Contrarius Group Holdings Ltd lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 518,188 shares of the electric vehicle producer’s stock after selling 14,533 shares during the period. Tesla accounts for approximately 11.3% of Contrarius Group Holdings Ltd’s investment portfolio, making the stock its 2nd biggest position. Contrarius Group Holdings Ltd’s holdings in Tesla were worth $233,040,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Tesla during the fourth quarter worth approximately $17,128,100,000. Vanguard Group Inc. raised its stake in Tesla by 2.6% in the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after purchasing an additional 6,538,720 shares during the last quarter. Holocene Advisors LP raised its stake in Tesla by 132.2% in the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock valued at $2,738,141,000 after purchasing an additional 3,505,000 shares during the last quarter. Capital World Investors grew its holdings in shares of Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new stake in shares of Tesla during the fourth quarter worth $748,084,000. Institutional investors and hedge funds own 66.20% of the company’s stock.
Tesla Stock Performance
NASDAQ:TSLA opened at $391.00 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The firm has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 358.72, a PEG ratio of 15.44 and a beta of 1.80. The company’s 50-day moving average is $395.33 and its two-hundred day moving average is $416.11. Tesla, Inc. has a 1-year low of $281.85 and a 1-year high of $498.83.
Wall Street Analysts Forecast Growth
TSLA has been the topic of several research reports. Benchmark reissued a “buy” rating on shares of Tesla in a research note on Wednesday, February 11th. BTIG Research downgraded shares of Tesla to a “neutral” rating in a report on Friday. Deutsche Bank Aktiengesellschaft started coverage on shares of Tesla in a report on Friday. They issued a “buy” rating for the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of Tesla in a report on Monday, April 27th. Twenty-two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $404.37.
Check Out Our Latest Report on Tesla
Key Stories Impacting Tesla
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: J.P. Morgan upgraded Tesla and said the company’s long-term story is being driven by autonomous driving and robotics, which is a meaningful endorsement from a former bear. JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth
- Positive Sentiment: Broader commentary around Tesla’s AI and robotics ambitions, including Optimus and robotaxi progress, is reinforcing the bullish case that Tesla could be valued more like an AI platform than a carmaker. J.P. Morgan Upgrades Tesla Stock (TSLA) to ‘Neutral,’ Says ‘TSLA Is at the Forefront of Physical AI’
- Positive Sentiment: Some reports point to improving vehicle sales and stronger autonomous-driving momentum, including expansion of Tesla’s robotaxi service in Austin and rising global EV sales led by Tesla. Global Electric Vehicle Sales Rose 16% in April, Led by Tesla (TSLA)
- Neutral Sentiment: SpaceX’s huge IPO and Elon Musk-related headlines are boosting attention on Musk’s broader empire, but they are not direct operating catalysts for Tesla’s core business. SpaceX targets $135 IPO price at valuation of $1.77 trillion
- Negative Sentiment: Tesla remains vulnerable to valuation concerns, with multiple pieces noting that the stock price already reflects a lot of future AI and robotics success before those profits are proven. Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
- Negative Sentiment: There are also recurring concerns about competition, robotaxi execution, and softer short-term trading sentiment, which may limit upside even after the upgrade. More Unfortunate News for Tesla Stock Investors
Insiders Place Their Bets
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 owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 trade represents a 35.30% decrease in their position. 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 have sold 55,218 shares of company stock worth $20,609,455 over the last 90 days. 19.90% of the stock is owned by insiders.
Tesla Company 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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