Focus Partners Advisor Solutions LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 10.1% in the 4th quarter, HoldingsChannel reports. The fund owned 51,639 shares of the electric vehicle producer’s stock after acquiring an additional 4,746 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Tesla were worth $23,223,000 at the end of the most recent reporting period.
A number of other hedge funds have also made changes to their positions in TSLA. Norges Bank purchased a new position in shares of Tesla in the fourth quarter valued at $17,128,100,000. Vanguard Group Inc. increased its position in shares of Tesla by 2.6% in the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock valued at $116,443,762,000 after buying an additional 6,538,720 shares in the last quarter. Holocene Advisors LP increased its position in shares of Tesla by 132.2% in the third quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock valued at $2,738,141,000 after buying an additional 3,505,000 shares in the last quarter. Capital World Investors increased its position in shares of Tesla by 5.8% in the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock valued at $19,583,547,000 after buying an additional 2,403,019 shares in the last quarter. Finally, PFA Pension Forsikringsaktieselskab purchased a new position in shares of Tesla in the fourth quarter valued at $748,084,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: JPMorgan sharply raised its price target on Tesla and reversed part of its bearish stance, citing the company’s “physical AI” potential and long-term optionality beyond auto sales. Tesla Stock Has One Less Sell Rating. J.P. Morgan Raises Its Price Target by 228%.
- Positive Sentiment: Reports tied to SpaceX’s IPO and speculation about a possible Tesla-SpaceX connection are drawing investor attention to Elon Musk’s broader ecosystem, adding momentum to TSLA sentiment. Tesla Stock (TSLA) Rises as SpaceX IPO Nears
- Positive Sentiment: Tesla’s China retail sales reportedly jumped 22% in May, with exports also surging, reinforcing signs of improving demand in a key market. Tesla China Retail Sales Jump 22%. The Stock Is Bouncing.
- Positive Sentiment: Coverage highlighting Tesla’s robotaxi progress and autonomous-driving milestones is supporting the view that self-driving and AI could be major future growth drivers. Tesla Robotaxi takes a big step toward Elon Musk’s ultimate vision
- Neutral Sentiment: Several articles are focused on Tesla’s valuation, including whether the stock is over- or undervalued, which may keep debate high but does not add a clear fundamental catalyst. Tesla: 190x P/E Ratio Reexamined
- Neutral Sentiment: Commentary about a potential merger with SpaceX is speculative for now and may be fueling trading activity more than changing Tesla’s fundamentals. Will SpaceX Merge With Tesla? Here’s What Prediction Markets Say.
- Negative Sentiment: Some market commentary is reminding investors that Tesla still trades at a very elevated valuation, which could cap further upside if growth expectations cool. Tesla Sales in China Are Popping, But That Means Nothing If You Can’t Stomach TSLA Stock’s Absurd P/E Ratio
Tesla Stock Up 4.6%
Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business 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 last year, the company earned $0.27 earnings per share. As a group, equities research analysts anticipate that Tesla, Inc. will post 1.2 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 55,218 shares of company stock worth $20,609,455. Corporate insiders own 19.90% of the company’s stock.
Wall Street Analysts Forecast Growth
TSLA has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded Tesla from an “underperform” rating to an “outperform” rating in a research report on Friday. Canaccord Genuity Group raised their price target on Tesla from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research report on Thursday, April 23rd. Cantor Fitzgerald restated an “overweight” rating on shares of Tesla in a research report on Monday, June 1st. Finally, TD Cowen restated a “buy” rating and issued a $490.00 price target on shares of Tesla in a research report on Thursday. Twenty-two equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $404.37.
Read Our Latest Analysis on TSLA
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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