Unlock Tesla's Market Insights with Investment Funds - Business

Investment Funds Increasing Stake in Tesla

Tokio Marine Asset Management Co. Ltd. raised its stake in Tesla by 9.8 % in the first quarter , owning 71,857 shares worth 2,632,000 . Other hedge funds like Townsquare Capital LLC and Holderness Investments Co. also made changes to their positions in the stock . Institutional investors now own 66.20 % of the company 's stock.

 A number of research analysts have issued reports on Tesla , with varying ratings like " neutral , " " underweight , " and " buy . " The stock currently has an average rating of " Hold " and an average target price of 92.71.

Insider Trading and Stock Performance

Director Robyn M. Denholm sold 93,705 shares of Tesla 's stock , while SVP Xiaotong Zhu sold 650 shares . The company 's stock price increased by 2.1 % to 51.52 . The stock has a market cap of 02.15 billion and a PE ratio of 64.16 . Tesla 's latest earnings report showed an EPS of sh.35 , with a revenue of 1.30 billion.

 Mezzasalma Advisors LLC reduced its position in Tesla by 3.9 % in the first quarter , owning 98,459 shares worth 7,308,000 . The stock is considered the 2nd largest holding in their portfolio . Several other large investors also added to or reduced their stakes in the company . Hedge funds and institutional investors now own 66.20 % of the company 's stock.

Wall Street Analyst Recommendations

Analysts from Morgan Stanley , UBS Group , Sanford C. Bernstein , and other firms have issued ratings on Tesla , ranging from " overweight " to " underperform . " The consensus rating is currently " Hold " with a target price of 89.47 . Insider activity at Tesla includes Director Robyn M. Denholm selling shares and SVP Xiaotong Zhu selling 650 shares.

 Tesla 's stock price traded up 5.13 to 46.39 , with a market cap of 85.79 billion . The company 's 50 - day moving average is 82.57 , and the 200 - day moving average is 91.32 . The stock 's EPS for the current year is estimated to be 1.86.

Conclusion

Tesla continues to attract interest from investment funds and analysts , with varying recommendations and target prices . Insider trading activities and stock performance indicators provide valuable insights for investors looking to understand the company 's position in the market . As Tesla navigates the financial landscape , market analysts and investors closely monitor its progress and make informed decisions based on the available data.