Kestra Advisory Services LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA – Free Report) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 330,606 shares of the electric vehicle producer’s stock after purchasing an additional 9,255 shares during the quarter. Kestra Advisory Services LLC’s holdings in Tesla were worth $117,302,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of TSLA. Bamco Inc. NY grew its holdings in shares of Tesla by 5.0% during the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer’s stock valued at $5,267,911,000 after purchasing an additional 591,243 shares during the last quarter. One Plus One Wealth Management LLC purchased a new position in Tesla in the 2nd quarter worth $1,009,000. Bessemer Group Inc. lifted its stake in Tesla by 23.6% in the first quarter. Bessemer Group Inc. now owns 56,240 shares of the electric vehicle producer’s stock worth $20,908,000 after purchasing an additional 10,747 shares during the last quarter. H&H International Investment LLC bought a new stake in Tesla in the first quarter worth $1,267,259,000. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Tesla by 12.4% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 43,600 shares of the electric vehicle producer’s stock valued at $15,470,000 after buying an additional 4,806 shares during the period. 66.20% of the stock is currently owned by institutional investors.
Tesla News Roundup
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Tesla registrations reportedly jumped in several European markets, including a 248% increase in Sweden, as higher fuel prices may be encouraging EV purchases. However, Chinese rivals are also gaining ground. Tesla registrations in Europe
- Neutral Sentiment: Tesla opened a Berlin engineering center and has expanded its Robotaxi service to Fort Worth, with FSD subscriptions reportedly above 1.7 million. These are potential longer-term growth drivers, but investors are questioning how much of the autonomy opportunity is already reflected in the stock’s valuation. Tesla opens Berlin engineering center Robotaxi valuation
- Negative Sentiment: The main near-term catalyst is the Democratic sweep in the midterms, including gains in Texas. Investors fear increased investigations and stricter oversight could complicate Tesla’s data-center and AI ambitions, while also adding uncertainty to a possible Tesla–SpaceX merger. Election results and Tesla’s outlook
- Negative Sentiment: Merger concerns are compounded by possible dilution: investor Gary Black warned that a reported premium in an all-stock deal could quickly disappear if the companies’ shares fall. Investor warns on merger premium
- Negative Sentiment: Investors are also weighing Tesla’s elevated valuation against pressured earnings and margins and rising spending. GLJ Research reaffirmed its “sell” rating, reinforcing concerns that expectations for Robotaxi and Optimus may be running ahead of current results. GLJ Research rating
Analysts Set New Price Targets
A number of research analysts have recently issued reports on TSLA shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $485.00 price objective on shares of Tesla in a research note on Monday, October 19th. KeyCorp upgraded Tesla to a “sector weight” rating in a report on Monday, September 28th. Roth Capital reissued a “buy” rating and issued a $505.00 target price on shares of Tesla in a research note on Thursday, July 23rd. Robert W. Baird set a $475.00 target price on Tesla in a report on Monday, July 27th. Finally, Canaccord Genuity Group set a $442.00 price target on Tesla and gave the stock a “buy” rating in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $414.51.
View Our Latest Research Report on Tesla
Tesla Trading Down 10.8%
NASDAQ:TSLA opened at $343.69 on Friday. The firm has a market capitalization of $1.36 trillion, a P/E ratio of 377.69, a P/E/G ratio of 23.86 and a beta of 1.74. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09. The company has a fifty day moving average of $372.07 and a 200 day moving average of $384.65. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83.
Tesla (NASDAQ:TSLA – Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $28.05 billion for the quarter, compared to analyst estimates of $28.06 billion. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 EPS. On average, research analysts predict that Tesla, Inc. will post 0.67 earnings per share for the current year.
Insider Activity at Tesla
In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at approximately $9,353,296.36. This represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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. Company insiders own 20.00% of the company’s stock.
About Tesla
Tesla, Inc is an electric vehicle and clean energy company headquartered in Austin, Texas. Founded in 2003, the company designs, manufactures and sells electric vehicles, including the Model S, Model 3, Model X, Model Y and Cybertruck. Tesla also develops vehicle software, driver-assistance features and related services intended to support the operation and ownership of its vehicles.
Beyond automobiles, Tesla produces energy storage products for residential, commercial and utility-scale applications, including the Powerwall and Megapack.
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