Apriem Advisors Has $8.01 Million Stock Holdings in Tesla, Inc. $TSLA

Key Points

• Apriem Advisors cut its Tesla stake by 14.4% in the fourth quarter, selling 2,994 shares and ending with 17,799 shares valued at about $8.0 million.
• Other institutional investors were mixed on Tesla, with some increasing holdings while others initiated new positions; overall, institutions and hedge funds own 66.2% of the stock.
• Tesla insiders also sold shares last quarter, including CFO Vaibhav Taneja and Director Kathleen Wilson-Thompson, while the stock has continued to draw attention from analysts and investors amid debates over its AI/autonomy growth story and valuation.

Apriem Advisors lessened its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,799 shares of the electric vehicle producer's stock after selling 2,994 shares during the quarter. Tesla accounts for about 0.7% of Apriem Advisors' holdings, making the stock its 29th biggest position. Apriem Advisors' holdings in Tesla were worth $8,005,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the stock. Arete Wealth Advisors LLC increased its stake in Tesla by 33.1% in the 4th quarter. Arete Wealth Advisors LLC now owns 28,465 shares of the electric vehicle producer's stock valued at $12,804,000 after buying an additional 7,072 shares during the period. Jacobi Capital Management LLC increased its stake in Tesla by 0.7% in the 4th quarter. Jacobi Capital Management LLC now owns 8,822 shares of the electric vehicle producer's stock valued at $3,967,000 after buying an additional 63 shares during the period. CreativeOne Wealth LLC increased its stake in Tesla by 4.2% in the 4th quarter. CreativeOne Wealth LLC now owns 61,932 shares of the electric vehicle producer's stock valued at $27,852,000 after buying an additional 2,479 shares during the period. Cordoba Advisory Partners LLC acquired a new position in Tesla in the 4th quarter valued at approximately $477,000. Finally, Burton Enright Welch acquired a new position in Tesla in the 4th quarter valued at approximately $3,377,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 3,000 shares of the firm's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm's stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 57,824 shares of company stock worth $21,657,588 over the last quarter. 19.90% of the stock is currently owned by company insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is still benefiting from its autonomy and AI story, with reports highlighting its unsupervised robotaxi rollout and expanded Full Self-Driving approvals in Europe, including Belgium and Denmark. Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative
• Positive Sentiment: Some analysts remain constructive on Tesla’s long-term growth, pointing to underappreciated opportunities in autonomous vehicles, humanoid robotics, and energy storage, which supports the bull case despite near-term volatility. JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
• Neutral Sentiment: There is also ongoing merger speculation between Tesla and SpaceX, with Gwynne Shotwell saying a tie-up “might make Elon's life a little easier,” but this remains highly speculative and not an immediate business catalyst. SpaceX COO Shotwell says Tesla tie-up ‘might make Elon's life a little easier'
• Neutral Sentiment: New articles comparing Tesla with BYD and discussing how SpaceX’s debut compares with Tesla’s history are mostly narrative-driven and do not change Tesla’s fundamentals by themselves. Is it too late to buy SpaceX's stock? Here's how Tesla's did after one day and five years.
• Negative Sentiment: Multiple pieces say Tesla may be losing investor attention to SpaceX, with fears that capital is being redirected to the high-profile IPO; that dynamic has weighed on TSLA sentiment. What's Going On With Tesla Stock Friday
• Negative Sentiment: Bearish commentary also remains in the background, including a Glj Research “sell” reaffirmation and articles arguing Tesla’s battery advantage is thinning, which adds pressure on valuation concerns. Tesla: The Battery Moat Is Becoming Thinner

Tesla Stock Performance

Shares of TSLA opened at $406.43 on Friday. The company's fifty day moving average is $398.35 and its 200-day moving average is $416.01. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 372.87, a price-to-earnings-growth ratio of 16.25 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the business posted $0.27 EPS. Tesla's quarterly revenue was up 15.8% on a year-over-year basis. Equities analysts expect that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Analysts Set New Price Targets

TSLA has been the topic of several research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Tesla in a research note on Friday, April 24th. Canaccord Genuity Group upped their price objective on shares of Tesla from $420.00 to $450.00 and gave the company a "buy" rating in a research note on Thursday, April 23rd. Evercore upgraded shares of Tesla from a "hold" rating to an "outperform" rating in a research note on Friday, June 5th. Deutsche Bank Aktiengesellschaft started coverage on shares of Tesla in a research note on Friday, June 5th. They set a "buy" rating on the stock. Finally, Sanford C. Bernstein upgraded shares of Tesla from an "underperform" rating to an "outperform" rating in a research note on Friday, June 5th. Twenty-two research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $404.37.

About Tesla

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.

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