ABN Amro Investment Solutions lifted its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 21.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 193,269 shares of the electric vehicle producer's stock after buying an additional 34,423 shares during the quarter. ABN Amro Investment Solutions' holdings in Tesla were worth $81,289,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of TSLA. Crestwood Advisors Group LLC raised its position in shares of Tesla by 34.7% in the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock valued at $8,799,000 after buying an additional 5,039 shares during the last quarter. Private Capital Advisors Inc. lifted its stake in shares of Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer's stock valued at $9,593,000 after buying an additional 12,417 shares during the period. Wealthquest Corp acquired a new stake in Tesla during the fourth quarter worth approximately $1,035,000. Knights of Columbus Asset Advisors LLC grew its stake in Tesla by 34.8% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer's stock worth $28,998,000 after acquiring an additional 16,652 shares during the period. Finally, Varma Mutual Pension Insurance Co raised its holdings in Tesla by 3.0% in the 4th quarter. Varma Mutual Pension Insurance Co now owns 404,023 shares of the electric vehicle producer's stock valued at $181,697,000 after acquiring an additional 11,900 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.
Tesla Price Performance
Shares of Tesla stock opened at $348.95 on Tuesday. The business's fifty day moving average price is $364.38 and its 200 day moving average price is $386.56. Tesla, Inc. has a twelve month low of $297.38 and a twelve month high of $498.83. The company has a current ratio of 1.94, a quick ratio of 1.55 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $1.38 trillion, a P/E ratio of 323.10, a PEG ratio of 18.32 and a beta of 1.83.
Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.The business's revenue was up 25.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.33 earnings per share. As a group, research analysts anticipate that Tesla, Inc. will post 0.88 earnings per share for the current year.
Analyst Ratings Changes
A number of research analysts have weighed in on TSLA shares. UBS Group set a $460.00 price target on Tesla in a research note on Thursday, July 23rd. Wells Fargo & Company reiterated an "underweight" rating and set a $130.00 target price (up from $125.00) on shares of Tesla in a research report on Tuesday, July 14th. HSBC reissued a "hold" rating on shares of Tesla in a research note on Monday, June 15th. Barclays upped their price objective on shares of Tesla from $360.00 to $370.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 14th. Finally, TD Cowen reiterated a "buy" rating on shares of Tesla in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $401.74.
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Tesla News Summary
Here are the key news stories impacting Tesla this week:
- Positive Sentiment: Nevada approved Tesla to deploy up to 5,000 robo-taxis, expanding the company’s permitted autonomous-vehicle fleet and supporting its strategy to build a transportation business beyond vehicle sales. Tesla's Robo-Taxi Expansion Takes a Leap Forward
- Positive Sentiment: Tesla plans to launch its wheelless, pedal-less Cybercab in Austin on September 3 and expects to roll out 2,500 robotaxis during 2026. The event could provide investors with evidence of progress toward scaling autonomous ride-hailing. Tesla to launch Cybercabs in Austin starting Sept. 3
- Positive Sentiment: Tesla retained a majority of the U.S. electric-vehicle market in the second quarter, although the overall U.S. EV market is shrinking and Tesla’s international performance remains a concern. Tesla Maintained Its Majority of the U.S. EV Market in Q2
Insiders Place Their Bets
In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of Tesla 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 transaction, the chief financial officer directly owned 22,039 shares of the company's stock, valued at $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 is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is currently owned by company insiders.
About Tesla
(
Free Report)
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.
Further Reading
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