Adventist Health System Sunbelt Healthcare Corp Buys Shares of 230,000 Tesla, Inc. $TSLA

Adventist Health System Sunbelt Healthcare Corp bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 230,000 shares of the electric vehicle producer’s stock, valued at approximately $103,436,000. Tesla comprises 3.1% of Adventist Health System Sunbelt Healthcare Corp’s investment portfolio, making the stock its 10th biggest position.

Other hedge funds have also bought and sold shares of the company. PFS Partners LLC lifted its holdings in shares of Tesla by 4.2% in the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after acquiring an additional 24 shares during the last quarter. Presidio Capital Management LLC raised its holdings in Tesla by 0.6% during the 3rd quarter. Presidio Capital Management LLC now owns 3,996 shares of the electric vehicle producer’s stock valued at $1,777,000 after buying an additional 25 shares during the last quarter. Journey Advisory Group LLC raised its holdings in Tesla by 0.7% during the 3rd quarter. Journey Advisory Group LLC now owns 3,414 shares of the electric vehicle producer’s stock valued at $1,518,000 after buying an additional 25 shares during the last quarter. Boltwood Capital Management raised its holdings in Tesla by 1.2% during the 4th quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock valued at $953,000 after buying an additional 25 shares during the last quarter. Finally, Woodmont Investment Counsel LLC raised its holdings in Tesla by 1.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after buying an additional 25 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Stock Up 1.8%

NASDAQ:TSLA opened at $406.43 on Friday. The firm’s 50-day moving average price is $398.35 and its 200-day moving average price is $416.01. The company has a market capitalization of $1.53 trillion, a PE ratio of 372.87, a P/E/G ratio of 16.25 and a beta of 1.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.04 and a quick ratio of 1.62. Tesla, Inc. has a 1-year low of $288.77 and a 1-year high of $498.83.

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, topping analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $22.39 billion for the quarter, compared to the consensus estimate of $22.96 billion. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company’s revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. On average, equities analysts predict that Tesla, Inc. will post 1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Roth Mkm reiterated a “buy” rating on shares of Tesla in a report on Thursday, April 23rd. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, April 23rd. Mizuho reduced their price objective on shares of Tesla from $540.00 to $480.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. HSBC started coverage on shares of Tesla in a research report on Monday, April 27th. They set a “buy” rating on the stock. Finally, Truist Financial reduced their price objective on shares of Tesla from $438.00 to $400.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Twenty-two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $404.37.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

• Positive Sentiment: Tesla is still benefiting from its autonomy and AI story, with reports highlighting its unsupervised robotaxi rollout and expanded Full Self-Driving approvals in Europe, including Belgium and Denmark. Tesla Robotaxi Rollout And FSD Expansion Test Rich Valuation Narrative
• Positive Sentiment: Some analysts remain constructive on Tesla’s long-term growth, pointing to underappreciated opportunities in autonomous vehicles, humanoid robotics, and energy storage, which supports the bull case despite near-term volatility. JPMorgan Echoes Why Tesla, Inc. (TSLA) is One of the Best Forever Stocks to Buy
• Neutral Sentiment: There is also ongoing merger speculation between Tesla and SpaceX, with Gwynne Shotwell saying a tie-up “might make Elon’s life a little easier,” but this remains highly speculative and not an immediate business catalyst. SpaceX COO Shotwell says Tesla tie-up ‘might make Elon’s life a little easier’
• Neutral Sentiment: New articles comparing Tesla with BYD and discussing how SpaceX’s debut compares with Tesla’s history are mostly narrative-driven and do not change Tesla’s fundamentals by themselves. Is it too late to buy SpaceX’s stock? Here’s how Tesla’s did after one day and five years.
• Negative Sentiment: Multiple pieces say Tesla may be losing investor attention to SpaceX, with fears that capital is being redirected to the high-profile IPO; that dynamic has weighed on TSLA sentiment. What’s Going On With Tesla Stock Friday
• Negative Sentiment: Bearish commentary also remains in the background, including a Glj Research “sell” reaffirmation and articles arguing Tesla’s battery advantage is thinning, which adds pressure on valuation concerns. Tesla: The Battery Moat Is Becoming Thinner

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer owned 18,106 shares in the company, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 company’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 transaction, the director owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 57,824 shares of company stock worth $21,657,588. Insiders own 19.90% of the company’s stock.

About Tesla

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.