Robeco Institutional Asset Management B.V. Has $3.18 Million Position in Rivian Automotive, Inc. (NASDAQ:RIVN)

Robeco Institutional Asset Management B.V. lifted its holdings in Rivian Automotive, Inc. (NASDAQ:RIVN - Free Report) by 51.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 255,695 shares of the electric vehicle automaker's stock after purchasing an additional 87,185 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Rivian Automotive were worth $3,183,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of RIVN. Dimension Capital Management LLC boosted its holdings in shares of Rivian Automotive by 5.5% during the 4th quarter. Dimension Capital Management LLC now owns 15,616 shares of the electric vehicle automaker's stock worth $208,000 after buying an additional 819 shares during the period. Tradition Wealth Management LLC grew its position in shares of Rivian Automotive by 7.2% in the fourth quarter. Tradition Wealth Management LLC now owns 12,604 shares of the electric vehicle automaker's stock valued at $168,000 after purchasing an additional 849 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Rivian Automotive by 1.5% in the first quarter. Assenagon Asset Management S.A. now owns 60,252 shares of the electric vehicle automaker's stock worth $750,000 after purchasing an additional 867 shares during the period. Oppenheimer & Co. Inc. increased its stake in shares of Rivian Automotive by 4.6% in the fourth quarter. Oppenheimer & Co. Inc. now owns 26,611 shares of the electric vehicle automaker's stock worth $354,000 after purchasing an additional 1,160 shares during the period. Finally, Freestone Capital Holdings LLC lifted its position in shares of Rivian Automotive by 4.1% during the 4th quarter. Freestone Capital Holdings LLC now owns 29,312 shares of the electric vehicle automaker's stock worth $390,000 after purchasing an additional 1,164 shares during the last quarter. 66.25% of the stock is currently owned by institutional investors.

Rivian Automotive Price Performance

Shares of Rivian Automotive stock traded up $0.39 during mid-day trading on Thursday, reaching $13.26. 11,391,663 shares of the stock were exchanged, compared to its average volume of 33,716,191. Rivian Automotive, Inc. has a fifty-two week low of $9.50 and a fifty-two week high of $18.86. The company has a market cap of $15.00 billion, a price-to-earnings ratio of -3.57 and a beta of 1.81. The firm has a 50-day simple moving average of $14.21 and a 200 day simple moving average of $13.16. The company has a current ratio of 3.73, a quick ratio of 2.80 and a debt-to-equity ratio of 0.71.

Rivian Automotive (NASDAQ:RIVN - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The electric vehicle automaker reported ($0.57) earnings per share for the quarter, topping the consensus estimate of ($0.80) by $0.23. Rivian Automotive had a negative net margin of 76.83% and a negative return on equity of 60.64%. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $981.52 million. During the same quarter last year, the business posted ($1.48) earnings per share. The company's revenue was up 3.0% on a year-over-year basis. On average, sell-side analysts predict that Rivian Automotive, Inc. will post -3.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RIVN. Cantor Fitzgerald reaffirmed a "neutral" rating and issued a $15.00 target price on shares of Rivian Automotive in a report on Wednesday, May 7th. Jefferies Financial Group reaffirmed a "hold" rating and set a $16.00 target price on shares of Rivian Automotive in a research report on Wednesday, May 14th. Wedbush reduced their price target on shares of Rivian Automotive from $20.00 to $18.00 and set an "outperform" rating for the company in a report on Wednesday, May 7th. TD Cowen initiated coverage on shares of Rivian Automotive in a research report on Friday, March 7th. They issued a "hold" rating and a $12.70 price target on the stock. Finally, Cowen began coverage on shares of Rivian Automotive in a research report on Thursday, March 6th. They set a "hold" rating for the company. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $14.38.

Insiders Place Their Bets

In other Rivian Automotive news, CEO Robert J. Scaringe sold 71,428 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $15.36, for a total value of $1,097,134.08. Following the transaction, the chief executive officer owned 1,483,111 shares of the company's stock, valued at approximately $22,780,584.96. The trade was a 4.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Claire Mcdonough sold 17,185 shares of the stock in a transaction on Friday, May 16th. The stock was sold at an average price of $15.39, for a total value of $264,477.15. Following the sale, the chief financial officer owned 824,875 shares in the company, valued at $12,694,826.25. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 312,836 shares of company stock valued at $4,357,459 over the last ninety days. Insiders own 2.16% of the company's stock.

About Rivian Automotive

Rivian Automotive, Inc, together with its subsidiaries, designs, develops, manufactures, and sells electric vehicles and accessories. The company offers consumer vehicles, including a two-row, five-passenger pickup truck under the R1T brand, a three-row, seven-passenger sport utility vehicle under the R1S name.