Tesla, Inc. $TSLA Holdings Reduced by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments reduced its Tesla stake by 2.3% in the third quarter, selling 12,137 shares and retaining 521,985 shares worth approximately $185.2 million. Institutional investors collectively own 66.2% of Tesla.
• Tesla shares fell 0.7% to $375, while the stock traded at a very high price-to-earnings ratio of 347.23. The company’s latest quarterly earnings missed analyst expectations, despite revenue rising 25.5% year over year.
• Analyst sentiment remains mixed, with ratings ranging from strong buy to sell; MarketBeat reports an overall “Hold” rating and an average price target of $412.19. Growth opportunities in autonomy, energy storage and commercial vehicles are balanced by valuation and profitability concerns.

Zevenbergen Capital Investments LLC cut its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 521,985 shares of the electric vehicle producer's stock after selling 12,137 shares during the quarter. Tesla comprises approximately 4.3% of Zevenbergen Capital Investments LLC's investment portfolio, making the stock its 5th biggest position. Zevenbergen Capital Investments LLC's holdings in Tesla were worth $185,205,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Security National Bank of Sioux City Iowa IA acquired a new stake in Tesla during the second quarter worth about $25,000. Friedenthal Financial boosted its holdings in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer's stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Harborfront Financial Group LLC acquired a new position in Tesla in the 2nd quarter valued at about $34,000. Montgomery Financial Services LLC purchased a new stake in shares of Tesla in the 2nd quarter valued at approximately $40,000. Finally, Lam Group Inc. acquired a new stake in shares of Tesla during the 1st quarter worth approximately $37,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Q3 delivery beat supports near-term sentiment. Tesla delivered 486,532 vehicles, exceeding expectations despite a slight year-over-year decline. Attention now shifts to automotive margins and the company’s upcoming earnings report, since weaker profitability could offset the delivery performance. Tesla's EV Delivery Beat Is In, So What Happens Now?
• Positive Sentiment: Commercial charging expansion strengthens Tesla’s energy and infrastructure opportunity. Tesla and Pilot opened their first Megacharger site in Georgia for heavy-duty electric trucks and announced three additional locations. Separately, logistics company IMC ordered 50 Tesla Semis, providing validation for Tesla’s commercial-vehicle ambitions. Pilot and Tesla Open First Megacharger Site
• Positive Sentiment: Autonomy-related developments remain a long-term bullish catalyst. Lemonade expanded autonomous-car insurance discounts to more Tesla vehicles using FSD, while Germany’s transport minister backed faster European approval of Tesla’s supervised FSD technology. Wider availability could support software revenue, although regulatory approval remains unresolved. Lemonade Adds Support for Tesla FSD
• Neutral Sentiment: Analysts see substantial upside but acknowledge execution risk. UBS raised its price target to $391 and called Tesla’s setup tactically favorable, with software, robotaxis, robotics and energy storage viewed as potential growth drivers beyond vehicle sales. UBS Flags a Bullish Setup in Tesla Stock
• Negative Sentiment: Valuation remains the biggest pressure point. Tesla trades at a far higher earnings multiple than competitors such as BYD, prompting even longtime bullish investors to warn that a strong business does not necessarily make the stock attractive at its current price. BYD Trades at 20 Times Earnings. Tesla Trades at 344.
• Negative Sentiment: AI spending and profitability concerns are limiting enthusiasm. Tesla is committing significant resources to chips, autonomy and robotics while investors still face questions about cash use, vehicle margins and the lack of detailed updates on Optimus. This makes the stock particularly sensitive to any earnings disappointment. Tesla's Big AI Gamble Puts Its EV Business Under a Microscope

Tesla Trading Down 0.7%

Tesla stock traded down $2.81 during trading on Thursday, hitting $375.00. The company had a trading volume of 28,299,486 shares, compared to its average volume of 51,356,391. The stock has a market cap of $1.48 trillion, a price-to-earnings ratio of 347.23, a price-to-earnings-growth ratio of 20.34 and a beta of 1.92. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 1-year low of $297.38 and a 1-year high of $498.83. The company's 50 day simple moving average is $354.18 and its 200-day simple moving average is $377.19.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. During the same quarter last year, the company earned $0.33 earnings per share. The firm's revenue for the quarter was up 25.5% on a year-over-year basis. As a group, analysts expect that Tesla, Inc. will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the transaction, the chief financial officer directly owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a legal 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. 19.90% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on TSLA shares. BMO Capital Markets initiated coverage on shares of Tesla in a research report on Monday, August 17th. They set an "outperform" rating on the stock. Oppenheimer reissued a "market perform" rating on shares of Tesla in a research note on Monday, September 21st. BNP Paribas Exane reduced their target price on Tesla from $280.00 to $268.00 and set an "underperform" rating on the stock in a research report on Thursday, September 24th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of Tesla in a research note on Monday, September 28th. Finally, Citizens Jmp began coverage on Tesla in a report on Thursday, July 9th. They set a "market perform" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $412.19.

Tesla Profile

Tesla, Inc NASDAQ: TSLA designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla's energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.

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