Circle Wealth Management LLC Acquires New Holdings in Rivian Automotive, Inc. $RIVN

Circle Wealth Management LLC acquired a new stake in shares of Rivian Automotive, Inc. (NASDAQ:RIVN) during the fourth quarter, HoldingsChannel reports. The fund acquired 82,999 shares of the electric vehicle automaker’s stock, valued at approximately $1,636,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Illinois Municipal Retirement Fund lifted its position in Rivian Automotive by 1.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 43,282 shares of the electric vehicle automaker’s stock valued at $853,000 after purchasing an additional 686 shares during the period. Merit Financial Group LLC lifted its position in Rivian Automotive by 3.2% during the fourth quarter. Merit Financial Group LLC now owns 23,127 shares of the electric vehicle automaker’s stock valued at $456,000 after purchasing an additional 718 shares during the period. Geneos Wealth Management Inc. lifted its position in Rivian Automotive by 36.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 2,764 shares of the electric vehicle automaker’s stock valued at $54,000 after purchasing an additional 739 shares during the period. Tradition Wealth Management LLC lifted its position in Rivian Automotive by 5.7% during the fourth quarter. Tradition Wealth Management LLC now owns 14,056 shares of the electric vehicle automaker’s stock valued at $277,000 after purchasing an additional 753 shares during the period. Finally, Prospera Financial Services Inc lifted its position in Rivian Automotive by 5.2% during the third quarter. Prospera Financial Services Inc now owns 15,803 shares of the electric vehicle automaker’s stock valued at $232,000 after purchasing an additional 775 shares during the period. Institutional investors own 66.25% of the company’s stock.

Rivian Automotive Stock Up 7.9%

RIVN opened at $16.76 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.64 and a debt-to-equity ratio of 1.00. Rivian Automotive, Inc. has a 1-year low of $11.57 and a 1-year high of $22.69. The company has a market capitalization of $20.80 billion, a PE ratio of -5.74 and a beta of 1.62. The firm’s 50 day simple moving average is $15.55 and its two-hundred day simple moving average is $16.37.

Rivian Automotive News Summary

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

• Positive Sentiment: Rivian began customer deliveries of its R2 SUV, a milestone that supports the company’s push into the mass market and has renewed investor optimism about future demand. Is Rivian Stock A Buy Now? Inside The R2 SUV Delivery Milestone And 2026 Guidance
• Positive Sentiment: Analysts and market commentary suggest the R2 launch could help challenge the view that U.S. consumers are “anti-EV,” since Rivian may now offer a more compelling and accessible vehicle choice. Rivian CEO Says Americans Aren’t Anti-EV, There’s Just ‘Few Great Choices’: How R2 Launch Could Help
• Neutral Sentiment: AT&T expanded its partnership with Rivian to provide 5G connectivity for the R2 platform, which supports the vehicle’s software-defined features but is not a major near-term financial catalyst on its own. AT&T (T) Expands Partnership With Rivian (RIVN) to Provide 5G Connectivity for R2 Platform
• Neutral Sentiment: Several analyst-focused pieces are highlighting Rivian’s valuation and the importance of the R2 launch, reinforcing that the stock is being driven by expectations around execution rather than immediate earnings results. Rivian (RIVN) Stock Valuation After R2 SUV Deliveries And Growing Profitability Concerns
• Negative Sentiment: Despite the R2 excitement, concerns remain about slowing revenue growth, profitability, and recent stock volatility, which could limit upside if deliveries or margins disappoint. Why Rivian Automotive (RIVN) Dipped More Than Broader Market Today

Analyst Ratings Changes

A number of research analysts recently weighed in on RIVN shares. Canaccord Genuity Group restated a “buy” rating and set a $22.00 price objective on shares of Rivian Automotive in a research report on Monday, April 6th. Weiss Ratings upgraded shares of Rivian Automotive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 3rd. TD Cowen reiterated a “buy” rating and issued a $20.00 price target on shares of Rivian Automotive in a research report on Wednesday, June 3rd. Bank of America initiated coverage on shares of Rivian Automotive in a research report on Wednesday, March 4th. They issued an “underperform” rating and a $14.00 price target on the stock. Finally, Tigress Financial reiterated a “buy” rating and issued a $25.00 price target on shares of Rivian Automotive in a research report on Friday, April 10th. Twelve investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.57.

Insider Buying and Selling at Rivian Automotive

In other Rivian Automotive news, CEO Robert J. Scaringe sold 34,818 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $15.00, for a total transaction of $522,270.00. Following the sale, the chief executive officer directly owned 922,286 shares of the company’s stock, valued at $13,834,290. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Claire Mcdonough sold 8,023 shares of the firm’s 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 sale, the chief financial officer directly owned 887,007 shares in the company, valued at approximately $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 a total of 117,790 shares of company stock worth $1,832,466 over the last 90 days. Insiders own 1.48% of the company’s stock.

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.