Savant Capital LLC Has $1.41 Million Stock Position in Rivian Automotive, Inc. (NASDAQ:RIVN)

Savant Capital LLC lessened its position in shares of Rivian Automotive, Inc. (NASDAQ:RIVN - Free Report) by 41.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,217 shares of the electric vehicle automaker's stock after selling 75,944 shares during the quarter. Savant Capital LLC's holdings in Rivian Automotive were worth $1,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Tandem Financial LLC acquired a new stake in Rivian Automotive during the fourth quarter worth $25,000. Wilmington Savings Fund Society FSB bought a new position in shares of Rivian Automotive during the 3rd quarter worth about $28,000. GHP Investment Advisors Inc. boosted its position in shares of Rivian Automotive by 63.2% during the 3rd quarter. GHP Investment Advisors Inc. now owns 2,588 shares of the electric vehicle automaker's stock valued at $29,000 after acquiring an additional 1,002 shares in the last quarter. American Capital Advisory LLC increased its stake in Rivian Automotive by 267.6% in the third quarter. American Capital Advisory LLC now owns 2,900 shares of the electric vehicle automaker's stock valued at $33,000 after acquiring an additional 2,111 shares during the period. Finally, Hantz Financial Services Inc. raised its position in Rivian Automotive by 2,636.4% in the third quarter. Hantz Financial Services Inc. now owns 3,010 shares of the electric vehicle automaker's stock worth $34,000 after purchasing an additional 2,900 shares in the last quarter. 66.25% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

RIVN has been the topic of a number of recent research reports. Baird R W downgraded Rivian Automotive from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $13.00 price target on shares of Rivian Automotive in a research note on Monday, January 6th. The Goldman Sachs Group increased their price objective on Rivian Automotive from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Needham & Company LLC reduced their target price on shares of Rivian Automotive from $18.00 to $14.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Finally, Guggenheim dropped their target price on shares of Rivian Automotive from $21.00 to $18.00 and set a "buy" rating for the company in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.13.

Rivian Automotive Trading Up 5.5 %

RIVN stock traded up $0.73 during midday trading on Monday, reaching $14.03. The stock had a trading volume of 33,856,768 shares, compared to its average volume of 27,819,302. The firm has a market cap of $14.32 billion, a price-to-earnings ratio of -2.51 and a beta of 2.04. Rivian Automotive, Inc. has a twelve month low of $8.26 and a twelve month high of $18.85. The company has a quick ratio of 3.70, a current ratio of 5.09 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $13.59 and a two-hundred day simple moving average of $12.52.

Insider Activity

In other Rivian Automotive news, CFO Claire Mcdonough sold 18,501 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $15.00, for a total value of $277,515.00. Following the transaction, the chief financial officer now owns 351,900 shares of the company's stock, valued at approximately $5,278,500. This represents a 4.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert J. Scaringe sold 83,334 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $11.25, for a total value of $937,507.50. Following the transaction, the chief executive officer now owns 863,361 shares in the company, valued at approximately $9,712,811.25. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 359,932 shares of company stock valued at $4,926,664. 2.51% of the stock is currently owned by insiders.

Rivian Automotive Company Profile

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.