Roth MKM Raises Price Target for Tesla (WBAG:TSLA)

Updated On: December 3, 2024 3:16 am

Roth MKM Boosts Tesla Rating to Buy: What Investors Should Know

Institutional Interest Grows in Tesla

Fintel reports that on December 2, 2024, Roth MKM upgraded their outlook for Tesla (WBAG:TSLA) from Neutral to Buy.

What is the Fund Sentiment?

Currently, 4,449 funds or institutions hold positions in Tesla. This marks an increase of 271 owners, or 6.49%, from the previous quarter. The average portfolio weight of all funds allocated to TSLA is -10.78%, a staggering rise of 1,337.47%. Over the last three months, the total shares owned by institutions increased by 0.58%, bringing the total to 1,661,032K shares.

Recent Moves by Other Major Shareholders

AT:TSLA / Tesla, Inc. Shares Held by Institutions

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares now holds 86,079K shares, reflecting a 2.68% stake in Tesla. This represents an increase from their previous holding of 85,652K shares, showing a growth of 0.50%. The firm has boosted its portfolio allocation in TSLA by 24.80% in the last quarter.

VFINX – Vanguard 500 Index Fund Investor Shares reported holding 72,667K shares for a 2.26% ownership in Tesla, up from 71,212K shares prior, marking a 2.00% increase. The fund raised its allocation to TSLA by 24.16% over the past quarter.

Geode Capital Management currently owns 59,356K shares, or 1.85% of Tesla. This is up from 58,334K shares reported earlier, registering a 1.72% gain. This firm, however, reduced its portfolio allocation in TSLA by 35.03% this past quarter.

Capital World Investors holds 42,813K shares, translating to 1.33% ownership of Tesla. This shows a minor increase from their last holding of 42,709K shares, a 0.24% rise. This firm also raised its portfolio allocation to TSLA by 26.01% recently.

Invesco QQQ Trust, Series 1 maintains 36,359K shares, which accounts for 1.13% ownership. Previously, they owned 35,997K shares, representing a 1.00% increase. This firm enhanced its TSLA allocation by 30.63% last quarter.

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This story originally appeared on Fintel.

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