13,491 Tesla, Inc. $TSLA Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 135,430 shares of the electric vehicle producer's stock after selling 13,491 shares during the period. Tesla accounts for about 0.6% of Crossmark Global Holdings Inc.'s portfolio, making the stock its 29th biggest position. Crossmark Global Holdings Inc.'s holdings in Tesla were worth $48,052,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Income Insurance Ltd raised its holdings in shares of Tesla by 1.8% during the third quarter. Income Insurance Ltd now owns 8,923 shares of the electric vehicle producer's stock valued at $3,166,000 after purchasing an additional 160 shares during the period. Guardian Partners Inc. grew its stake in shares of Tesla by 9.2% in the 3rd quarter. Guardian Partners Inc. now owns 593 shares of the electric vehicle producer's stock valued at $210,000 after buying an additional 50 shares during the period. Strengthening Families & Communities LLC grew its stake in shares of Tesla by 1.8% in the 3rd quarter. Strengthening Families & Communities LLC now owns 7,124 shares of the electric vehicle producer's stock valued at $2,528,000 after buying an additional 126 shares during the period. Variant Private Wealth LLC increased its position in Tesla by 1.5% in the 3rd quarter. Variant Private Wealth LLC now owns 8,033 shares of the electric vehicle producer's stock valued at $2,850,000 after buying an additional 119 shares in the last quarter. Finally, Sowell Financial Services LLC increased its position in Tesla by 7.1% in the 3rd quarter. Sowell Financial Services LLC now owns 35,065 shares of the electric vehicle producer's stock valued at $12,441,000 after buying an additional 2,319 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Adjusted earnings beat expectations: Tesla reported third-quarter EPS of $0.48, above the $0.45 consensus estimate. Revenue of approximately $28.05 billion was broadly in line with forecasts, while vehicle deliveries rebounded and services revenue increased 33%. Reuters Tesla earnings report
• Positive Sentiment: Cash generation and future businesses provided support: Tesla ended the quarter with roughly $45.4 billion in cash and generated about $1.5 billion in free cash flow. The company also began producing Optimus humanoid robots in Fremont, while driverless Cybercab rides and robotaxi expansion reinforce the long-term artificial-intelligence investment case. Business Insider Optimus production report
• Neutral Sentiment: SpaceX merger remains a major valuation catalyst—but only a possibility: Independent committees at Tesla and SpaceX are evaluating a potential merger, and Elon Musk has called the idea attractive. However, Musk offered no substantive new information during Wednesday’s discussion, and the transaction would require shareholder approval and could involve stock issuance that dilutes Tesla investors. MarketWatch Tesla SpaceX merger update
• Negative Sentiment: Profitability deteriorated sharply: Operating income fell 56% year over year as spending on AI, robotics and autonomous driving increased. The quarter’s revenue was essentially flat, and investors remain concerned that Tesla’s premium valuation depends increasingly on future businesses rather than its core automotive operations. Business Insider Tesla profit report
• Negative Sentiment: Energy and automotive pressures persisted: Energy-segment revenue missed estimates by about 22%, regulatory-credit revenue declined 76%, and analysts highlighted delays or uncertainty around key growth products. These results are weighing more heavily than the modest EPS and revenue beats. Investor's Business Daily Tesla energy revenue report

Tesla Trading Up 3.4%

Shares of TSLA stock opened at $386.47 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94. The company has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 357.85, a PEG ratio of 23.73 and a beta of 1.92. Tesla, Inc. has a 52-week low of $297.38 and a 52-week high of $498.83. The company has a 50-day simple moving average of $362.72 and a two-hundred day simple moving average of $377.16.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm had revenue of $28.05 billion for the quarter, compared to analysts' expectations of $28.06 billion. During the same quarter last year, the firm earned $0.50 EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 0.71 EPS for the current fiscal year.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. This trade represents a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSLA. Robert W. Baird set a $475.00 price target on Tesla in a research note on Monday, July 27th. JPMorgan Chase & Co. reduced their price objective on Tesla from $445.00 to $415.00 and set a "neutral" rating for the company in a research note on Monday, September 28th. Tigress Financial restated a "buy" rating and set a $550.00 price objective on shares of Tesla in a report on Thursday, October 8th. Citigroup reaffirmed a "neutral" rating on shares of Tesla in a research report on Wednesday. Finally, Stifel Nicolaus set a $491.00 target price on Tesla and gave the stock a "buy" rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, sixteen have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $415.07.

Tesla Profile

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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