Tesla, Inc. $TSLA Shares Acquired by Hantz Financial Services Inc.

Key Points

• Hantz Financial Services increased its Tesla stake by 16.8% in the fourth quarter, buying 4,000 additional shares and bringing its total to 27,753 shares worth about $12.48 million.
• Tesla continues to attract mixed sentiment: bullish developments include Full Self-Driving expansion in China and Europe, while concerns remain about its stretched valuation and a recall of 14,575 Model Y SUVs in the U.S. over a missing certification label.
• Wall Street’s view is still cautious overall, with Tesla carrying an average Hold rating and a consensus price target of $395.20, even as some analysts like Wedbush remain notably more optimistic.

Hantz Financial Services Inc. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,753 shares of the electric vehicle producer's stock after purchasing an additional 4,000 shares during the period. Hantz Financial Services Inc.'s holdings in Tesla were worth $12,481,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Crestwood Advisors Group LLC raised its stake in Tesla by 34.7% during the fourth quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer's stock worth $8,799,000 after acquiring an additional 5,039 shares during the period. Gamco Investors INC. ET AL boosted its stake in Tesla by 29.6% in the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer's stock valued at $14,487,000 after acquiring an additional 7,446 shares during the period. China Universal Asset Management Co. Ltd. grew its holdings in shares of Tesla by 8.8% during the third quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer's stock valued at $21,571,000 after purchasing an additional 3,935 shares during the last quarter. Calamos Wealth Management LLC raised its position in shares of Tesla by 5.9% during 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 period. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of Tesla by 26.0% during 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 period. 66.20% of the stock is owned by institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving rollout in China and subscription-based FSD availability in Europe bolster the case that autonomy could become a bigger growth driver. Article Title
• Positive Sentiment: Some analysts and commentators continue to frame Tesla as a robotics and AI company, with bullish chatter around Optimus and the company’s long-term pivot away from being just an automaker. Article Title
• Neutral Sentiment: SpaceX’s IPO has dominated investor attention, and while it highlights Musk’s ecosystem, the market is debating whether it will ultimately help Tesla or distract capital and attention away from TSLA. Article Title
• Negative Sentiment: Reuters reported Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, adding another quality-control issue to the stock’s recent concerns. Article Title
• Negative Sentiment: Several articles warn that Tesla’s valuation remains stretched and that FSD still faces execution questions, with critics saying the technology is not yet ready to justify the stock’s premium. Article Title

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TSLA shares. Weiss Ratings restated a "hold (c-)" rating on shares of Tesla in a research report on Friday, April 24th. Truist Financial cut their target price on Tesla from $438.00 to $400.00 and set a "hold" rating on the stock in a research note on Thursday, April 2nd. The Goldman Sachs Group reissued a "neutral" rating on shares of Tesla in a report on Thursday, April 23rd. Wedbush reaffirmed an "outperform" rating and issued a $600.00 price objective on shares of Tesla in a report on Tuesday, April 21st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Thursday, April 23rd. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $395.20.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 83,213 shares of company stock valued at $32,201,105 over the last quarter. Insiders own 19.90% of the company's stock.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $426.01 on Monday. The stock has a market cap of $1.60 trillion, a P/E ratio of 390.83, a P/E/G ratio of 16.82 and a beta of 1.79. The firm's 50-day simple moving average is $387.76 and its 200 day simple moving average is $416.55. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. Tesla's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities analysts expect that Tesla, Inc. will post 1.2 EPS for the current 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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