University of Texas Texas AM Investment Management Co. Boosts Stake in Tesla, Inc. $TSLA

University of Texas Texas AM Investment Management Co. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 9.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 17,062 shares of the electric vehicle producer’s stock after acquiring an additional 1,538 shares during the quarter. Tesla accounts for approximately 1.1% of University of Texas Texas AM Investment Management Co.’s portfolio, making the stock its 12th largest position. University of Texas Texas AM Investment Management Co.’s holdings in Tesla were worth $7,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. PFS Partners LLC raised its position in Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after purchasing an additional 24 shares in the last quarter. Journey Advisory Group LLC boosted its holdings in shares of Tesla by 0.7% in the 3rd quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer’s stock worth $1,518,000 after purchasing an additional 25 shares in the last quarter. Boltwood Capital Management increased its position in shares of Tesla by 1.2% during the 4th quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock valued at $953,000 after purchasing an additional 25 shares during the last quarter. Woodmont Investment Counsel LLC raised its holdings in shares of 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 buying an additional 25 shares in the last quarter. Finally, Aspect Partners LLC raised its holdings 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 buying an additional 25 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Up 1.2%

Shares of Tesla stock opened at $411.15 on Tuesday. 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, Inc. has a 52-week low of $288.77 and a 52-week high of $498.83. The company’s 50 day moving average price is $399.36 and its 200-day moving average price is $415.94. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 377.20, a P/E/G ratio of 16.25 and a beta of 1.80.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analysts’ expectations of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 EPS. Equities research analysts forecast that Tesla, Inc. will post 1.19 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on TSLA. Roth Mkm reaffirmed a “buy” rating on shares of Tesla in a research note on Thursday, April 23rd. JPMorgan Chase & Co. upgraded shares of Tesla from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $145.00 to $475.00 in a report on Friday, June 5th. HSBC reaffirmed a “hold” rating on shares of Tesla in a research note on Monday. Robert W. Baird decreased their target price on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, April 23rd. Twenty-one analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus price target of $404.37.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: SpaceX’s blockbuster IPO has intensified talk that Elon Musk could eventually combine Tesla and SpaceX, with some bullish commentators arguing the two companies’ AI, robotics, and data ambitions could be more valuable together. That speculation has helped support TSLA shares. Forget Robotaxis, Wall Street’s Finally Asking the Real Tesla Question
• Positive Sentiment: Piper Sandler reportedly said Tesla has “cracked” the self-driving challenge, reinforcing the longer-term bull case around Full Self-Driving, robotaxis, and Optimus.
• Neutral Sentiment: Goldman Sachs maintained a Hold rating and a $375 price target, noting that stronger global deliveries offset U.S. softness, which suggests the stock may still have support but not a clear catalyst from this note alone. Tesla Rated Hold as Global Delivery Strength Offsets U.S. Softness; $375 Price Target Reiterated
• Neutral Sentiment: Several market roundups and “stocks to watch” pieces kept Tesla in the spotlight, but they did not add a major new fundamental driver.
• Negative Sentiment: Reuters reported that European regulators in Sweden and the Netherlands said Tesla presented misleading Full Self-Driving safety data while seeking approval in Europe, increasing the risk of regulatory backlash around a key growth product. Exclusive: Tesla presented misleading ‘Full Self-Driving’ safety data to European regulators
• Negative Sentiment: Tesla also faced headlines about FSD scrutiny from Europe, which could slow adoption and raise approval hurdles for its autonomous-driving plans.

Insider Activity

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’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 transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at $8,147,700. The trade was a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 57,824 shares of company stock valued at $21,657,588. Insiders own 19.90% of the company’s stock.

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.