41,591 Shares in Rivian Automotive, Inc. $RIVN Acquired by Diversify Wealth Management LLC

Diversify Wealth Management LLC bought a new position in Rivian Automotive, Inc. (NASDAQ:RIVN) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,591 shares of the electric vehicle automaker’s stock, valued at approximately $668,000.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp raised its stake in Rivian Automotive by 198.8% during the first quarter. Fifth Third Bancorp now owns 20,000 shares of the electric vehicle automaker’s stock worth $301,000 after purchasing an additional 13,307 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Rivian Automotive by 26.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 32,654 shares of the electric vehicle automaker’s stock valued at $491,000 after buying an additional 6,807 shares during the period. Hsbc Holdings PLC increased its holdings in shares of Rivian Automotive by 55.8% during the 1st quarter. Hsbc Holdings PLC now owns 3,097,836 shares of the electric vehicle automaker’s stock worth $46,625,000 after buying an additional 1,109,171 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of Rivian Automotive by 41.6% during the 1st quarter. Kestra Advisory Services LLC now owns 108,360 shares of the electric vehicle automaker’s stock worth $1,631,000 after buying an additional 31,837 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. raised its position in shares of Rivian Automotive by 5.1% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 245,818 shares of the electric vehicle automaker’s stock worth $3,678,000 after buying an additional 11,920 shares during the period. 66.25% of the stock is currently owned by hedge funds and other institutional investors.

Rivian Automotive Stock Performance

Shares of RIVN stock opened at $17.09 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. The company has a market cap of $21.21 billion, a PE ratio of -5.85 and a beta of 1.60. The company’s fifty day simple moving average is $15.98 and its 200-day simple moving average is $16.10. Rivian Automotive, Inc. has a 52 week low of $11.57 and a 52 week high of $22.69.

Rivian Automotive (NASDAQ:RIVN) last announced its quarterly earnings results on Thursday, April 30th. The electric vehicle automaker reported ($0.55) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same period in the prior year, the company earned ($0.48) EPS. The firm’s revenue was up 11.4% on a year-over-year basis. As a group, equities research analysts anticipate that Rivian Automotive, Inc. will post -3.06 EPS for the current year.

Insider Transactions at Rivian Automotive

In other news, 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 value of $400,000.00. Following the completion of the sale, the director owned 110,000 shares in the company, valued at approximately $2,200,000. This trade represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Robert J. Scaringe sold 34,818 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $15.00, for a total value of $522,270.00. Following the completion of the sale, the chief executive officer owned 922,286 shares of the company’s stock, valued at approximately $13,834,290. This trade represents a 3.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 78,630 shares of company stock valued at $1,309,504 over the last quarter. Company insiders own 1.48% of the company’s stock.

Rivian Automotive News Summary

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

• Positive Sentiment: Rivian’s $1.16 billion equity raise and higher 2026 guidance eased some liquidity concerns and sparked a rebound in the shares. Rivian Automotive (RIVN) Is Up 6.8% After $1.16 Billion Equity Raise And Higher 2026 Guidance
• Positive Sentiment: UBS increased its price target on Rivian, signaling improved analyst confidence in the company’s outlook. UBS Raises its Price Target on Rivian Automotive (RIVN)
• Neutral Sentiment: Barclays maintained a Hold rating on Rivian, suggesting a cautious but not outright negative stance. Barclays Keeps Their Hold Rating on Rivian Automotive (RIVN)
• Neutral Sentiment: Commentary comparing Rivian with Tesla argues Rivian’s R2 launch could make it the more compelling EV name, but the piece is opinion-based and not direct company news. Tesla and Rivian Are Both Down 12%. Here’s the Better Buy for the Second Half of 2026.
• Negative Sentiment: Rivian’s shares have also been weighed down by concerns over a difficult EV market, increased spending, and a recent stock offering that some investors see as a sign of ongoing financing pressure. Down 18%, Should You Buy Rivian Stock After Its Biggest 1-Day Drop Since November 2024?
• Negative Sentiment: A separate article said Rivian fell earlier this year because investors were disappointed by the EV environment and higher spending needs. Why Rivian Stock Fell 12% in the First Half of 2026

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RIVN. Needham & Company LLC reiterated a “buy” rating and issued a $23.00 target price on shares of Rivian Automotive in a report on Wednesday, June 10th. Morgan Stanley upped their price target on Rivian Automotive from $12.00 to $13.00 and gave the stock an “underweight” rating in a research note on Tuesday. Benchmark restated a “buy” rating and issued a $25.00 price objective on shares of Rivian Automotive in a report on Friday, May 1st. Wall Street Zen raised Rivian Automotive from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, Tigress Financial reiterated a “buy” rating and set a $25.00 target price on shares of Rivian Automotive in a report on Friday, April 10th. Twelve equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and six have given a Sell rating to the company’s stock. According to MarketBeat.com, Rivian Automotive presently has an average rating of “Hold” and a consensus 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.