New Age Alpha Advisors LLC increased its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,329 shares of the electric vehicle producer’s stock after buying an additional 6,931 shares during the period. Tesla accounts for approximately 0.9% of New Age Alpha Advisors LLC’s investment portfolio, making the stock its 9th biggest holding. New Age Alpha Advisors LLC’s holdings in Tesla were worth $21,735,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in the company. HBK Sorce Advisory LLC grew its stake in shares of Tesla by 1.0% in the 4th quarter. HBK Sorce Advisory LLC now owns 25,221 shares of the electric vehicle producer’s stock valued at $10,369,000 after buying an additional 258 shares during the period. Allen Capital Group LLC grew its stake in shares of Tesla by 5.9% in the 4th quarter. Allen Capital Group LLC now owns 6,917 shares of the electric vehicle producer’s stock valued at $3,111,000 after buying an additional 388 shares during the period. Hantz Financial Services Inc. grew its stake in shares of Tesla by 16.8% in the 4th quarter. Hantz Financial Services Inc. now owns 27,753 shares of the electric vehicle producer’s stock valued at $12,481,000 after buying an additional 4,000 shares during the period. Van Cleef Asset Management Inc acquired a new stake in shares of Tesla in the 4th quarter valued at about $1,275,000. Finally, LifePlan Investment Advisors Inc. grew its stake in shares of Tesla by 17.9% in the 4th quarter. LifePlan Investment Advisors Inc. now owns 1,293 shares of the electric vehicle producer’s stock valued at $581,000 after buying an additional 196 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 83,213 shares of company stock worth $32,201,105 in the last ninety days. 19.90% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on TSLA
Tesla Stock Performance
NASDAQ:TSLA opened at $426.01 on Monday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.60 trillion, a PE ratio of 390.83, a price-to-earnings-growth ratio of 16.82 and a beta of 1.79. The firm’s 50 day moving average is $387.76 and its 200 day moving average is $416.55. 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 posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $22.39 billion for the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. Tesla’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 EPS. Sell-side analysts expect that Tesla, Inc. will post 1.2 earnings per share for the current year.
Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla’s Full Self-Driving rollout in China and subscription-based FSD availability in Europe bolster the case that autonomy could become a bigger growth driver. Article Title
- Positive Sentiment: Some analysts and commentators continue to frame Tesla as a robotics and AI company, with bullish chatter around Optimus and the company’s long-term pivot away from being just an automaker. Article Title
- Neutral Sentiment: SpaceX’s IPO has dominated investor attention, and while it highlights Musk’s ecosystem, the market is debating whether it will ultimately help Tesla or distract capital and attention away from TSLA. Article Title
- Negative Sentiment: Reuters reported Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, adding another quality-control issue to the stock’s recent concerns. Article Title
- Negative Sentiment: Several articles warn that Tesla’s valuation remains stretched and that FSD still faces execution questions, with critics saying the technology is not yet ready to justify the stock’s premium. Article Title
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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