Meiji Yasuda Asset Management Co Ltd. Sells 1,902 Shares of Tesla, Inc. $TSLA

Meiji Yasuda Asset Management Co Ltd. trimmed its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 47,406 shares of the electric vehicle producer’s stock after selling 1,902 shares during the quarter. Tesla makes up 1.0% of Meiji Yasuda Asset Management Co Ltd.’s portfolio, making the stock its 14th largest position. Meiji Yasuda Asset Management Co Ltd.’s holdings in Tesla were worth $21,319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Cloud Capital Management LLC raised its stake in shares of Tesla by 1.1% during the 3rd quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares during the period. PFS Partners LLC increased its holdings in Tesla by 4.2% during the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after acquiring an additional 24 shares during the period. Monte Financial Group LLC increased its holdings in Tesla by 1.5% during the 3rd quarter. Monte Financial Group LLC now owns 1,644 shares of the electric vehicle producer’s stock worth $731,000 after acquiring an additional 25 shares during the period. Bank of Jackson Hole Trust increased its holdings in Tesla by 1.0% during the 3rd quarter. Bank of Jackson Hole Trust now owns 2,497 shares of the electric vehicle producer’s stock worth $1,110,000 after acquiring an additional 25 shares during the period. Finally, Presidio Capital Management LLC increased its holdings in Tesla by 0.6% during the 3rd quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock worth $1,777,000 after acquiring an additional 25 shares during the period. 66.20% of the stock is currently owned by institutional investors.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla confirmed FSD Supervised is now available in China, potentially boosting software monetization and competitiveness in a key EV market. Article Title
• Positive Sentiment: New SpaceX filing details suggest Tesla remains deeply intertwined with Musk’s broader ecosystem, including AI and infrastructure projects that could support the long-term bull case for TSLA. Article Title
• Neutral Sentiment: Analysts are debating whether a future SpaceX-Tesla combination is plausible, but it remains speculation rather than an announced deal. Article Title
• Negative Sentiment: Investors warn that SpaceX’s IPO could increase scrutiny on Musk and pull attention away from Tesla’s execution, especially if the public market starts comparing the two businesses more directly. Article Title
• Negative Sentiment: Bearish commentary continues to argue Tesla is overvalued and facing pressure from policy, competition, and weaker sentiment around its core auto business. Article Title

Tesla Stock Performance

NASDAQ:TSLA opened at $417.85 on Friday. The business has a 50 day moving average of $387.39 and a 200 day moving average of $416.85. The company has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 383.35, a PEG ratio of 16.48 and a beta of 1.79. Tesla, Inc. has a 1-year low of $273.21 and a 1-year high of $498.83. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62.

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

Insider Buying and Selling at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the stock in a transaction 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 owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. 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 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 directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 83,213 shares of company stock worth $32,201,105. 19.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TSLA shares. Morgan Stanley set a $415.00 target price on shares of Tesla and gave the stock an “equal weight” rating in a report on Thursday, January 29th. BNP Paribas Exane raised shares of Tesla from an “underperform” rating to a “neutral” rating in a report on Monday, April 27th. Tigress Financial started coverage on Tesla in a research note on Monday, April 27th. They issued a “buy” rating on the stock. Barclays restated a “neutral” rating on shares of Tesla in a research note on Wednesday, May 13th. Finally, Robert W. Baird decreased their target price on Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $395.20.

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.