J.W. Cole Advisors Inc. Has $33.46 Million Stake in Tesla, Inc. $TSLA

J.W. Cole Advisors Inc. trimmed its stake in Tesla, Inc. (NASDAQ:TSLA) by 1.8% during the fourth quarter, Holdings Channel reports. The fund owned 74,405 shares of the electric vehicle producer’s stock after selling 1,367 shares during the quarter. Tesla accounts for 0.7% of J.W. Cole Advisors Inc.’s holdings, making the stock its 20th largest position. J.W. Cole Advisors Inc.’s holdings in Tesla were worth $33,461,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Crestwood Advisors Group LLC raised its stake in shares of Tesla by 34.7% in the 4th quarter. Crestwood Advisors Group LLC now owns 19,567 shares of the electric vehicle producer’s stock valued at $8,799,000 after acquiring an additional 5,039 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Tesla by 29.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock valued at $14,487,000 after acquiring an additional 7,446 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its stake in shares of Tesla by 8.8% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 48,504 shares of the electric vehicle producer’s stock valued at $21,571,000 after acquiring an additional 3,935 shares in the last quarter. Calamos Wealth Management LLC raised its stake in shares of Tesla by 5.9% in the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock valued at $18,846,000 after acquiring an additional 2,341 shares in the last quarter. Finally, Willis Johnson & Associates Inc. raised its stake in shares of Tesla by 21.6% in the 3rd quarter. Willis Johnson & Associates Inc. now owns 8,917 shares of the electric vehicle producer’s stock valued at $3,965,000 after acquiring an additional 1,582 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

Shares of TSLA stock opened at $418.45 on Friday. The stock’s fifty day simple moving average is $395.23 and its 200 day simple moving average is $416.24. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. The firm has a market cap of $1.57 trillion, a price-to-earnings ratio of 383.90, a P/E/G ratio of 16.73 and a beta of 1.80. Tesla, Inc. has a one year low of $273.21 and a one year high of $498.83.

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

Analyst Upgrades and Downgrades

A number of analysts have issued reports on TSLA shares. Truist Financial lowered their target price on Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Tesla in a report on Tuesday. UBS Group raised their target price on Tesla from $352.00 to $364.00 and gave the company a “neutral” rating in a report on Wednesday, May 13th. DZ Bank raised Tesla from a “sell” rating to a “hold” rating and set a $385.00 target price on the stock in a report on Friday, April 24th. Finally, HSBC started coverage on Tesla in a report on Monday, April 27th. They issued a “buy” rating on the stock. Nineteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and an average target price of $395.20.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla expanded its unsupervised Robotaxi service area in Austin, a sign that its autonomous ride-hailing push is still advancing and could support the long-term AI/robotics story. Reuters: Tesla rolls out unsupervised robotaxis in Austin
• Positive Sentiment: Tesla reported a strong rebound in China-made EV sales in May, with Shanghai deliveries jumping sharply as the domestic market showed signs of recovery, which may help near-term demand sentiment. CNBC: Tesla’s China-made EV sales jump nearly 40% in May
• Positive Sentiment: Global EV sales rose in April and were led by Tesla, reinforcing that the broader EV market is still growing. TipRanks: Global Electric Vehicle Sales Rose 16% in April
• Neutral Sentiment: News around SpaceX’s massive IPO and speculation about a possible future Tesla-SpaceX linkage is stirring investor attention, but it is mostly indirect and highly speculative for TSLA in the near term. CNBC: SpaceX targets $135 IPO price
• Negative Sentiment: Several reports highlighted that Tesla’s stock is being dragged by weakness in tech stocks overall, especially after Broadcom’s disappointing results weighed on the sector. Yahoo Finance: Sector Update: Tech Stocks Fall Thursday Afternoon
• Negative Sentiment: Analysts and commentators continue to question Tesla’s rich valuation, arguing that the stock price still reflects ambitious AI, robotaxi, and robotics expectations that have not yet been fully proven in financial results. 247WallSt: Buy, Hold, or Sell: Is Tesla Stock a Sell Above $400?
• Negative Sentiment: Competitive and legal concerns are also lingering, including scrutiny over Tesla’s FSD claims in China and new competition in robotics and EVs, which can pressure sentiment. Yahoo Finance: Tesla Faces China FSD Lawsuit

Insider Buying and Selling at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their position. 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. In the last ninety days, insiders sold 55,218 shares of company stock worth $20,609,455. 19.90% of the stock is owned by insiders.

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.