Donoghue Forlines LLC Makes New Investment in Tesla, Inc. $TSLA

Donoghue Forlines LLC bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, HoldingsChannel reports. The fund bought 6,494 shares of the electric vehicle producer’s stock, valued at approximately $2,920,000. Tesla makes up 0.9% of Donoghue Forlines LLC’s portfolio, making the stock its 14th biggest holding.

Other hedge funds also recently bought and sold shares of the company. Networth Advisors LLC purchased a new position in Tesla during the fourth quarter worth about $26,000. Chapman Financial Group LLC purchased a new position in Tesla during the second quarter worth about $26,000. Davidson Capital Management Inc. boosted its stake in Tesla by 79.4% during the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 27 shares during the period. Manning & Napier Advisors LLC purchased a new position in Tesla during the third quarter worth about $29,000. Finally, Prism Advisors Inc. purchased a new position in Tesla during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla received fresh momentum from reports that it was authorized to test supervised self-driving software in Belgium, reinforcing the bullish case for its autonomy roadmap. Reuters: Tesla authorised to test supervised self-driving software in Belgium
• Positive Sentiment: Investor optimism also improved after Tesla-related articles highlighted stronger China FSD hopes, a new easy-loan incentive for Chinese buyers, and broader enthusiasm around the robotaxi and Optimus narratives. TipRanks: Tesla Gives Chinese EV Drivers an ‘Easy Loan’ Incentive
• Positive Sentiment: Tesla’s Berlin expansion plan and a KBRA preliminary rating on its sustainable energy ABS deal support the view that the company is still investing in manufacturing and energy financing growth. Zacks: Can Tesla’s $250M Berlin Expansion Strengthen Its EV Lead?
• Neutral Sentiment: UBS raised its price target to $364 but kept a Neutral rating, while Barclays reiterated Neutral and Phillip Securities kept a Sell rating, signaling mixed Wall Street views rather than a clear catalyst. MarketScreener: UBS raises Tesla price target
• Neutral Sentiment: Media coverage around Elon Musk’s China trip, Trump’s delegation, and comparisons with rivals like Ford and BYD added noise, but the biggest investor takeaway is still Tesla’s AI/autonomy upside versus execution risk. Invezz: Why Tesla stock is jittery as Elon Musk visits Beijing
• Negative Sentiment: On the bearish side, Tesla faced fresh skepticism from analysts and bearish commentary about valuation, plus criticism that rivals are advancing on certain AI and EV features, which could cap upside if execution slows. TipRanks: Tesla AI Falters Against Rivian

Analyst Ratings Changes

A number of equities analysts recently commented on TSLA shares. JPMorgan Chase & Co. restated a “sell” rating on shares of Tesla in a report on Wednesday, April 22nd. Wells Fargo & Company lowered their target price on Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a report on Thursday, January 29th. Truist Financial lowered their target price on Tesla from $438.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. China Renaissance lowered their target price on Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a report on Monday, April 27th. Finally, Morgan Stanley set a $415.00 target price on Tesla and gave the company an “equal weight” rating in a report on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $395.20.

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer owned 18,106 shares of the company’s stock, valued at $7,188,625.18. The trade was a 11.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 80,213 shares of company stock valued at $30,851,105 in the last quarter. Company insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $443.30 on Friday. The stock has a 50-day simple moving average of $386.08 and a 200-day simple moving average of $418.25. 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 $1.66 trillion, a PE ratio of 406.70, a PEG ratio of 17.56 and a beta of 1.79. Tesla, Inc. has a 1 year low of $273.21 and a 1 year high of $498.83.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 EPS. On average, analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Tesla 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.