics raising $500M at an implied ~$2B valuation.
• Corporate insiders have been net sellers—CEO Robert Scaringe sold 34,900 shares and insiders sold 135,488 shares in the past 90 days—while Rivian remains unprofitable, with revenue down 25.8% year‑over‑year and large negative margins.

First Trust Advisors LP boosted its holdings in Rivian Automotive, Inc. (NASDAQ:RIVN - Free Report) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,141,462 shares of the electric vehicle automaker's stock after acquiring an additional 364,802 shares during the quarter. First Trust Advisors LP owned 0.26% of Rivian Automotive worth $46,117,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings 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 in the last quarter. Newbridge Financial Services Group Inc. lifted its holdings 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 valued at $26,000 after purchasing an additional 1,000 shares in the last quarter. Mather Group LLC. purchased a new position in shares of Rivian Automotive during the third quarter valued at approximately $30,000. Hemington Wealth Management boosted its holdings in Rivian Automotive by 291.0% during the 3rd quarter. Hemington Wealth Management now owns 2,123 shares of the electric vehicle automaker's stock worth $31,000 after acquiring an additional 1,580 shares during the last quarter. Finally, WealthCollab LLC grew its position in Rivian Automotive by 98.4% in the 2nd quarter. WealthCollab LLC now owns 3,126 shares of the electric vehicle automaker's stock worth $43,000 after purchasing an additional 1,550 shares in the last quarter. Institutional investors and hedge funds own 66.25% of the company's stock.

Analysts Set New Price Targets

RIVN has been the subject of several research analyst reports. Wedbush restated an "outperform" rating and set a $25.00 price target on shares of Rivian Automotive in a research note on Friday, February 13th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Rivian Automotive in a research note on Thursday, January 22nd. Wolfe Research downgraded shares of Rivian Automotive from a "peer perform" rating to an "underperform" rating in a report on Monday, January 12th. Jefferies Financial Group reiterated a "hold" rating and issued a $15.00 target price on shares of Rivian Automotive in a research note on Tuesday, March 3rd. Finally, Wall Street Zen downgraded shares of Rivian Automotive from a "hold" rating to a "strong sell" rating in a report on Sunday, February 15th. Ten equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and seven have issued a Sell rating to the company's stock. According to data from MarketBeat, Rivian Automotive has a consensus rating of "Hold" and an average target price of $18.00.

Insiders Place Their Bets

In other news, CEO Robert J. Scaringe sold 34,900 shares of the business's stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $16.80, for a total value of $586,320.00. Following the completion of the sale, the chief executive officer directly owned 1,044,731 shares in the company, valued at approximately $17,551,480.80. The trade was a 3.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Peter Krawiec sold 3,655 shares of the company's stock in a transaction on Monday, December 15th. The shares were sold at an average price of $19.45, for a total transaction of $71,089.75. Following the completion of the sale, the director directly owned 29,122 shares of the company's stock, valued at $566,422.90. This trade represents a 11.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 135,488 shares of company stock valued at $2,369,819. 2.16% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Rivian Automotive

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

• Positive Sentiment: TD Cowen upgraded RIVN to Buy and raised its price target to $20, citing the upcoming R2 as a major catalyst and pointing to vehicle cost improvements that support a stronger revenue/profit outlook. Read More.
• Positive Sentiment: Mind Robotics, a Rivian spinout focused on AI and factory robotics, raised $500M in Series A funding at about a $2B valuation—validating Rivian’s non-vehicle tech and creating a potential source of value and IP monetization for shareholders. Read More.
• Positive Sentiment: Multiple analyst notes and media pieces highlight the R2 launch (mass‑market midsize SUV) as a potential game changer that could expand Rivian’s addressable market, boost volumes and improve per‑vehicle economics; that narrative is driving recent upgrades and price‑target increases. Read More.
• Neutral Sentiment: Coverage is mixed across outlets—some analysts remain cautious despite the R2 story, noting execution risk on the ramp and competitive pressure in the affordable‑EV segment. Read More.
• Neutral Sentiment: Rivian is using events (SXSW, R2 reveals) to drum up consumer interest and media coverage ahead of deliveries; useful for demand signaling but still dependent on delivery/execution metrics. Read More.
• Negative Sentiment: Rivian remains unprofitable with revenue that has contracted year‑over‑year and a large negative net margin; the company still carries leverage and faces an overall cooling EV market and pricing competition—risks that could undercut upside if R2 execution slips. (See company quarterly results and financial metrics in recent filings.)

Rivian Automotive Stock Up 0.7%

Shares of NASDAQ:RIVN opened at $16.65 on Thursday. The firm has a fifty day moving average of $16.29 and a 200 day moving average of $15.75. Rivian Automotive, Inc. has a 52-week low of $10.36 and a 52-week high of $22.69. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.89 and a current ratio of 2.33. The firm has a market capitalization of $20.66 billion, a PE ratio of -5.42 and a beta of 1.75.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The electric vehicle automaker reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.68) by $0.02. The firm 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%.The company's revenue was down 25.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.70) EPS. As a group, research analysts anticipate that Rivian Automotive, Inc. will post -3.2 EPS for the current fiscal year.

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.

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