Rip Road Capital Partners LP lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 25.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,936 shares of the electric vehicle producer's stock after selling 5,364 shares during the period. Tesla makes up approximately 5.4% of Rip Road Capital Partners LP's portfolio, making the stock its 8th biggest holding. Rip Road Capital Partners LP's holdings in Tesla were worth $6,436,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Tesla by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 243,193,181 shares of the electric vehicle producer's stock worth $98,211,134,000 after buying an additional 3,571,793 shares during the period. Geode Capital Management LLC boosted its stake in shares of Tesla by 2.8% during the 4th quarter. Geode Capital Management LLC now owns 61,011,604 shares of the electric vehicle producer's stock worth $24,566,217,000 after acquiring an additional 1,655,203 shares in the last quarter. Norges Bank purchased a new stake in shares of Tesla during the 4th quarter worth approximately $14,420,248,000. FMR LLC grew its holdings in shares of Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after acquiring an additional 9,920,325 shares during the period. Finally, Northern Trust Corp increased its stake in Tesla by 21.6% in the 4th quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after purchasing an additional 5,075,418 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.
Analysts Set New Price Targets
A number of analysts have commented on the company. TD Cowen upgraded Tesla from a "hold" rating to a "buy" rating and boosted their target price for the stock from $180.00 to $388.00 in a research report on Friday, March 7th. BNP Paribas set a $137.00 price objective on shares of Tesla and gave the stock an "underperform" rating in a research report on Wednesday, April 16th. Wedbush restated an "outperform" rating and set a $350.00 target price on shares of Tesla in a report on Thursday, May 1st. Benchmark reaffirmed a "buy" rating and issued a $350.00 price target on shares of Tesla in a report on Wednesday, April 23rd. Finally, Mizuho lowered their price target on shares of Tesla from $375.00 to $325.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 23rd. Ten analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $287.46.
Check Out Our Latest Stock Analysis on TSLA
Insider Activity
In related news, Director Robyn M. Denholm sold 112,390 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $299.61, for a total value of $33,673,167.90. Following the transaction, the director now owns 85,000 shares in the company, valued at approximately $25,466,850. This trade represents a 56.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,672 shares of the company's stock in a transaction on Thursday, March 6th. The stock was sold at an average price of $268.73, for a total transaction of $718,046.56. Following the sale, the chief financial officer now directly owns 26,950 shares of the company's stock, valued at approximately $7,242,273.50. This trade represents a 9.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 412,623 shares of company stock valued at $115,600,501 in the last three months. Corporate insiders own 20.70% of the company's stock.
Tesla Stock Up 4.1%
Shares of TSLA opened at $347.68 on Thursday. Tesla, Inc. has a fifty-two week low of $167.41 and a fifty-two week high of $488.54. The company's fifty day moving average is $262.55 and its two-hundred day moving average is $328.41. The firm has a market cap of $1.12 trillion, a PE ratio of 170.43, a price-to-earnings-growth ratio of 5.86 and a beta of 2.43. The company has a quick ratio of 1.61, a current ratio of 2.02 and a debt-to-equity ratio of 0.08.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The electric vehicle producer reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). Tesla had a net margin of 7.26% and a return on equity of 10.31%. The firm had revenue of $19.34 billion during the quarter, compared to analyst estimates of $22.93 billion. During the same quarter in the previous year, the business posted $0.45 EPS. Analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.
About Tesla
(
Free Report)
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Tesla, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tesla wasn't on the list.
While Tesla currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat's analysts have just released their top five short plays for May 2025. Learn which stocks have the most short interest and how to trade them. Enter your email address to see which companies made the list.
Get This Free Report
