Tesla, Inc. $TSLA Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 65,700,975 shares of the electric vehicle producer’s stock after purchasing an additional 375,946 shares during the period. Tesla comprises approximately 1.8% of Geode Capital Management LLC’s investment portfolio, making the stock its 9th largest position. Geode Capital Management LLC’s holdings in Tesla were worth $29,426,070,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Fidelis Capital Partners LLC boosted its holdings in shares of Tesla by 5.8% during the fourth quarter. Fidelis Capital Partners LLC now owns 22,590 shares of the electric vehicle producer’s stock worth $10,159,000 after purchasing an additional 1,244 shares during the period. Knights of Columbus Asset Advisors LLC lifted its holdings in Tesla by 34.8% during the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 64,481 shares of the electric vehicle producer’s stock valued at $28,998,000 after purchasing an additional 16,652 shares during the last quarter. King Luther Capital Management Corp boosted its position in Tesla by 250.1% in the fourth quarter. King Luther Capital Management Corp now owns 38,336 shares of the electric vehicle producer’s stock valued at $17,240,000 after buying an additional 27,386 shares in the last quarter. TrustBank acquired a new position in shares of Tesla in the 4th quarter worth approximately $251,000. Finally, Roundview Capital LLC boosted its stake in Tesla by 4.8% in the fourth quarter. Roundview Capital LLC now owns 1,667 shares of the electric vehicle producer’s stock worth $750,000 after purchasing an additional 76 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the company’s 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 sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 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 completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. 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. In the last quarter, insiders have sold 57,482 shares of company stock worth $21,508,331. Company insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of Tesla stock opened at $440.36 on Thursday. The firm has a market cap of $1.65 trillion, a price-to-earnings ratio of 404.00, a price-to-earnings-growth ratio of 17.12 and a beta of 1.79. The stock’s 50-day moving average is $390.12 and its 200-day moving average is $416.18. 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 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 (EPS) for the quarter, topping the consensus estimate 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 return on equity of 4.89% and a net margin of 3.95%.Tesla’s revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.27 earnings per share. Equities analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research reports. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a research report on Thursday, January 29th. Mizuho cut their target price on Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Morgan Stanley set a $415.00 price objective on Tesla and gave the company an “equal weight” rating in a research report on Thursday, January 29th. Finally, Truist Financial reduced their target price on shares of Tesla from $438.00 to $400.00 and set a “hold” rating for the company in a research note on Thursday, April 2nd. Nineteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $395.20.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s European sales momentum appears to be improving, with multiple reports citing April registrations up sharply year over year and suggesting the EV business is regaining traction after a long slump. Tesla Logs Strong Growth in European Monthly Sales
• Positive Sentiment: Wall Street is also focusing on Tesla’s robotaxi and Optimus opportunities, with coverage saying a new patent could protect future revenue drivers and that the stock is approaching a technical breakout setup. Tesla Patent Could Protect Two Biggest Future Revenue Drivers: Here’s Why ‘Lens Cleaning System’ May Matter
• Positive Sentiment: Renewed speculation around a possible SpaceX-Tesla tie-up is adding excitement, with reports and commentary suggesting the rumored SpaceX IPO could become a major long-term catalyst for Tesla shareholders. SpaceX-Tesla merger chatter reignites as Musk pushes rocket company towards Nasdaq

About Tesla

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.