Tesla, Inc. $TSLA Shares Bought by Migdal Insurance & Financial Holdings Ltd.

Key Points

• Migdal Insurance & Financial Holdings increased its Tesla stake by 0.4%, adding 1,469 shares to reach 391,653 shares valued at about $139 million. Tesla represents roughly 0.9% of its portfolio.
• Institutional investors and hedge funds own 66.2% of Tesla shares. The stock fell 1.8% to $390.22 in Friday trading.
• Tesla reported quarterly EPS of $0.48, beating estimates by $0.02, while revenue of $28.05 billion was slightly below forecasts and declined 0.2% year over year. Analysts’ consensus rating was “Moderate Buy,” with a $414.51 price target.

Migdal Insurance & Financial Holdings Ltd. increased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 391,653 shares of the electric vehicle producer's stock after purchasing an additional 1,469 shares during the period. Tesla makes up approximately 0.9% of Migdal Insurance & Financial Holdings Ltd.'s portfolio, making the stock its 26th biggest holding. Migdal Insurance & Financial Holdings Ltd.'s holdings in Tesla were worth $138,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. Security National Bank of Sioux City Iowa IA purchased a new position in Tesla in the 2nd quarter worth approximately $25,000. Harborfront Financial Group LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at $34,000. Montgomery Financial Services LLC purchased a new stake in shares of Tesla during the 2nd quarter valued at $40,000. Timbuktu Capital Management LLC bought a new stake in shares of Tesla during the 2nd quarter worth $42,000. Finally, Navigoe LLC bought a new stake in shares of Tesla during the 2nd quarter worth $45,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Trading Down 1.8%

NASDAQ:TSLA traded down $7.23 during trading hours on Friday, reaching $390.22. The company's stock had a trading volume of 32,239,788 shares, compared to its average volume of 40,913,836. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.39 and a current ratio of 1.74. The firm has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 428.82, a PEG ratio of 24.62 and a beta of 1.74. The firm has a 50-day simple moving average of $374.75 and a 200-day simple moving average of $383.05. Tesla, Inc. has a 1 year low of $297.38 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Tesla had a net margin of 3.11% and a return on equity of 3.03%. The business had revenue of $28.05 billion during the quarter, compared to analyst estimates of $28.06 billion. During the same period in the prior year, the business posted $0.50 earnings per share. The company's revenue was down .2% on a year-over-year basis. Research analysts expect that Tesla, Inc. will post 0.67 EPS for the current fiscal year.

Key Tesla News

Investors following TSLA have been watching these news items:

• Positive Sentiment: Reports say Tesla and SpaceX are progressing in merger discussions, with an announcement possible as soon as December or in early 2027. The prospect of combining with SpaceX has fueled investor interest, though no agreement or terms have been disclosed. Article: SpaceX Could Announce a Deal for Tesla as Soon as December
• Positive Sentiment: Finland’s provisional approval of Tesla’s driver-assistance system adds momentum to its European FSD expansion and could support future software revenue, though broader EU approval is still pending. Article: Finland approves Tesla driver assistance system
• Negative Sentiment: Tesla’s latest quarter showed flat year-over-year revenue, while SpaceX reportedly grew revenue 161%, raising questions about the relative growth and valuation of the businesses in a possible combination. GLJ Research also reaffirmed its sell rating. Article: Tesla and SpaceX Could Announce a Merger as Soon as December

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Mizuho upped their target price on shares of Tesla from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Thursday, October 22nd. Monness Crespi & Hardt started coverage on Tesla in a research report on Monday, October 26th. They set a "buy" rating on the stock. Tigress Financial initiated coverage on Tesla in a research note on Thursday, October 22nd. They set a "buy" rating for the company. Morgan Stanley upgraded Tesla from a "reduce" rating to an "overweight" rating in a report on Monday, October 26th. Finally, UBS Group upgraded Tesla from a "neutral" rating to a "buy" rating in a research report on Monday, October 26th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $414.51.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the business's stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares of the company's stock, valued at approximately $9,353,296.36. The trade was a 9.12% decrease in their position. 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. Corporate insiders own 20.00% of the company's stock.

About Tesla

Tesla, Inc. designs, develops, manufactures and sells electric vehicles and energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y and Cybertruck, along with related software and services. The company also provides energy generation and storage products, including solar systems, Powerwall home batteries and Megapack utility-scale storage. Its services include vehicle maintenance, charging through the Supercharger network and software features for its vehicles. Founded in 2003 and headquartered in Austin, Texas, Tesla serves customers in markets around the world.

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