Diversified Trust Co. Sells 9,843 Shares of Tesla, Inc. $TSLA

Key Points

• Diversified Trust reduced its Tesla stake by 18.8%. The firm sold 9,843 shares during the second quarter and retained 42,532 shares valued at approximately $17.9 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla’s latest earnings were mixed. The company reported $0.33 in quarterly EPS, below the $0.50 consensus estimate, while revenue of $28.24 billion exceeded expectations and rose 25.5% year over year.
• Analyst sentiment remains divided, with a consensus “Hold” rating. Tesla shares opened at $351.12, compared with a consensus price target of $401.74; ratings include 22 Buys, 19 Holds and four Sells.

Diversified Trust Co. reduced its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 18.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,532 shares of the electric vehicle producer's stock after selling 9,843 shares during the quarter. Diversified Trust Co.'s holdings in Tesla were worth $17,889,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Davidson Capital Management Inc. grew its stake in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer's stock worth $27,000 after acquiring an additional 27 shares during the last quarter. Turning Point Benefit Group Inc. purchased a new position in shares of Tesla in the 3rd quarter worth about $30,000. Texas Capital Bancshares Inc TX bought a new position in Tesla in the 3rd quarter worth about $31,000. Friedenthal Financial boosted its stake in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Finally, Chapman Financial Group LLC purchased a new stake in Tesla during the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

Shares of TSLA opened at $351.12 on Thursday. The firm has a market capitalization of $1.39 trillion, a P/E ratio of 325.11, a PEG ratio of 17.01 and a beta of 1.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.94 and a quick ratio of 1.55. Tesla, Inc. has a one year low of $297.38 and a one year high of $498.83. The business has a fifty day moving average of $367.57 and a 200 day moving average of $388.09.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to the consensus estimate 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 in the prior year, the company posted $0.33 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 0.88 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on TSLA shares. BMO Capital Markets began coverage on shares of Tesla in a report on Monday. They issued an "outperform" rating for the company. Citizens Jmp initiated coverage on shares of Tesla in a research report on Thursday, July 9th. They set a "market perform" rating for the company. Zacks Research upgraded shares of Tesla from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 28th. Phillip Securities lowered their price objective on Tesla from $220.00 to $215.00 and set a "sell" rating on the stock in a research report on Wednesday, May 13th. Finally, BNP Paribas Exane downgraded Tesla from a "hold" rating to an "underperform" rating in a research note on Friday, June 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus target price of $401.74.

Insider Activity

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the completion of the sale, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 19.90% of the company's stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Cybercab launch expectations boosted sentiment. Tesla’s teaser for a possible Cybercab event and reports of employee rides followed by a limited public rollout in Austin renewed investor interest in the company’s autonomous-driving strategy. Tesla Stock Jumps as Cybercab Launch Puts Robotaxi Plans in Focus
• Positive Sentiment: A 500-truck Tesla Semi deployment offers commercial validation. Einride plans to deploy 500 Tesla Semis across North America over two years, potentially providing a meaningful order and demonstrating whether Tesla can scale production of its long-delayed heavy-duty truck. Einride to deploy 500 Tesla electric trucks for North American fleet
• Positive Sentiment: The Model Y L could broaden Tesla’s customer base. The six-seat model is designed to address demand from larger, family-focused EV buyers and fill a gap in Tesla’s lineup, although its effect on sales growth is unproven. Tesla’s Model Y L Is Coming to America
• Positive Sentiment: Enterprise robotics interest is expanding. Virtuix said it sold an Omni One Enterprise system to Tesla’s Optimus division for humanoid-robot teleoperation, providing another indication of Tesla’s investment in robotics applications. Virtuix Reports Growth and Tesla Robotics Win

Tesla 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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