E Fund Management Hong Kong Co. Ltd. Acquires 2,221 Shares of Tesla, Inc. $TSLA

E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 38.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,060 shares of the electric vehicle producer’s stock after purchasing an additional 2,221 shares during the quarter. Tesla accounts for 1.4% of E Fund Management Hong Kong Co. Ltd.’s portfolio, making the stock its 19th biggest holding. E Fund Management Hong Kong Co. Ltd.’s holdings in Tesla were worth $3,400,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Networth Advisors LLC bought a new position in Tesla in the fourth quarter valued at about $26,000. Davidson Capital Management Inc. lifted its holdings in Tesla by 79.4% in the fourth quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock valued at $27,000 after acquiring an additional 27 shares during the period. Turning Point Benefit Group Inc. bought a new position in Tesla in the third quarter valued at about $30,000. Manning & Napier Advisors LLC bought a new position in Tesla in the third quarter valued at about $29,000. Finally, Prism Advisors Inc. bought a new position in Tesla in the fourth quarter valued at about $30,000. 66.20% of the stock is owned by institutional investors.

Tesla Price Performance

Tesla stock opened at $445.18 on Thursday. Tesla, Inc. has a 52-week low of $273.21 and a 52-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. The firm’s fifty day moving average is $385.07 and its 200 day moving average is $418.18. The company has a market cap of $1.67 trillion, a price-to-earnings ratio of 408.42, a PEG ratio of 17.18 and a beta of 1.79.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 4.89% and a net margin of 3.95%.The company’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the company earned $0.27 EPS. Sell-side analysts forecast that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla was authorized to test supervised self-driving software on public roads in Belgium, adding another regulatory step forward for its autonomy strategy. Tesla authorised to test supervised self-driving software in Belgium
• Positive Sentiment: Tesla said it will invest nearly $250 million to expand battery-cell production at its Berlin factory, which could support European output and longer-term growth. Tesla to invest $250 million in battery plant outside Berlin
• Positive Sentiment: Shares also benefited from stronger sentiment around Tesla’s AI, robotaxi, and Optimus initiatives, which remain a major part of the stock’s valuation story. Tesla’s AI Chip Pivot Reshapes Valuation Story For NasdaqGS TSLA
• Neutral Sentiment: Wall Street commentary remained mixed, with some firms keeping neutral or sell ratings even as price targets were adjusted. Phillip Securities adjusts price target on Tesla
• Neutral Sentiment: Broader market strength in technology stocks also lifted Tesla alongside other megacap names. Nasdaq, S&P 500 Hit Fresh Highs as Tech Stocks Rise
• Negative Sentiment: Some reports highlighted lingering concerns about Tesla’s China sales, robotaxi rollout issues, and execution risk, which could temper enthusiasm. Tesla’s robotaxi rollout features Texas-sized wait times

Analysts Set New Price Targets

TSLA has been the subject of a number of analyst reports. Tigress Financial initiated coverage on Tesla in a research report on Monday, April 27th. They issued a “buy” rating for the company. Roth Mkm restated a “buy” rating on shares of Tesla in a research report on Thursday, April 23rd. DZ Bank upgraded Tesla from a “sell” rating to a “hold” rating and set a $385.00 price target for the company in a research report on Friday, April 24th. Zacks Research upgraded Tesla from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 28th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of Tesla in a research report on Monday, April 27th. Nineteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $398.29.

Insider Buying and Selling

In related news, 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 completion of the sale, the director directly owned 48,399 shares of the company’s stock, valued at approximately $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a legal filing 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 2,264 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the transaction, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. This trade represents a 11.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 80,213 shares of company stock valued at $30,851,105 over the last three months. 19.90% of the stock is owned by corporate 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.