The Vanguard Group, Inc. recently announced the acquisition of new stake in Tesla Inc (NASDAQ:TSLA). The institutional investor has increased its shareholding in the Consumer Cyclical company by 1.50% to 214.26 million shares with purchase of 3.17 million shares. This fresh investment now brings its stake to 6.74% valued currently at $53.24 billion. In addition, BlackRock Fund Advisors raised its holdings by 2.99 million to 119.4 million shares. And SSgA Funds Management, Inc. has lifted its position by 0.72% or 0.75 million shares – to 104.86 million shares.
Currently, there are 3.16B common shares owned by the public and among those 2.76B shares have been available to trade.
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Insiders at the company have transacted a total of 80 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 34 of these insider trades were purchases, accounting for 294,426 shares. Insider sales of the common stock occurred on 46 occasions, with total insider shares sold totaling 284,458 shares.
The top 3 mutual fund holders in Tesla Inc are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Invesco QQQ Trust. Vanguard Total Stock Market ETF owns 84.82 million shares of the company’s stock, all valued at over $21.08 billion. The company bought an additional 0.25 million shares recently to bring their total holdings to about 2.67% of the shares outstanding. Vanguard 500 Index Fund bought 0.23 million shares to see its total holdings expand to 67.53 million shares valued at over $16.78 billion and representing 2.12% of the shares outstanding. Invesco QQQ Trust sold 87957.0 shares to bring its total holdings to over 34.26 million shares at a value of $8.51 billion. Invesco QQQ Trust now owns shares totaling to 1.08% of the shares outstanding.
However, the script later moved the day high at 186.78, up 0.34%. The company’s stock has a 5-day price change of -13.64% and -13.73% over the past three months. TSLA shares are trading -26.25% year to date (YTD), with the 12-month market performance up to 26.88% higher. It has a 12-month low price of $152.37 and touched a high of $299.29 over the same period. TSLA has an average intraday trading volume of 117.91 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -19.43%, -22.44%, and -21.01% respectively.
Institutional ownership of Tesla Inc (NASDAQ: TSLA) shares accounts for 43.79% of the company’s 3.16B shares outstanding. Mutual fund holders own 16.61%, while other institutional holders and individual stakeholders account for 27.26% and 13.80% respectively.
It has a market capitalization of $582.54B and a beta (3y monthly) value of 2.40. The stock’s trailing 12-month PE ratio is 42.58, while the earnings-per-share (ttm) stands at $4.30. The company has a PEG of 4.71 and a Quick Ratio of 1.25 with the debt-to-equity ratio at 0.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.41% over the week and 3.38% over the month.
Analysts forecast that Tesla Inc (TSLA) will achieve an EPS of $0.64 for the current quarter, $0.7 for the next quarter and $3.96 for 2025. The lowest estimate earnings-per-share for the quarter is $0.37 while analysts give the company a high EPS estimate of $0.87. Comparatively, EPS for the current quarter was $0.85 a year ago. Earnings per share for the fiscal year are expected to increase by 1.25%, and 40.19% over the next financial year.
