43,267 Tesla, Inc. $TSLA Shares Bought by Ethic Inc.

Key Points

• Ethic Inc. increased its Tesla stake by 22.2% in the third quarter, buying 43,267 shares and bringing its holdings to 238,044 shares, valued at about $84.46 million.
• Tesla reported quarterly EPS of $0.48, above the $0.46 consensus estimate, while revenue of $28.05 billion was just below expectations and down 0.2% year over year.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $414.51; recent rating changes included Barclays raising its target to $450.

Ethic Inc. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 22.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 238,044 shares of the electric vehicle producer's stock after purchasing an additional 43,267 shares during the period. Tesla makes up 0.9% of Ethic Inc.'s portfolio, making the stock its 13th biggest holding. Ethic Inc.'s holdings in Tesla were worth $84,460,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Legal & General Group Plc acquired a new stake in Tesla during the second quarter valued at approximately $8,535,612,000. Bank of New York Mellon Corp bought a new stake in Tesla during the second quarter worth approximately $6,083,630,000. Deutsche Bank AG bought a new stake in Tesla during the second quarter worth approximately $4,039,090,000. Canada Pension Plan Investment Board acquired a new position in Tesla in the second quarter worth approximately $3,144,509,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Tesla in the second quarter worth approximately $2,995,584,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the sale, the chief financial officer directly owned 25,972 shares of the company's stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 20.00% of the company's stock.

Tesla Stock Performance

Tesla stock opened at $358.22 on Friday. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The firm's 50 day simple moving average is $372.14 and its 200-day simple moving average is $384.35. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.74 and a quick ratio of 1.39. The company has a market cap of $1.42 trillion, a P/E ratio of 393.65, a price-to-earnings-growth ratio of 22.19 and a beta of 1.74.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 EPS for the quarter, beating the consensus estimate of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business had revenue of $28.05 billion during the quarter, compared to the consensus estimate of $28.06 billion. During the same quarter in the prior year, the firm earned $0.50 EPS. The firm's quarterly revenue was down .2% on a year-over-year basis. As a group, equities research analysts predict that Tesla, Inc. will post 0.67 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. BNP Paribas Exane upgraded Tesla from an "underperform" rating to a "neutral" rating and increased their price objective for the company from $266.00 to $420.00 in a research report on Thursday, October 22nd. BMO Capital Markets initiated coverage on Tesla in a research note on Monday, August 17th. They set an "outperform" rating for the company. DZ Bank upgraded Tesla from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 23rd. Barclays raised Tesla from an "outperform" rating to an "overweight" rating and boosted their target price for the stock from $370.00 to $450.00 in a research report on Monday, October 26th. Finally, Oppenheimer assumed coverage on Tesla in a report on Thursday, October 22nd. They set an "outperform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $414.51.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Elon Musk said Tesla plans to wind down Cybertruck production at its Texas factory around mid-2027 to make room for more Cybercab robotaxis. Investors may see the move as reallocating capacity toward Tesla’s autonomous-driving ambitions; the truck accounted for less than 2% of third-quarter deliveries. CNBC article
• Positive Sentiment: A new AI-accelerator roadmap was also highlighted as a catalyst for the stock, reinforcing investor interest in Tesla’s AI strategy beyond vehicle sales. TipRanks article
• Neutral Sentiment: EV shares broadly rebounded after the sector’s post-election sell-off, offering a market-level tailwind for Tesla. 247WallSt article
• Negative Sentiment: The production wind-down underscores Cybertruck demand and execution challenges: reports cite sharply lower sales, delays, quality issues, and multiple recalls. The Cybercab opportunity is not yet proven and depends on regulatory clearance, customer adoption, and viable economics. Reuters article

About Tesla

Tesla, Inc designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services.

The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles.

Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.

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