Freemont Management S.A. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 197.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 23,200 shares of the electric vehicle producer’s stock after purchasing an additional 15,400 shares during the quarter. Tesla accounts for about 1.8% of Freemont Management S.A.’s investment portfolio, making the stock its 15th biggest holding. Freemont Management S.A.’s holdings in Tesla were worth $10,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its stake in shares of Tesla by 11.8% during the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after acquiring an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Tesla by 21.2% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after purchasing an additional 931 shares in the last quarter. Bison Wealth LLC boosted its holdings in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after purchasing an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC grew its position in Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock valued at $3,855,000 after purchasing an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC increased its stake in Tesla by 21.2% in the 2nd quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock valued at $1,544,000 after buying an additional 851 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.
Insider Activity at Tesla
In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $397.03, for a total value of $898,875.92. Following the sale, the chief financial officer owned 18,106 shares in the company, valued at $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the sale, the director owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 80,213 shares of company stock worth $30,851,105 in the last 90 days. Corporate insiders own 19.90% of the company’s stock.
Tesla News Roundup
- Positive Sentiment: Tesla was authorized to test supervised self-driving software on public roads in Belgium, adding another regulatory step forward for its autonomy strategy. Tesla authorised to test supervised self-driving software in Belgium
- Positive Sentiment: Tesla said it will invest nearly $250 million to expand battery-cell production at its Berlin factory, which could support European output and longer-term growth. Tesla to invest $250 million in battery plant outside Berlin
- Positive Sentiment: Shares also benefited from stronger sentiment around Tesla’s AI, robotaxi, and Optimus initiatives, which remain a major part of the stock’s valuation story. Tesla’s AI Chip Pivot Reshapes Valuation Story For NasdaqGS TSLA
- Neutral Sentiment: Wall Street commentary remained mixed, with some firms keeping neutral or sell ratings even as price targets were adjusted. Phillip Securities adjusts price target on Tesla
- Neutral Sentiment: Broader market strength in technology stocks also lifted Tesla alongside other megacap names. Nasdaq, S&P 500 Hit Fresh Highs as Tech Stocks Rise
- Negative Sentiment: Some reports highlighted lingering concerns about Tesla’s China sales, robotaxi rollout issues, and execution risk, which could temper enthusiasm. Tesla’s robotaxi rollout features Texas-sized wait times
Tesla Price Performance
NASDAQ:TSLA opened at $445.18 on Thursday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. The stock’s 50 day moving average price is $385.07 and its two-hundred day moving average price is $418.18. The firm has a market capitalization of $1.67 trillion, a price-to-earnings ratio of 408.42, a P/E/G ratio of 17.18 and a beta of 1.79. Tesla, Inc. has a 12-month low of $273.21 and a 12-month high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. On average, analysts anticipate that Tesla, Inc. will post 1.2 earnings per share for the current year.
Analyst Ratings Changes
TSLA has been the topic of several analyst reports. DZ Bank raised shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target on the stock in a research report on Friday, April 24th. Barclays reaffirmed a “neutral” rating on shares of Tesla in a research report on Wednesday. Morgan Stanley set a $415.00 target price on Tesla and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Finally, Piper Sandler reiterated an “overweight” rating on shares of Tesla in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $398.29.
Read Our Latest Report on Tesla
Tesla Profile
Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.
Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.
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