Legal & General Group Plc Has $9.08 Billion Stake in Tesla, Inc. $TSLA

Legal & General Group Plc boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 20,181,227 shares of the electric vehicle producer’s stock after buying an additional 1,043,213 shares during the period. Tesla accounts for approximately 2.0% of Legal & General Group Plc’s holdings, making the stock its 9th largest position. Legal & General Group Plc’s holdings in Tesla were worth $9,075,901,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSLA. Vanguard Group Inc. raised its holdings in Tesla by 2.6% during the 4th quarter. Vanguard Group Inc. now owns 258,925,024 shares of the electric vehicle producer’s stock worth $116,443,762,000 after purchasing an additional 6,538,720 shares during the last quarter. Holocene Advisors LP raised its holdings in Tesla by 132.2% during the 3rd quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer’s stock worth $2,738,141,000 after purchasing an additional 3,505,000 shares during the last quarter. Jennison Associates LLC raised its holdings in Tesla by 38.3% during the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after purchasing an additional 3,021,550 shares during the last quarter. Capital World Investors raised its holdings in Tesla by 5.8% during the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after purchasing an additional 2,403,019 shares during the last quarter. Finally, PFA Pension Forsikringsaktieselskab bought a new position in Tesla during the 4th quarter worth approximately $748,084,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $426.01 on Monday. The firm 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. The firm has a fifty day simple moving average of $387.76 and a two-hundred day simple moving average of $416.55. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 12 month low of $273.21 and a 12 month 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 analysts’ consensus estimates 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 net margin of 3.95% and a return on equity of 4.89%. Tesla’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.27 EPS. Analysts forecast that Tesla, Inc. will post 1.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Barclays restated a “neutral” rating on shares of Tesla in a report on Wednesday, May 13th. Morgan Stanley set a $415.00 price target on shares of Tesla and gave the stock an “equal weight” rating in a report on Thursday, January 29th. Bank of America assumed coverage on shares of Tesla in a report on Wednesday, March 4th. They set a “buy” rating and a $460.00 price target for the company. Zacks Research upgraded shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. Finally, Robert W. Baird lowered their price target on shares of Tesla from $538.00 to $522.00 and set an “outperform” rating for the company in a report on Friday, April 24th. Nineteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $395.20.

Key Headlines 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

Insiders Place Their Bets

In other Tesla news, 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 transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. The trade was a 14.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction on 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 sale, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This trade represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 83,213 shares of company stock valued at $32,201,105 in the last 90 days. 19.90% of the stock is currently owned by company 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.