Corient Private Wealth LP Purchases Shares of 935,745 Tesla, Inc. $TSLA

Key Points

• Corient Private Wealth acquired 935,745 Tesla shares in the second quarter, valued at approximately $393.2 million. Institutional investors and hedge funds collectively own 66.2% of Tesla.
• Tesla reported quarterly revenue of $28.24 billion, up 25.5% year over year, but earnings per share of $0.33 missed analysts’ $0.50 estimate.
• Analyst sentiment remains mixed, with Tesla holding a consensus “Hold” rating and an average price target of $401.74, compared with a recent share price of $354.08.

Corient Private Wealth LP acquired a new stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 935,745 shares of the electric vehicle producer's stock, valued at approximately $393,178,000.

Several other hedge funds have also modified their holdings of TSLA. Permanens Capital L.P. acquired a new stake in shares of Tesla in the second quarter worth approximately $397,000. Philadelphia Investment Partners LLC increased its position in Tesla by 445.1% during the second quarter. Philadelphia Investment Partners LLC now owns 834 shares of the electric vehicle producer's stock worth $351,000 after purchasing an additional 681 shares during the last quarter. Atreides Management LP raised its stake in Tesla by 1.7% during the second quarter. Atreides Management LP now owns 204,275 shares of the electric vehicle producer's stock worth $85,918,000 after purchasing an additional 3,480 shares during the period. Bamco Inc. NY boosted its holdings in shares of Tesla by 5.0% in the 2nd quarter. Bamco Inc. NY now owns 12,524,752 shares of the electric vehicle producer's stock valued at $5,267,911,000 after purchasing an additional 591,243 shares during the last quarter. Finally, Bluefin Capital Management LLC acquired a new position in shares of Tesla in the 2nd quarter valued at $1,262,000. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Performance

Tesla stock opened at $354.08 on Tuesday. The firm has a market capitalization of $1.40 trillion, a PE ratio of 327.85, a price-to-earnings-growth ratio of 17.88 and a beta of 1.84. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The stock's 50 day moving average price is $357.06 and its 200 day moving average price is $382.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.55 and a current ratio of 1.94.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. The firm's revenue was up 25.5% compared to the same quarter last year. During the same period last year, the business earned $0.33 EPS. As a group, sell-side analysts expect that Tesla, Inc. will post 0.88 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Phillip Securities dropped their price objective on Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a report on Wednesday, May 13th. JPMorgan Chase & Co. reduced their target price on Tesla from $475.00 to $445.00 and set a "neutral" rating on the stock in a report on Thursday, July 23rd. HSBC restated a "hold" rating on shares of Tesla in a research note on Monday, June 15th. Citizens Jmp initiated coverage on Tesla in a report on Thursday, July 9th. They issued a "market perform" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $420.00 price objective on Tesla in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Tesla presently has a consensus rating of "Hold" and a consensus target price of $401.74.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: European FSD expansion: Tesla’s supervised Full Self-Driving system received a regulatory green light in Slovenia, potentially supporting wider European deployment and additional high-margin software revenue. Tesla also cited safety data showing 4.1 times fewer collisions than manually driven Teslas in five European markets. Tesla FSD Supervised Gets Regulatory Green Light in Slovenia
• Positive Sentiment: Robotaxi opportunity: Tesla has begun limited paid Cybercab rides in Austin. Goldman Sachs believes the purpose-built vehicle could have a cost advantage in robotaxis, while Cathie Wood and other Tesla bulls continue to view autonomy, Optimus and AI as major long-term growth opportunities. Cybercab Could Transform Tesla, But Regulatory Risks Loom
• Positive Sentiment: AI ecosystem narrative: Investor interest remains focused on Tesla’s integration of FSD, Grok and the Optimus humanoid robot, as well as its indirect exposure to SpaceX. Supporters argue these businesses could eventually justify Tesla’s premium valuation. Cathie Wood Has Stuck With Tesla Through Repeated Missed Robotaxi Deadlines

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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

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.