Aware Super Pty Ltd as trustee of Aware Super Takes $110.86 Million Position in Tesla, Inc. $TSLA

Aware Super Pty Ltd as trustee of Aware Super purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 298,203 shares of the electric vehicle producer’s stock, valued at approximately $110,857,000. Tesla makes up approximately 1.7% of Aware Super Pty Ltd as trustee of Aware Super’s holdings, making the stock its 9th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Networth Advisors LLC acquired a new position in shares of Tesla during the fourth quarter worth approximately $26,000. Chapman Financial Group LLC bought a new stake in shares of Tesla during the second quarter valued at approximately $26,000. Davidson Capital Management Inc. increased its holdings in shares of 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 purchasing an additional 27 shares in the last quarter. Friedenthal Financial raised its position in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock worth $28,000 after purchasing an additional 30 shares during the last quarter. Finally, Prism Advisors Inc. bought a new position in Tesla in the 4th quarter worth approximately $30,000. Institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the sale, the director directly owned 48,399 shares in the company, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $402.20, for a total transaction of $1,048,133.20. Following the transaction, the chief financial officer directly owned 22,039 shares in the company, valued at $8,864,085.80. The trade was a 10.57% 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. Over the last ninety days, insiders sold 32,015 shares of company stock valued at $12,383,640. 19.90% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on TSLA shares. Truist Financial lifted their target price on Tesla from $400.00 to $430.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research note on Friday, April 24th. Barclays raised their price target on Tesla from $360.00 to $370.00 and gave the company an “equal weight” rating in a report on Tuesday. Robert W. Baird lowered their price objective on Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a research report on Friday, April 24th. Finally, Guggenheim began coverage on Tesla in a report on Monday, June 29th. They set a “neutral” rating for the company. Twenty-one analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $408.07.

Tesla Stock Down 0.9%

Shares of Tesla stock opened at $391.06 on Friday. The company has a quick ratio of 1.62, a current ratio of 2.04 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12 month low of $297.82 and a 12 month high of $498.83. The business has a fifty day simple moving average of $410.37 and a 200 day simple moving average of $406.18. The stock has a market cap of $1.47 trillion, a PE ratio of 358.77, a price-to-earnings-growth ratio of 14.39 and a beta of 1.80.

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, beating the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion for the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The company’s quarterly revenue was up 15.8% on a year-over-year basis. Research analysts predict that Tesla, Inc. will post 1.3 EPS for the current year.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla’s stronger-than-expected vehicle deliveries last quarter support the case that demand remains resilient, and the company may also benefit from tighter global emissions rules that could accelerate EV adoption. Tesla’s Delivery Surprise Was Big—Earnings Need to Be Bigger
• Positive Sentiment: Investor interest is high ahead of the July 22 earnings call, with questions focused on robotaxi progress, Optimus, Cybercab, and Elon Musk’s comments, which could provide a catalyst if Tesla offers credible updates. Tesla Q2 Earnings: Elon Musk’s Pay Package, Cybercab and Optimus Lead Top Investor Questions
• Positive Sentiment: Some analysts remain constructive, noting Tesla is positioned to benefit from EV adoption trends and long-term software/autonomy opportunities. Tesla Rides Tightening Global Emission Standards for EV Thrust

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.