Bleakley Financial Group LLC Increases Holdings in Tesla, Inc. $TSLA

Bleakley Financial Group LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 7.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 102,669 shares of the electric vehicle producer’s stock after acquiring an additional 7,440 shares during the quarter. Bleakley Financial Group LLC’s holdings in Tesla were worth $46,172,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in TSLA. Networth Advisors LLC purchased a new stake in Tesla in the 4th quarter worth about $26,000. Chapman Financial Group LLC purchased a new stake in Tesla in the 2nd quarter worth about $26,000. Davidson Capital Management Inc. raised its position in Tesla by 79.4% in the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after purchasing an additional 27 shares during the period. Prism Advisors Inc. purchased a new stake in Tesla in the 4th quarter worth about $30,000. Finally, Turning Point Benefit Group Inc. purchased a new stake in Tesla in the 3rd quarter worth about $30,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on TSLA. Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a research report on Monday, April 27th. President Capital increased their price objective on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Tigress Financial began coverage on shares of Tesla in a research report on Monday, April 27th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. reissued a “sell” rating on shares of Tesla in a research report on Wednesday, April 22nd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $510.00 price objective on shares of Tesla in a research report on Wednesday, April 22nd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $395.20.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 3,000 shares of the 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 transaction, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the 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 transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 83,213 shares of company stock worth $32,201,105. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ:TSLA opened at $426.01 on Tuesday. The firm has a market cap of $1.60 trillion, a PE ratio of 390.83, a price-to-earnings-growth ratio of 16.82 and a beta of 1.79. The firm’s 50 day simple moving average is $388.38 and its 200-day simple moving average is $416.42. Tesla, Inc. has a one year low of $273.21 and a one year high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

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

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s indirect exposure to SpaceX is getting more attention as SpaceX moves toward an IPO, and some investors are viewing that stake as an added source of upside for TSLA beyond its core auto business. Did Tesla’s SpaceX Stake And China FSD Rollout Just Reframe TSLA’s AI And Autonomy Story?
• Positive Sentiment: Reports that Tesla has rolled out Full Self-Driving (Supervised) in China are helping support the company’s long-term autonomy narrative and could improve investor confidence in future software-driven revenue growth. Weekend Round-Up: Tesla’s FSD In China, Nvidia’s Uber Partnership, Boeing’s 737 Max Case Victory And More
• Positive Sentiment: Elon Musk pushed back on criticism that his politics are hurting Tesla’s brand, while also reiterating that the Model Y remains a sales leader, which may reassure some investors about demand resilience. Elon Musk Hits Back At Tesla Brand Damage Critics, Reaffirms Model Y’s Sales Dominance

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.