Box Hill Private Wealth LLC Buys Shares of 5,940 Tesla, Inc. $TSLA

Box Hill Private Wealth LLC bought a new stake in Tesla, Inc. (NASDAQ:TSLA) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 5,940 shares of the electric vehicle producer’s stock, valued at approximately $2,671,000. Tesla makes up approximately 2.7% of Box Hill Private Wealth LLC’s holdings, making the stock its 7th biggest holding.

A number of other hedge funds also recently added to or reduced their stakes in TSLA. Mmbg Investment Advisors CO. lifted its stake in shares of Tesla by 18.0% during the fourth quarter. Mmbg Investment Advisors CO. now owns 1,659 shares of the electric vehicle producer’s stock valued at $746,000 after buying an additional 253 shares during the period. Seaview Investment Managers LLC purchased a new position in shares of Tesla during the fourth quarter valued at approximately $507,000. CBIZ Investment Advisory Services LLC lifted its stake in shares of Tesla by 3.9% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 1,185 shares of the electric vehicle producer’s stock valued at $533,000 after buying an additional 44 shares during the period. Blue Bell Private Wealth Management LLC raised its stake in Tesla by 26.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,486 shares of the electric vehicle producer’s stock worth $1,118,000 after purchasing an additional 524 shares during the period. Finally, GatePass Capital LLC purchased a new position in Tesla during the fourth quarter worth approximately $224,000. 66.20% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of the 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 transaction, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This represents a 35.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 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 transaction, the chief financial officer owned 18,106 shares in the company, valued at $8,147,700. This trade represents a 14.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 83,213 shares of company stock valued at $32,201,105. Company insiders own 19.90% of the company’s stock.

Tesla Price Performance

TSLA opened at $426.01 on Tuesday. The company has a fifty day simple moving average of $388.38 and a 200 day simple moving average of $416.42. The firm has a market cap of $1.60 trillion, a price-to-earnings ratio of 390.83, a PEG ratio of 16.82 and a beta of 1.79. Tesla, Inc. has a twelve month low of $273.21 and a twelve month high of $498.83. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The business had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The business’s revenue was up 15.8% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. Equities research analysts expect that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TSLA. Truist Financial cut their price target on shares of Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. UBS Group increased their price target on shares of Tesla from $352.00 to $364.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Benchmark reaffirmed a “buy” rating on shares of Tesla in a research note on Wednesday, February 11th. DZ Bank raised shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target on the stock in a research note on Friday, April 24th. Finally, Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $395.20.

Key Tesla News

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s indirect exposure to SpaceX is getting more attention as SpaceX moves toward an IPO, and some investors are viewing that stake as an added source of upside for TSLA beyond its core auto business. Did Tesla’s SpaceX Stake And China FSD Rollout Just Reframe TSLA’s AI And Autonomy Story?
• Positive Sentiment: Reports that Tesla has rolled out Full Self-Driving (Supervised) in China are helping support the company’s long-term autonomy narrative and could improve investor confidence in future software-driven revenue growth. Weekend Round-Up: Tesla’s FSD In China, Nvidia’s Uber Partnership, Boeing’s 737 Max Case Victory And More
• Positive Sentiment: Elon Musk pushed back on criticism that his politics are hurting Tesla’s brand, while also reiterating that the Model Y remains a sales leader, which may reassure some investors about demand resilience. Elon Musk Hits Back At Tesla Brand Damage Critics, Reaffirms Model Y’s Sales Dominance

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.