Tesla, Inc. $TSLA Shares Purchased by ABN Amro Investment Solutions

ABN Amro Investment Solutions increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 435.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,240 shares of the electric vehicle producer’s stock after purchasing an additional 116,492 shares during the period. Tesla accounts for about 1.0% of ABN Amro Investment Solutions’ holdings, making the stock its 24th biggest holding. ABN Amro Investment Solutions’ holdings in Tesla were worth $64,418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Tesla by 2.6% during the fourth quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after buying an additional 6,538,720 shares during the period. State Street Corp boosted its stake in Tesla by 0.3% during the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock worth $50,592,614,000 after buying an additional 344,162 shares during the period. Capital World Investors boosted its stake in Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the period. Jennison Associates LLC boosted its stake in Tesla by 38.3% during the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after buying an additional 3,021,550 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Tesla by 5.8% during the third quarter. Franklin Resources Inc. now owns 6,737,089 shares of the electric vehicle producer’s stock worth $2,996,118,000 after buying an additional 368,493 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving software is expanding in Europe, with Lithuania becoming the second European country to approve it, reinforcing the company’s push to be viewed as an AI and robotics platform rather than just an automaker. Tesla’s Full Self-Driving software is creeping into Europe
• Positive Sentiment: Shares are getting support from investor interest in Tesla’s long-term autonomy and robotics optionality, including reports that Paul Tudor Jones boosted his TSLA stake and ARK Invest bought more Tesla alongside other AI/flying-taxi names. As Tesla Leans Into AI Pivot, Billionaire Paul Tudor Jones Just Raised His TSLA Stake by 9X
• Neutral Sentiment: SpaceX’s long-awaited IPO filing is dominating the Musk narrative and could create a new public-market destination for investors who want exposure to Elon Musk, including Tesla’s roughly 19 million SpaceX shares, but the direct impact on TSLA is still uncertain. SpaceX IPO Filing Finally Comes. Mars, Musk, and More Big Things to Watch.
• Neutral Sentiment: Analysts and commentators continue debating whether Tesla’s recent move is a technical rebound or a larger trend reversal, with chart watchers pointing to a possible hammer pattern after recent weakness. Stock Of The Day: Did Tesla Reverse?
• Negative Sentiment: TSLA is still facing valuation pressure after recent selling tied to higher Model Y prices, capex concerns, and the idea that SpaceX’s IPO could siphon investor capital away from Tesla. Tesla stock slumps over 3% to sink below $400: what happened?

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TSLA. China Renaissance lowered their target price on shares of Tesla from $382.00 to $372.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Canaccord Genuity Group increased their target price on shares of Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, April 23rd. Morgan Stanley set a $415.00 target price on shares of Tesla and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. President Capital increased their target price on shares of Tesla from $424.00 to $428.00 and gave the stock a “buy” rating in a research note on Monday, April 27th. Finally, Truist Financial lowered their price objective 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 equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $395.20.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 3,000 shares of the firm’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 sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 firm’s stock in a transaction that occurred on 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 sale, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 83,213 shares of company stock worth $32,201,105. 19.90% of the stock is owned by corporate insiders.

Tesla Stock Up 3.3%

Shares of NASDAQ:TSLA opened at $417.26 on Thursday. The firm’s 50 day moving average price is $387.02 and its 200 day moving average price is $417.12. The stock has a market cap of $1.57 trillion, a price-to-earnings ratio of 382.81, a price-to-earnings-growth ratio of 15.96 and a beta of 1.79. Tesla, Inc. has a fifty-two week low of $273.21 and a fifty-two week high of $498.83. 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 (NASDAQ:TSLA) last issued its 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 firm had revenue of $22.39 billion for 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 was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 earnings per share. As a group, equities research analysts predict that Tesla, Inc. will post 1.2 earnings per share for the current fiscal year.

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.