Parallel Advisors LLC Purchases 1,899 Shares of Tesla, Inc. $TSLA
- by lulegacy
- Jun 05, 2026
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Key Points
Parallel Advisors LLC increased its Tesla stake by 2.3% in the fourth quarter, buying 1,899 additional shares and bringing its total holdings to 82,912 shares worth about $37.3 million.
Institutional ownership remains very high, with major investors like Norges Bank and Vanguard also adding or holding large positions; institutions now own 66.20% of Tesla shares.
Tesla’s latest results showed solid earnings growth, with Q1 EPS of $0.41 topping estimates and revenue rising 15.8% year over year, though revenue still came in slightly below expectations. ';ad_container.style.height='auto';}},3000);MarketBeat Week in Review – 05/18 - 05/22
Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.39 by $0.02. Tesla had a net margin of 3.95% and a return on equity of 4.89%. The company had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same period last year, the firm posted $0.27 EPS. Tesla's revenue for the quarter was up 15.8% compared to the same quarter last year. On average, analysts anticipate that Tesla, Inc. will post 1.2 EPS for the current year.
Wall Street Analyst Weigh In
Several brokerages recently commented on TSLA. Royal Bank Of Canada reaffirmed a "buy" rating on shares of Tesla in a research report on Monday, April 27th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Tesla in a research report on Friday, April 24th. UBS Group increased their price objective on shares of Tesla from $352.00 to $364.00 and gave the company a "neutral" rating in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Tesla in a research report on Monday, April 27th. Finally, Canaccord Genuity Group raised their price target on shares of Tesla from $420.00 to $450.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Nineteen investment 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 MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $395.20.
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