Los Angeles Capital Management LLC Has $348.01 Million Stock Holdings in Tesla, Inc. $TSLA

Los Angeles Capital Management LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 49.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 790,762 shares of the electric vehicle producer’s stock after buying an additional 262,359 shares during the quarter. Tesla comprises approximately 1.2% of Los Angeles Capital Management LLC’s portfolio, making the stock its 12th largest holding. Los Angeles Capital Management LLC’s holdings in Tesla were worth $348,014,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Networth Advisors LLC acquired a new stake in shares of Tesla in the fourth quarter valued at $26,000. Davidson Capital Management Inc. increased its stake in shares of Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after buying an additional 27 shares in the last quarter. Turning Point Benefit Group Inc. acquired a new stake in shares of Tesla in the third quarter valued at $30,000. Prism Advisors Inc. acquired a new stake in shares of Tesla in the fourth quarter valued at $30,000. Finally, Texas Capital Bancshares Inc TX acquired a new stake in shares of Tesla in the third quarter valued at $31,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. TD Cowen restated a “buy” rating and issued a $490.00 target price on shares of Tesla in a research note on Thursday. Jefferies Financial Group restated a “neutral” rating on shares of Tesla in a research note on Wednesday, April 22nd. BNP Paribas Exane lowered Tesla from a “hold” rating to an “underperform” rating in a research note on Friday. Cantor Fitzgerald reiterated an “overweight” rating on shares of Tesla in a research report on Monday, June 1st. Finally, UBS Group lifted their price objective on Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. Twenty-two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $404.37.

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 transaction of $9,985,506.99. Following the transaction, 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. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of Tesla stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 55,218 shares of company stock worth $20,609,455 in the last quarter. 19.90% of the stock is currently owned by company insiders.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: J.P. Morgan upgraded Tesla and said the company’s long-term story is being driven by autonomous driving and robotics, which is a meaningful endorsement from a former bear. JP Morgan upgrades Tesla to ‘neutral’, sees robotics driving long-term growth
• Positive Sentiment: Broader commentary around Tesla’s AI and robotics ambitions, including Optimus and robotaxi progress, is reinforcing the bullish case that Tesla could be valued more like an AI platform than a carmaker. J.P. Morgan Upgrades Tesla Stock (TSLA) to ‘Neutral,’ Says ‘TSLA Is at the Forefront of Physical AI’
• Positive Sentiment: Some reports point to improving vehicle sales and stronger autonomous-driving momentum, including expansion of Tesla’s robotaxi service in Austin and rising global EV sales led by Tesla. Global Electric Vehicle Sales Rose 16% in April, Led by Tesla (TSLA)
• Neutral Sentiment: SpaceX’s huge IPO and Elon Musk-related headlines are boosting attention on Musk’s broader empire, but they are not direct operating catalysts for Tesla’s core business. SpaceX targets $135 IPO price at valuation of $1.77 trillion
• Negative Sentiment: Tesla remains vulnerable to valuation concerns, with multiple pieces noting that the stock price already reflects a lot of future AI and robotics success before those profits are proven. Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
• Negative Sentiment: There are also recurring concerns about competition, robotaxi execution, and softer short-term trading sentiment, which may limit upside even after the upgrade. More Unfortunate News for Tesla Stock Investors

Tesla Price Performance

Shares of TSLA opened at $391.00 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 1 year low of $281.85 and a 1 year high of $498.83. The stock has a market cap of $1.47 trillion, a P/E ratio of 358.72, a price-to-earnings-growth ratio of 15.44 and a beta of 1.80. The stock’s 50-day moving average price is $395.33 and its two-hundred day moving average price is $416.06.

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