Trivest Advisors Ltd Takes $4.50 Million Position in Tesla, Inc. $TSLA

Trivest Advisors Ltd bought a new stake in Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, Holdings Channel reports. The institutional investor bought 10,000 shares of the electric vehicle producer’s stock, valued at approximately $4,497,000. Tesla makes up approximately 0.2% of Trivest Advisors Ltd’s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. WINTON GROUP Ltd bought a new stake in Tesla during the 4th quarter worth approximately $5,367,000. Viewpoint Capital Management LLC boosted its stake in shares of Tesla by 1.1% in the 4th quarter. Viewpoint Capital Management LLC now owns 18,648 shares of the electric vehicle producer’s stock valued at $8,386,000 after purchasing an additional 203 shares during the last quarter. Arsenal Capital Advisors LLC bought a new position in Tesla during the fourth quarter worth $1,100,000. Flagship Wealth Advisors LLC boosted its stake in Tesla by 179.5% during the fourth quarter. Flagship Wealth Advisors LLC now owns 10,005 shares of the electric vehicle producer’s stock worth $4,499,000 after acquiring an additional 6,425 shares in the last quarter. Finally, Petersen Hastings Wealth Advisors Inc. bought a new position in Tesla during the fourth quarter worth $282,000. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. President Capital upped their price objective on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Truist Financial decreased their price objective on shares of Tesla from $438.00 to $400.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Erste Group Bank upgraded shares of Tesla from a “sell” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. upgraded shares of Tesla from an “underweight” rating to a “neutral” rating and raised their price objective for the stock from $145.00 to $475.00 in a report on Friday. Finally, TD Cowen reiterated a “buy” rating and issued a $490.00 target price on shares of Tesla in a research note on Thursday. Twenty-two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $404.37.

Tesla Price Performance

TSLA stock opened at $391.00 on Friday. The firm has a 50 day moving average of $395.33 and a 200-day moving average of $416.06. 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 12 month low of $281.85 and a 12 month high of $498.83. The firm has a market capitalization of $1.47 trillion, a P/E ratio of 358.72, a price-to-earnings-growth ratio of 16.52 and a beta of 1.80.

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

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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 that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 55,218 shares of company stock valued at $20,609,455. 19.90% of the stock is currently owned by company insiders.

Key Stories Impacting Tesla

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 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.