Zevenbergen Capital Investments LLC Sells 12,137 Shares of Tesla, Inc. $TSLA

Zevenbergen Capital Investments LLC lessened its holdings in Tesla, Inc. (NASDAQ:TSLA) by 2.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 521,985 shares of the electric vehicle producer’s stock after selling 12,137 shares during the quarter. Tesla comprises approximately 4.3% of Zevenbergen Capital Investments LLC’s investment portfolio, making the stock its 5th largest holding. Zevenbergen Capital Investments LLC’s holdings in Tesla were worth $185,205,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Corient Private Wealth LLC raised its stake in shares of Tesla by 3,205.5% in the fourth quarter. Corient Private Wealth LLC now owns 21,459,599 shares of the electric vehicle producer’s stock valued at $9,650,811,000 after acquiring an additional 20,810,386 shares in the last quarter. Legal & General Group Plc purchased a new stake in Tesla during the 2nd quarter worth about $8,535,612,000. Bank of New York Mellon Corp purchased a new stake in Tesla during the 2nd quarter worth about $6,083,630,000. Deutsche Bank AG acquired a new stake in Tesla in the 2nd quarter valued at about $4,039,090,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Tesla in the 2nd quarter valued at about $3,144,509,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

More Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Q3 delivery beat supports near-term sentiment. Tesla delivered 486,532 vehicles, exceeding expectations despite a slight year-over-year decline. Attention now shifts to automotive margins and the company’s upcoming earnings report, since weaker profitability could offset the delivery performance. Tesla’s EV Delivery Beat Is In, So What Happens Now?
• Positive Sentiment: Commercial charging expansion strengthens Tesla’s energy and infrastructure opportunity. Tesla and Pilot opened their first Megacharger site in Georgia for heavy-duty electric trucks and announced three additional locations. Separately, logistics company IMC ordered 50 Tesla Semis, providing validation for Tesla’s commercial-vehicle ambitions. Pilot and Tesla Open First Megacharger Site
• Positive Sentiment: Autonomy-related developments remain a long-term bullish catalyst. Lemonade expanded autonomous-car insurance discounts to more Tesla vehicles using FSD, while Germany’s transport minister backed faster European approval of Tesla’s supervised FSD technology. Wider availability could support software revenue, although regulatory approval remains unresolved. Lemonade Adds Support for Tesla FSD
• Neutral Sentiment: Analysts see substantial upside but acknowledge execution risk. UBS raised its price target to $391 and called Tesla’s setup tactically favorable, with software, robotaxis, robotics and energy storage viewed as potential growth drivers beyond vehicle sales. UBS Flags a Bullish Setup in Tesla Stock
• Negative Sentiment: Valuation remains the biggest pressure point. Tesla trades at a far higher earnings multiple than competitors such as BYD, prompting even longtime bullish investors to warn that a strong business does not necessarily make the stock attractive at its current price. BYD Trades at 20 Times Earnings. Tesla Trades at 344.
• Negative Sentiment: AI spending and profitability concerns are limiting enthusiasm. Tesla is committing significant resources to chips, autonomy and robotics while investors still face questions about cash use, vehicle margins and the lack of detailed updates on Optimus. This makes the stock particularly sensitive to any earnings disappointment. Tesla’s Big AI Gamble Puts Its EV Business Under a Microscope

Tesla Stock Down 0.7%

TSLA traded down $2.81 on Thursday, reaching $375.00. The company’s stock had a trading volume of 28,299,486 shares, compared to its average volume of 51,356,391. The company has a market capitalization of $1.48 trillion, a price-to-earnings ratio of 347.23, a P/E/G ratio of 20.34 and a beta of 1.92. Tesla, Inc. has a fifty-two week low of $297.38 and a fifty-two week high of $498.83. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The stock has a 50 day moving average of $354.18 and a two-hundred day moving average of $377.19.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Thursday, July 23rd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.17). Tesla had a return on equity of 3.82% and a net margin of 3.67%.The company had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. During the same quarter in the prior year, the firm posted $0.33 EPS. The firm’s quarterly revenue was up 25.5% compared to the same quarter last year. As a group, analysts forecast that Tesla, Inc. will post 0.83 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Vaibhav Taneja sold 2,606 shares of the business’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $360.13, for a total value of $938,498.78. Following the completion of the sale, the chief financial officer directly owned 25,972 shares of the company’s stock, valued at $9,353,296.36. The trade was a 9.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 19.90% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Piper Sandler assumed coverage on Tesla in a research report on Monday, September 14th. They set an “overweight” rating for the company. Roth Capital reiterated a “buy” rating and issued a $505.00 price target on shares of Tesla in a research note on Thursday, July 23rd. Truist Financial set a $370.00 price target on shares of Tesla and gave the stock a “hold” rating in a report on Thursday, July 23rd. Stifel Nicolaus set a $491.00 price objective on shares of Tesla and gave the company a “buy” rating in a research report on Monday, August 3rd. Finally, William Blair restated a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seventeen have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $412.19.

Tesla Profile

Tesla, Inc (NASDAQ:TSLA) designs, manufactures and sells electric vehicles, energy storage systems and solar energy products. Its vehicle lineup includes the Model S, Model 3, Model X, Model Y, Cybertruck and Tesla Semi. The company also develops vehicle software and driver-assistance features, operates a global Supercharger network and provides related vehicle services.

Tesla’s energy business offers battery storage products for residential, commercial and utility customers, including Powerwall and Megapack, as well as solar panels and solar roofing products.