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Pacific Sage Partners LLC cut its Tesla stake by 23.8% in the fourth quarter, selling 1,929 shares and ending the period with 6,179 shares worth $2.78 million. Tesla accounted for 0.4% of the firm’s portfolio and ranked as its 29th largest holding, according to its latest SEC filing.
Recent disclosures also showed fresh insider sales, active fund trading, and a broad spread in analyst targets around the stock. What do these filings reveal about Tesla’s position as investors, insiders, and analysts all adjust around the company?
Pacific Sage held Tesla as a modest portfolio position at year-end. The firm said the stock stood as its 29th largest holding after the quarterly sale. Meanwhile, other institutional investors moved in the opposite direction. Turning Point Benefit Group, Manning & Napier Advisors, and Texas Capital Bancshares each opened new positions during the third quarter.
First Community Trust NA also added about $31,000 in Tesla shares during the fourth quarter, while Westend Capital Management opened a new stake worth about $32,000 in the third quarter.
Together, the filings showed steady institutional activity around Tesla across recent quarters. Institutional investors owned 66.20% of Tesla’s stock, according to the MarketBeat report.
The changes also placed Tesla among a wide mix of portfolio strategies. Some firms trimmed exposure, while others added small new positions.
As a result, Tesla remained active across institutional filings even as individual position sizes stayed relatively modest among several new buyers.
Insider filings showed selling from two senior company figures. CFO Vaibhav Taneja sold 2,264 shares on March 6 at an average price of $397.03. The transaction totaled $898,875.92 and cut his position by 11.11%. After the sale, he directly owned 18,106 shares valued at about $7.19 million.
Separately, Director Kathleen Wilson-Thompson sold 25,809 shares on March 30 at an average price of $359.33. The sale totaled $9.27 million. After that sale, she directly owned 33,860 shares worth about $12.17 million. The filing said the move reduced her position by 43.25%.
In the last quarter, insiders sold 53,804 shares valued at $20.87 million. Corporate insiders owned 19.90% of Tesla’s stock.
Taken together, those sales added another layer to Tesla’s recent ownership story. They arrived as the company’s stock traded below its recent moving averages.
Tesla shares opened at $360.59 on Friday. The company carried a market value of $1.35 trillion, a price-to-earnings ratio of 333.88, and a beta of 1.91. The stock’s 50-day moving average stood at $401.06, while its 200-day moving average sat at $427.51. Tesla’s shares traded between a 52-week low of $214.25 and a high of $498.83.
The company also reported a debt-to-equity ratio of 0.08. Its current ratio stood at 2.16, while its quick ratio came in at 1.77.
Tesla last reported quarterly results on January 28. The company posted earnings of $0.50 a share, beating the $0.45 consensus estimate. Revenue reached $24.90 billion, above the $24.75 billion estimate, yet revenue fell 3.1% from a year earlier. Tesla reported a 4.00% net margin and 4.86% return on equity.
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Analysts expect Tesla to post $2.56 in earnings per share for the current fiscal year. Even so, brokerage views remained divided.
Phillip Securities kept a sell rating and lowered its price target to $215, while Morgan Stanley set an equal-weight rating with a $415 target. Benchmark kept a buy rating, Bank of America started coverage with a buy and a $460 target, and Cantor Fitzgerald maintained an overweight rating with a $510 target.
Overall, 19 analysts rated Tesla a buy, 13 rated it a hold, and 10 rated it a sell. MarketBeat listed the consensus rating as Hold with a $402.61 average target price.
Pacific Sage Partners reduced its Tesla exposure in the fourth quarter, while insider sales topped $20.8 million and analysts kept a split view on the stock. Tesla still beat quarterly earnings estimates, but mixed ownership moves and divided ratings show that Tesla stock remains closely watched.
