Tesla, Inc. $TSLA Shares Bought by Patriot Financial Group Insurance Agency LLC

Key Points

• Patriot Financial Group Insurance Agency LLC more than doubled its Tesla position in the first quarter, boosting its stake by 115.3% to 27,310 shares worth about $10.15 million.
• Institutional ownership of Tesla remains substantial, with large investors like Vanguard, Norges Bank, and Bank of America holding major positions; overall, institutions own 66.20% of the stock.
• Insiders have recently sold shares, including CFO Vaibhav Taneja and Director Kathleen Wilson-Thompson, while analysts remain split on TSLA with a consensus rating of Hold and a price target of $403.07.

Patriot Financial Group Insurance Agency LLC raised its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 115.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 27,310 shares of the electric vehicle producer's stock after purchasing an additional 14,627 shares during the period. Patriot Financial Group Insurance Agency LLC's holdings in Tesla were worth $10,153,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new stake in Tesla during the fourth quarter valued at approximately $17,128,100,000. Corient Private Wealth LLC grew its position in shares of Tesla by 3,205.5% in the 4th quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer's stock worth $9,650,811,000 after acquiring an additional 20,810,386 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Tesla by 56.0% in the 4th quarter. Bank of America Corp DE now owns 20,755,605 shares of the electric vehicle producer's stock valued at $9,334,211,000 after acquiring an additional 7,450,766 shares during the last quarter. Cardano Risk Management B.V. raised its position in shares of Tesla by 882.8% during the 4th quarter. Cardano Risk Management B.V. now owns 8,202,060 shares of the electric vehicle producer's stock valued at $3,688,630,000 after acquiring an additional 7,367,507 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer's stock valued at $116,443,762,000 after acquiring an additional 6,538,720 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the business's 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 completion of the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $8,147,700. The trade was a 14.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 firm's stock in a transaction that occurred on 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 sale, the director owned 48,399 shares in the company, valued at $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 have sold a total of 32,015 shares of company stock valued at $12,383,640 over the last three months. 19.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on TSLA. Evercore raised shares of Tesla from a "hold" rating to an "outperform" rating in a report on Friday, June 5th. Oppenheimer reissued a "market perform" rating on shares of Tesla in a report on Thursday, June 11th. Truist Financial decreased their price target on shares of Tesla from $438.00 to $400.00 and set a "hold" rating for the company in a report on Thursday, April 2nd. TD Cowen reaffirmed a "buy" rating on shares of Tesla in a research report on Monday. Finally, Zacks Research upgraded shares of Tesla from a "strong sell" rating to a "hold" rating in a research note on Tuesday, April 28th. Twenty-one analysts have rated the stock with a Buy rating, twenty have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $403.07.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s FSD V14 Lite rollout and software boost for older cars renewed enthusiasm around its self-driving and robotaxi prospects. Tesla's stock rips higher after a long-awaited update to self-driving technology
• Positive Sentiment: Strong pre-delivery optimism continues, with Morgan Stanley raising its Q2 delivery estimate on better Europe and China trends. Morgan Stanley Lifts Tesla Delivery Forecast on Stronger Europe and China Demand (TSLA)
• Positive Sentiment: Bullish sector sentiment and a tech rebound lifted EV stocks broadly, adding momentum to TSLA. TSLA, LCID, RIVN: Here’s Why EV Stocks Are Surging Today
• Neutral Sentiment: Investors are awaiting Tesla’s Q2 delivery report, which remains a key near-term catalyst. Tesla Reports Q2 Deliveries in a Matter of Days. Here's the Number That Matters.
• Negative Sentiment: Some analysts still say Tesla’s valuation depends on much higher FSD performance, showing continued skepticism around autonomy timelines. Tesla Stock (TSLA) Won’t Beat the Nasdaq Until FSD Hits 99.99%, Analyst Warns

Tesla Stock Performance

TSLA stock opened at $411.84 on Tuesday. 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 stock has a market capitalization of $1.55 trillion, a price-to-earnings ratio of 377.83, a PEG ratio of 15.18 and a beta of 1.80. Tesla, Inc. has a 1 year low of $288.77 and a 1 year high of $498.83. The stock's fifty day moving average is $406.07 and its two-hundred day moving average is $412.75.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company's quarterly revenue was up 15.8% on a year-over-year basis. On average, research analysts predict that Tesla, Inc. will post 1.19 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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