Lansforsakringar Fondforvaltning AB publ Decreases Holdings in Tesla, Inc. $TSLA

Lansforsakringar Fondforvaltning AB publ lessened its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 891,005 shares of the electric vehicle producer’s stock after selling 3,736 shares during the quarter. Tesla comprises 1.7% of Lansforsakringar Fondforvaltning AB publ’s investment portfolio, making the stock its 10th largest position. Lansforsakringar Fondforvaltning AB publ’s holdings in Tesla were worth $331,229,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of TSLA. Crestwood Advisors Group LLC lifted its holdings 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 worth $8,799,000 after acquiring an additional 5,039 shares during the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Tesla by 29.6% during the third quarter. Gamco Investors INC. ET AL now owns 32,576 shares of the electric vehicle producer’s stock worth $14,487,000 after buying an additional 7,446 shares during the period. Calamos Wealth Management LLC grew its holdings in Tesla by 5.9% during the 4th quarter. Calamos Wealth Management LLC now owns 41,907 shares of the electric vehicle producer’s stock worth $18,846,000 after acquiring an additional 2,341 shares in the last quarter. Private Capital Advisors Inc. grew its stake in shares of Tesla by 139.3% during the fourth quarter. Private Capital Advisors Inc. now owns 21,331 shares of the electric vehicle producer’s stock worth $9,593,000 after purchasing an additional 12,417 shares in the last quarter. Finally, Wealthquest Corp acquired a new position in Tesla in the 4th quarter valued at about $1,035,000. 66.20% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction dated 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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 Tesla stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the sale, the chief financial officer directly owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This trade represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 32,015 shares of company stock valued at $12,383,640 in the last three months. 19.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TSLA. Oppenheimer reissued a “market perform” rating on shares of Tesla in a research report on Thursday, June 11th. Canaccord Genuity Group boosted their price target on shares of Tesla from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. DZ Bank raised shares of Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target for the company in a research note on Friday, April 24th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Tesla in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada reissued a “buy” rating on shares of Tesla in a report on Monday, April 27th. Twenty-one investment analysts have rated the stock with a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $403.07.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s Cybercab milestone boosted sentiment after the company said it has begun testing a production version of the vehicle in Austin, underscoring progress in its robotaxi/autonomy strategy. Tesla Stock (TSLA) Rises on New Cybercab Milestone
• Positive Sentiment: Analysts and traders are increasingly focused on a potential Q2 delivery beat, helped by stronger demand in Europe and China and improving expectations for Tesla’s second-quarter numbers. Morgan Stanley Lifts Tesla Delivery Forecast on Stronger Europe and China Demand (TSLA)
• Positive Sentiment: Tesla’s ongoing Full Self-Driving improvements, including broader rollout to older cars, are adding to the narrative that the company is making tangible progress in autonomy. TSLA stock rises premarket: Tesla gives millions of older cars a major FSD boost
• Neutral Sentiment: Corgi launched 31 single-stock leveraged ETFs tied to Tesla and other large-cap names, which may increase trading interest but does not change Tesla’s fundamentals. More Bark, More Beta: Corgi Debuts 31 Single-Stock ETFs Covering Nvidia, Tesla And More
• Neutral Sentiment: Tesla is getting more attention from market commentators and model-price updates, but several pieces are essentially valuation commentary rather than new business news. Prediction: This Is Where Tesla’s Price Target Points In 2027
• Negative Sentiment: Michael Burry disclosed new short positions against Tesla, citing concerns tied to an AI bubble, which could weigh on sentiment around the stock. Michael Burry Bets Against Tesla, Nvidia, and Caterpillar as He Warnings of an AI Bubble
• Negative Sentiment: Some analysts still see Tesla’s robotaxi rollout as too small versus competitors and warn that FSD progress must improve significantly before the stock can sustain a major re-rating. Tesla’s Robotaxi Fleet Is Tiny Compared To Waymo—JPMorgan Says That’s By Design

Tesla Stock Up 2.1%

NASDAQ:TSLA opened at $420.60 on Wednesday. The stock’s fifty day moving average price is $406.47 and its two-hundred day moving average price is $412.53. The company has a market cap of $1.58 trillion, a price-to-earnings ratio of 385.87, a P/E/G ratio of 16.37 and a beta of 1.80. Tesla, Inc. has a 52-week low of $288.77 and a 52-week high of $498.83. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.62 and a current ratio of 2.04.

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