Rathbones Group PLC Sells 2,055 Shares of Tesla, Inc. $TSLA

Key Points

• Rathbones Group PLC cut its Tesla stake by 2.3% in the fourth quarter, selling 2,055 shares and ending with 88,993 shares worth about $40.0 million.
• Insider selling continued, with Director Kathleen Wilson-Thompson and CFO Vaibhav Taneja both selling shares; Tesla insiders have sold 83,213 shares worth about $32.2 million over the last three months.
• Wall Street remains cautious overall, with Tesla carrying a consensus “Hold” rating and an average price target of $395.20, even as the stock opened above that level at $417.26.

Rathbones Group PLC lowered its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 88,993 shares of the electric vehicle producer's stock after selling 2,055 shares during the quarter. Rathbones Group PLC's holdings in Tesla were worth $40,022,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of TSLA. Crestwood Advisors Group LLC grew its position in Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock worth $8,799,000 after purchasing an additional 5,039 shares during the last quarter. Gamco Investors INC. ET AL grew its position in Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock worth $14,487,000 after purchasing an additional 7,446 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its position in Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock worth $21,571,000 after purchasing an additional 3,935 shares during the last quarter. Calamos Wealth Management LLC grew its position in Tesla by 5.9% in the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer's stock worth $18,846,000 after purchasing an additional 2,341 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in Tesla by 26.0% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 18,032 shares of the electric vehicle producer's stock worth $8,019,000 after purchasing an additional 3,724 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated 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 directly owned 48,399 shares of the company's stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $8,147,700. This represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 83,213 shares of company stock valued at $32,201,105 over the last three months. 19.90% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on TSLA shares. Jefferies Financial Group restated a "neutral" rating on shares of Tesla in a research report on Wednesday, April 22nd. Mizuho decreased their price target on shares of Tesla from $540.00 to $480.00 and set an "outperform" rating on the stock in a research report on Thursday, April 23rd. Wedbush restated an "outperform" rating and issued a $600.00 price target on shares of Tesla in a research report on Tuesday, April 21st. Cantor Fitzgerald restated an "overweight" rating and issued a $510.00 price target on shares of Tesla in a research report on Wednesday, April 22nd. Finally, Zacks Research upgraded shares of Tesla from a "strong sell" rating to a "hold" rating in a research report on Tuesday, April 28th. Nineteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $395.20.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving software is expanding in Europe, with Lithuania becoming the second European country to approve it, reinforcing the company’s push to be viewed as an AI and robotics platform rather than just an automaker. Tesla's Full Self-Driving software is creeping into Europe
• Positive Sentiment: Shares are getting support from investor interest in Tesla’s long-term autonomy and robotics optionality, including reports that Paul Tudor Jones boosted his TSLA stake and ARK Invest bought more Tesla alongside other AI/flying-taxi names. As Tesla Leans Into AI Pivot, Billionaire Paul Tudor Jones Just Raised His TSLA Stake by 9X
• Neutral Sentiment: SpaceX’s long-awaited IPO filing is dominating the Musk narrative and could create a new public-market destination for investors who want exposure to Elon Musk, including Tesla’s roughly 19 million SpaceX shares, but the direct impact on TSLA is still uncertain. SpaceX IPO Filing Finally Comes. Mars, Musk, and More Big Things to Watch.
• Neutral Sentiment: Analysts and commentators continue debating whether Tesla’s recent move is a technical rebound or a larger trend reversal, with chart watchers pointing to a possible hammer pattern after recent weakness. Stock Of The Day: Did Tesla Reverse?
• Negative Sentiment: TSLA is still facing valuation pressure after recent selling tied to higher Model Y prices, capex concerns, and the idea that SpaceX’s IPO could siphon investor capital away from Tesla. Tesla stock slumps over 3% to sink below $400: what happened?

Tesla Price Performance

Shares of Tesla stock opened at $417.26 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04. The firm's 50-day simple moving average is $387.02 and its 200-day simple moving average is $417.12. Tesla, Inc. has a twelve month low of $273.21 and a twelve month high of $498.83. The firm has a market cap of $1.57 trillion, a P/E ratio of 382.81, a price-to-earnings-growth ratio of 15.96 and a beta of 1.79.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating 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 business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same period in the previous year, the business earned $0.27 EPS. The firm's revenue was up 15.8% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

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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