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Adelphi Trust Co Purchases Shares of 1,418 Tesla, Inc. $TSLA

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Key Points

  • Adelphi Trust Co bought a new stake of 1,418 shares in Tesla (TSLA) in Q4, valued at approximately $638,000.
  • Insiders have been net sellers recently — CFO Vaibhav Taneja sold 2,264 shares and Director Kathleen Wilson‑Thompson sold 25,809 shares, with insiders selling 53,804 shares (~$20.9M) over the last three months while institutional investors own 66.2% of the stock.
  • Tesla beat Q4 EPS estimates ($0.50 vs. $0.45) with $24.90B in revenue (down 3.1% YoY); recent positive catalysts include an AI5 chip tape‑out and FSD updates, but analysts remain mixed with a consensus "Hold" and a $398.61 price target.
  • MarketBeat previews the top five stocks to own by May 1st.

Adelphi Trust Co purchased a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 1,418 shares of the electric vehicle producer's stock, valued at approximately $638,000.

Several other institutional investors also recently bought and sold shares of TSLA. Relyea Zuckerberg Hanson LLC increased its holdings in shares of Tesla by 0.4% during the 3rd quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer's stock worth $2,916,000 after buying an additional 23 shares during the last quarter. Equita Financial Network Inc. increased its holdings in shares of Tesla by 2.8% during the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer's stock worth $380,000 after buying an additional 23 shares during the last quarter. VanderPol Investments L.L.C. increased its holdings in shares of Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer's stock worth $464,000 after buying an additional 23 shares during the last quarter. Resonant Capital Advisors LLC increased its holdings in shares of Tesla by 0.3% during the 3rd quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer's stock worth $3,814,000 after buying an additional 23 shares during the last quarter. Finally, Cloud Capital Management LLC increased its holdings in shares of Tesla by 1.1% during the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer's stock worth $923,000 after buying an additional 23 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Tesla Stock Performance

NASDAQ:TSLA opened at $391.95 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The firm has a 50-day moving average of $390.09 and a two-hundred day moving average of $423.42. The stock has a market cap of $1.47 trillion, a P/E ratio of 362.92, a PEG ratio of 11.32 and a beta of 1.91. Tesla, Inc. has a 1-year low of $222.79 and a 1-year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion during the quarter, compared to analysts' expectations of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The firm's revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 EPS. On average, research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,264 shares of the company's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $7,188,625.18. This represents a 11.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the transaction, the director directly owned 33,860 shares in the company, valued at $12,166,913.80. The trade was a 43.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 53,804 shares of company stock valued at $20,865,598. 19.90% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Analyst Ratings Changes

A number of analysts have recently commented on TSLA shares. Truist Financial dropped their price objective on Tesla from $438.00 to $400.00 and set a "hold" rating for the company in a report on Thursday, April 2nd. CICC Research upped their price objective on Tesla from $450.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, December 18th. Robert W. Baird lowered their price target on Tesla from $548.00 to $538.00 and set an "outperform" rating for the company in a report on Thursday, April 2nd. Stifel Nicolaus set a $508.00 price target on Tesla in a report on Thursday, January 29th. Finally, Royal Bank Of Canada lowered their price target on Tesla from $500.00 to $480.00 and set an "outperform" rating for the company in a report on Monday. Nineteen research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and nine have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $398.61.

Check Out Our Latest Report on Tesla

Tesla Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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