Ballentine Partners LLC Purchases 1,411 Shares of Tesla, Inc. $TSLA

Key Points

• Ballentine Partners LLC increased its Tesla stake by 3.1% in the fourth quarter, buying 1,411 additional shares and bringing its total holdings to 47,062 shares valued at about $21.2 million.
• Tesla reported better-than-expected adjusted EPS of $0.41 for the quarter, though revenue of $22.39 billion came in below consensus estimates. Quarterly revenue still rose 15.8% year over year.
• Analysts remain mixed on TSLA: the stock has a consensus Hold rating with an average target price of $398.42, while institutional ownership remains high at 66.2%.

Ballentine Partners LLC increased its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,062 shares of the electric vehicle producer's stock after purchasing an additional 1,411 shares during the quarter. Ballentine Partners LLC's holdings in Tesla were worth $21,165,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TSLA. Buck Wealth Strategies LLC lifted its position in shares of Tesla by 11.4% during the 4th quarter. Buck Wealth Strategies LLC now owns 2,392 shares of the electric vehicle producer's stock worth $1,076,000 after buying an additional 244 shares in the last quarter. Patten & Patten Inc. TN boosted its position in Tesla by 3.7% in the fourth quarter. Patten & Patten Inc. TN now owns 2,464 shares of the electric vehicle producer's stock worth $1,108,000 after purchasing an additional 88 shares during the last quarter. Indie Asset Partners LLC grew its stake in Tesla by 21.3% in the 4th quarter. Indie Asset Partners LLC now owns 1,539 shares of the electric vehicle producer's stock valued at $692,000 after purchasing an additional 270 shares during the period. Baker Boyer National Bank increased its position in shares of Tesla by 13.0% during the 4th quarter. Baker Boyer National Bank now owns 1,203 shares of the electric vehicle producer's stock valued at $541,000 after purchasing an additional 138 shares during the last quarter. Finally, Merrithew & Thorsten Inc purchased a new stake in shares of Tesla during the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $428.35 on Friday. The company has a 50 day moving average of $382.66 and a 200 day moving average of $418.37. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. The stock has a market cap of $1.61 trillion, a P/E ratio of 392.98, a P/E/G ratio of 15.68 and a beta of 1.79. Tesla, Inc. has a 12 month low of $273.21 and a 12 month high of $498.83.

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, beating the consensus estimate of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. As a group, sell-side analysts forecast that Tesla, Inc. will post 1.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TSLA. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a report on Thursday, April 23rd. Wedbush reiterated an "outperform" rating and issued a $600.00 target price on shares of Tesla in a research note on Tuesday, April 21st. UBS Group reissued a "neutral" rating and set a $364.00 target price (up from $352.00) on shares of Tesla in a research report on Thursday, April 23rd. Phillip Securities lifted their price target on shares of Tesla from $215.00 to $220.00 and gave the stock a "sell" rating in a report on Monday, April 27th. Finally, President Capital boosted their price objective on Tesla from $424.00 to $428.00 and gave the company a "buy" rating in a research note on Monday, April 27th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus target price of $398.42.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s China-made EV sales rose 36% in April, extending a six-month rebound and easing concerns about weakening demand in one of its key markets. Reuters: Tesla's China-made EV sales rise 36% in April, year-on-year
• Positive Sentiment: Tesla landed a record $100 million deal for 370 Semi trucks, signaling real commercial demand for the company’s truck platform. Zacks: Tesla Lands Record $100M Deal for 370 Semi Trucks in California
• Positive Sentiment: The 2026 Model Y passed new U.S. driver-assistance system tests, reinforcing Tesla’s autonomy and safety story. Reuters: Tesla Model Y is first vehicle to pass new US driver assistance system tests
• Neutral Sentiment: Tesla filed a new Roadster trademark, adding to speculation around a long-awaited future product reveal. Business Insider: Tesla filed a trademark for a new Roadster logo ahead of the EV's long-awaited reveal
• Neutral Sentiment: Analysts trimmed some Tesla earnings estimates, but the changes were modest and did not materially alter near-term expectations. MarketBeat Tesla coverage
• Negative Sentiment: Tesla is still facing a large recall tied to rearview camera image delays, which could raise quality concerns even if investors are currently looking past it. Fox Business: Tesla recalls more than 218K vehicles over rearview image issue that poses crash risk

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,264 shares of the company's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $7,188,625.18. This represents a 11.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the sale, the director directly owned 48,399 shares of the company's stock, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 80,213 shares of company stock worth $30,851,105. Insiders own 19.90% of the company's stock.

Tesla Company Profile

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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