Tesla, Inc. $TSLA Shares Purchased by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC grew its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 115.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,310 shares of the electric vehicle producer’s stock after buying an additional 14,627 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Tesla were worth $10,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in TSLA. PFS Partners LLC raised its holdings in Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after purchasing an additional 24 shares in the last quarter. Boltwood Capital Management lifted its position in Tesla by 1.2% in the fourth quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock worth $953,000 after purchasing an additional 25 shares during the period. Woodmont Investment Counsel LLC boosted its stake in Tesla by 1.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after purchasing an additional 25 shares in the last quarter. Aspect Partners LLC increased its position in shares of Tesla by 12.5% during the 4th quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after purchasing an additional 25 shares during the period. Finally, Human Investing LLC increased its position in shares of Tesla by 4.5% during the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after purchasing an additional 25 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s 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 completion of the sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale 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 2,606 shares of Tesla stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at approximately $8,864,085.80. This trade represents a 10.57% 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. Over the last three months, insiders sold 32,015 shares of company stock valued at $12,383,640. Company insiders own 19.90% of the company’s stock.

Tesla Trading Up 8.5%

Shares of NASDAQ TSLA opened at $411.84 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12 month low of $288.77 and a 12 month high of $498.83. The company has a market cap of $1.55 trillion, a price-to-earnings ratio of 377.83, a P/E/G ratio of 15.18 and a beta of 1.80. The business has a fifty day simple moving average of $406.07 and a 200-day simple moving average of $412.75.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (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 business had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the business earned $0.27 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. Sell-side analysts predict that Tesla, Inc. will post 1.19 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TSLA shares. Tigress Financial assumed coverage on Tesla in a report on Monday, April 27th. They issued a “buy” rating for the company. BNP Paribas Exane cut shares of Tesla from a “hold” rating to an “underperform” rating in a research report on Friday, June 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of Tesla in a report on Friday, April 24th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Tesla in a research report on Wednesday, June 24th. Finally, Jefferies Financial Group lifted their price objective on shares of Tesla from $350.00 to $375.00 and gave the stock a “hold” rating in a research note on Monday, June 22nd. Twenty-one research analysts have rated the stock with a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has a consensus rating of “Hold” and a consensus target price of $403.07.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s FSD V14 Lite rollout and software boost for older cars renewed enthusiasm around its self-driving and robotaxi prospects. Tesla’s stock rips higher after a long-awaited update to self-driving technology
• Positive Sentiment: Strong pre-delivery optimism continues, with Morgan Stanley raising its Q2 delivery estimate on better Europe and China trends. Morgan Stanley Lifts Tesla Delivery Forecast on Stronger Europe and China Demand (TSLA)
• Positive Sentiment: Bullish sector sentiment and a tech rebound lifted EV stocks broadly, adding momentum to TSLA. TSLA, LCID, RIVN: Here’s Why EV Stocks Are Surging Today
• Neutral Sentiment: Investors are awaiting Tesla’s Q2 delivery report, which remains a key near-term catalyst. Tesla Reports Q2 Deliveries in a Matter of Days. Here’s the Number That Matters.
• Negative Sentiment: Some analysts still say Tesla’s valuation depends on much higher FSD performance, showing continued skepticism around autonomy timelines. Tesla Stock (TSLA) Won’t Beat the Nasdaq Until FSD Hits 99.99%, Analyst Warns

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.