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Tesla, Inc. $TSLA Shares Sold by Reynders McVeigh Capital Management LLC

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Key Points

  • Reynders McVeigh cut holdings — Reynders McVeigh Capital Management reduced its Tesla stake by 7.9% in Q4, selling 4,451 shares and retaining 51,983 shares valued at $23.378 million.
  • Significant insider selling — Insiders sold 53,804 shares worth about $20.87 million over the past three months, including CFO Vaibhav Taneja (2,264 shares) and director Kathleen Wilson‑Thompson (25,809 shares); insiders now own 19.90% of the company.
  • Recent results and analyst view — Tesla beat EPS estimates ($0.41 vs. $0.39) but missed revenue forecasts ($22.39B vs. $22.96B); the company is valued at about $1.47 trillion with an average analyst rating of "Hold" and a $398.42 target.
  • MarketBeat previews top five stocks to own in June.

Reynders McVeigh Capital Management LLC cut its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 51,983 shares of the electric vehicle producer's stock after selling 4,451 shares during the quarter. Reynders McVeigh Capital Management LLC's holdings in Tesla were worth $23,378,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Brighton Jones LLC boosted its position in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after acquiring an additional 931 shares during the last quarter. Bison Wealth LLC boosted its position in Tesla by 52.2% during the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock worth $4,187,000 after acquiring an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Tesla by 9.1% during the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer's stock worth $3,855,000 after acquiring an additional 1,011 shares during the last quarter. Finally, AGP Franklin LLC raised its stake in Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer's stock worth $1,544,000 after purchasing an additional 851 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,264 shares of the company's stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $7,188,625.18. This represents a 11.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kathleen Wilson-Thompson sold 25,809 shares of the company's stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $359.33, for a total transaction of $9,273,947.97. Following the sale, the director directly owned 33,860 shares in the company, valued at approximately $12,166,913.80. The trade was a 43.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 53,804 shares of company stock worth $20,865,598 over the last three months. Insiders own 19.90% of the company's stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $510.00 target price on shares of Tesla in a report on Wednesday, April 22nd. JPMorgan Chase & Co. reiterated a "sell" rating on shares of Tesla in a report on Wednesday, April 22nd. President Capital boosted their target price on shares of Tesla from $424.00 to $428.00 and gave the company a "buy" rating in a report on Monday, April 27th. Weiss Ratings reissued a "hold (c-)" rating on shares of Tesla in a research report on Friday, April 24th. Finally, Piper Sandler reissued an "overweight" rating on shares of Tesla in a research report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and an average target price of $398.42.

View Our Latest Report on TSLA

Tesla Price Performance

Tesla stock opened at $390.82 on Monday. The company's 50 day simple moving average is $383.09 and its 200-day simple moving average is $419.10. The company has a market capitalization of $1.47 trillion, a price-to-earnings ratio of 358.55, a price-to-earnings-growth ratio of 14.87 and a beta of 1.79. Tesla, Inc. has a 1 year low of $271.00 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly 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 business had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business's revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. As a group, equities research analysts expect that Tesla, Inc. will post 1.25 earnings per share for the current year.

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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