6,729 Shares of Tesla, Inc. $TSLA Acquired by Bernicke Wealth Management Ltd.

Key Points

• Bernicke Wealth Management acquired 6,729 Tesla shares in the third quarter, valued at about $2.39 million. Tesla represents 0.3% of the firm’s portfolio and is its 28th-largest holding.
• Institutional ownership remains substantial: hedge funds and other institutional investors own 66.2% of Tesla shares. Major investors including State Street and Amundi also increased their positions in recent quarters.
• Tesla reported quarterly EPS of $0.48, above the $0.46 consensus, while revenue of $28.05 billion was slightly below expectations and down 0.2% year over year. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $414.51.

Bernicke Wealth Management Ltd. acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,729 shares of the electric vehicle producer's stock, valued at approximately $2,388,000. Tesla makes up 0.3% of Bernicke Wealth Management Ltd.'s portfolio, making the stock its 28th largest position.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Tesla by 2.4% during the 2nd quarter. State Street Corp now owns 117,456,756 shares of the electric vehicle producer's stock worth $49,402,312,000 after buying an additional 2,761,298 shares in the last quarter. Legal & General Group Plc bought a new stake in Tesla during the second quarter worth $8,535,612,000. Amundi boosted its position in Tesla by 14.0% in the first quarter. Amundi now owns 22,174,884 shares of the electric vehicle producer's stock worth $8,243,513,000 after purchasing an additional 2,727,141 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Tesla in the second quarter worth $6,083,630,000. Finally, Bamco Inc. NY boosted its position in Tesla by 5.0% in the second quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock worth $5,267,911,000 after purchasing an additional 591,243 shares during the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Top Tesla Stories

These are some of the TSLA stories that stood out recently:

• Positive Sentiment: Finland’s provisional approval of Tesla’s driver-assistance system adds momentum to its European FSD expansion and could support future software revenue, though broader EU approval is still pending. Article: Finland approves Tesla driver assistance system
• Neutral Sentiment: Tesla’s robotaxi and autonomy plans remain a potential growth driver, but regulatory hurdles, costs and the challenge of building a profitable service leave execution uncertain. Article: Is Tesla Stock Worth Buying Now on Robotaxi and FSD Progress?
• Negative Sentiment: The potential merger faces political headwinds: Texas’ attorney general-elect has pledged “tremendous scrutiny,” and another report flags possible Democratic opposition. Added review could delay or complicate a deal. Article: Texas AG-elect vows scrutiny of SpaceX-Tesla merger

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by company insiders.

Tesla Stock Performance

Shares of TSLA stock opened at $390.22 on Friday. Tesla, Inc. has a 52 week low of $297.38 and a 52 week high of $498.83. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 544.45, a PEG ratio of 24.62 and a beta of 1.74. The stock has a fifty day moving average of $374.75 and a 200 day moving average of $383.05. The company has a quick ratio of 1.39, a current ratio of 1.74 and a debt-to-equity ratio of 0.09.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on TSLA shares. KeyCorp raised Tesla to a "sector weight" rating in a research report on Monday, September 28th. Wells Fargo & Company reissued a "buy" rating on shares of Tesla in a report on Thursday, October 1st. UBS Group upgraded shares of Tesla from a "neutral" rating to a "buy" rating in a research report on Monday, October 26th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research note on Monday, October 19th. Finally, Wall Street Zen cut shares of Tesla from a "hold" rating to a "sell" rating in a report on Saturday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $414.51.

Tesla Company Profile

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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