Tesla, Inc. $TSLA Stock Position Lowered by Diversified Trust Co

Key Points

• Diversified Trust Co. cut its Tesla stake by 10.1% in the third quarter, selling 4,312 shares and ending with 38,220 shares valued at about $13.56 million.
• Tesla’s quarterly EPS of $0.48 beat analyst estimates, but revenue of $28.05 billion was slightly below expectations and down 0.2% year over year.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $414.51; recent reports also cite possible Tesla–SpaceX merger discussions, though no deal has been confirmed.

Diversified Trust Co trimmed its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 10.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,220 shares of the electric vehicle producer's stock after selling 4,312 shares during the quarter. Diversified Trust Co's holdings in Tesla were worth $13,561,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSLA. Vista Capital Partners Inc. acquired a new position in shares of Tesla during the third quarter valued at approximately $698,000. McElhenny Sheffield Capital Management LLC lifted its position in shares of Tesla by 20.5% in the third quarter. McElhenny Sheffield Capital Management LLC now owns 1,641 shares of the electric vehicle producer's stock valued at $582,000 after acquiring an additional 279 shares in the last quarter. Crystal Cove Asset Management LLC boosted its stake in shares of Tesla by 35.3% in the third quarter. Crystal Cove Asset Management LLC now owns 1,372 shares of the electric vehicle producer's stock worth $487,000 after acquiring an additional 358 shares during the last quarter. Moors & Cabot Inc. boosted its stake in shares of Tesla by 7.5% in the third quarter. Moors & Cabot Inc. now owns 49,485 shares of the electric vehicle producer's stock worth $17,558,000 after acquiring an additional 3,455 shares during the last quarter. Finally, ICICI Prudential Asset Management Co Ltd increased its position in shares of Tesla by 3.8% during the third quarter. ICICI Prudential Asset Management Co Ltd now owns 31,054 shares of the electric vehicle producer's stock worth $11,018,000 after purchasing an additional 1,130 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Latest Tesla News

These are some of the TSLA news items that stood out recently:

• 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

Tesla Stock Performance

NASDAQ TSLA opened at $390.22 on Friday. 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 stock's fifty day moving average is $374.75 and its two-hundred day moving average is $383.05. The firm has a market capitalization of $1.54 trillion, a P/E ratio of 428.82, a price-to-earnings-growth ratio of 24.62 and a beta of 1.74. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The electric vehicle producer reported $0.48 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $28.05 billion during the quarter, compared to analysts' expectations of $28.06 billion. During the same period last year, the business earned $0.50 earnings per share. Tesla's revenue was down .2% compared to the same quarter last year. On average, research analysts anticipate that Tesla, Inc. will post 0.67 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on TSLA. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, October 22nd. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Tesla in a research note on Thursday, October 22nd. Piper Sandler reaffirmed an "overweight" rating and set a $475.00 target price (up from $450.00) on shares of Tesla in a report on Thursday, October 22nd. Wall Street Zen cut shares of Tesla from a "hold" rating to a "sell" rating in a research report on Saturday, October 24th. Finally, Barclays raised shares of Tesla from an "outperform" rating to an "overweight" rating and raised their price target for the stock from $370.00 to $450.00 in a research note on Monday, October 26th. One research 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $414.51.

Insider Buying and Selling at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total transaction of $938,498.78. Following the completion of the sale, the chief financial officer owned 25,972 shares in the company, valued at $9,353,296.36. This trade represents a 9.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 20.00% of the stock is currently owned by company insiders.

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.

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.