Tesla, Inc. $TSLA Shares Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. grew its stake in Tesla, Inc. (NASDAQ:TSLA) by 27.7% during the 4th quarter, Holdings Channel reports. The firm owned 188,247 shares of the electric vehicle producer’s stock after purchasing an additional 40,816 shares during the quarter. Tesla makes up approximately 0.4% of Jefferies Financial Group Inc.’s investment portfolio, making the stock its 23rd largest position. Jefferies Financial Group Inc.’s holdings in Tesla were worth $84,659,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Cloud Capital Management LLC grew its position in shares of Tesla by 1.1% in the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after purchasing an additional 23 shares during the period. PFS Partners LLC boosted 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 worth $265,000 after acquiring an additional 24 shares during the last quarter. Monte Financial Group LLC boosted its position in Tesla by 1.5% during the third quarter. Monte Financial Group LLC now owns 1,644 shares of the electric vehicle producer’s stock worth $731,000 after acquiring an additional 25 shares during the last quarter. Bank of Jackson Hole Trust boosted its position in Tesla by 1.0% during the third quarter. Bank of Jackson Hole Trust now owns 2,497 shares of the electric vehicle producer’s stock worth $1,110,000 after acquiring an additional 25 shares during the last quarter. Finally, Presidio Capital Management LLC boosted its position in Tesla by 0.6% during the third quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock worth $1,777,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Full Self-Driving rollout in China and subscription-based FSD availability in Europe bolster the case that autonomy could become a bigger growth driver. Article Title
• Positive Sentiment: Some analysts and commentators continue to frame Tesla as a robotics and AI company, with bullish chatter around Optimus and the company’s long-term pivot away from being just an automaker. Article Title
• Neutral Sentiment: SpaceX’s IPO has dominated investor attention, and while it highlights Musk’s ecosystem, the market is debating whether it will ultimately help Tesla or distract capital and attention away from TSLA. Article Title
• Negative Sentiment: Reuters reported Tesla is recalling 14,575 Model Y SUVs in the U.S. over a missing weight certification label, adding another quality-control issue to the stock’s recent concerns. Article Title
• Negative Sentiment: Several articles warn that Tesla’s valuation remains stretched and that FSD still faces execution questions, with critics saying the technology is not yet ready to justify the stock’s premium. Article Title

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TSLA. Robert W. Baird lowered their price target 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. BNP Paribas Exane upgraded shares of Tesla from an “underperform” rating to a “neutral” rating in a research report on Monday, April 27th. TD Cowen restated a “buy” rating and set a $490.00 price target on shares of Tesla in a research report on Thursday, April 23rd. Truist Financial lowered their price target on shares of Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Tesla in a research report on Monday, April 27th. Nineteen analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $395.20.

Insider Transactions at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 26,409 shares of Tesla stock in a transaction dated 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 of the company’s stock, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 that occurred 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 completion of the sale, the chief financial officer directly 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. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 83,213 shares of company stock worth $32,201,105 over the last ninety days. 19.90% of the stock is owned by insiders.

Tesla Price Performance

Shares of TSLA stock opened at $426.01 on Friday. 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’s 50-day moving average is $387.76 and its two-hundred day moving average is $416.91. Tesla, Inc. has a 12 month low of $273.21 and a 12 month high of $498.83. The company has a market capitalization of $1.60 trillion, a PE ratio of 390.83, a price-to-earnings-growth ratio of 16.82 and a beta of 1.79.

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

Tesla Company 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.