Revere Asset Management Inc trimmed its Tesla stake by 9.5% in the fourth quarter, selling 2,851 shares and ending the period with 27,224 shares, according to its latest filing with the Securities and Exchange Commission. The position was worth $12,243,000, and Tesla accounted for about 4.3% of the firm’s portfolio, making it Revere’s seventh biggest holding.
The move came as Tesla’s tsla stock opened Tuesday at $426.01, giving the electric-vehicle maker a market capitalization of $1.60 trillion. The company’s shares have traded between $273.21 and $498.83 over the past 52 weeks, and the stock carries a P/E ratio of 390.83 and a PEG ratio of 16.82, numbers that underline how richly the market is still valuing the name even after recent swings.
Revere was not alone in adjusting its exposure. Mmbg Investment Advisors CO. lifted its Tesla position by 18.0% in the fourth quarter, ending with 1,659 shares after buying 253 more. CBIZ Investment Advisory Services LLC raised its stake 3.9% to 1,185 shares after adding 44 shares, while Blue Bell Private Wealth Management LLC boosted its position 26.7% to 2,486 shares after purchasing 524 shares. Seaview Investment Managers LLC initiated a new stake worth $507,000, and GatePass Capital LLC also bought into the company with a new position valued at $224,000. Institutional investors now hold 66.20% of Tesla’s stock.
The filing activity lands against a backdrop of uneven fundamentals. Tesla last reported quarterly earnings on Thursday, April 23rd, posting earnings per share of $0.41 on revenue of $22.39 billion. That beat analysts’ EPS estimate of $0.39 by $0.02, but revenue came in below the $22.96 billion forecast. Revenue was still up 15.8% from a year earlier, when Tesla reported $0.27 a share, and analysts now expect full-year earnings of 1.2 per share.
The most striking tension in the filings is that institutions keep treating Tesla as both a core holding and a trading position. Revere reduced its stake even as it kept Tesla among its largest investments, and the company’s valuation remains extreme relative to its profitability, with return on equity of 4.89%, net margin of 3.95%, debt-to-equity of 0.09, quick ratio of 1.62 and current ratio of 2.04. That mix helps explain why every quarterly filing around Tesla still draws attention: investors are not just deciding whether to own the stock, but how much volatility they are willing to pay for.
Directors are also moving. Kathleen Wilson-Thompson sold 26,409 shares on Thursday, April 30th at an average price of $378.11, a transaction worth $9,985,506.99. After the sale, she held 48,399 shares, a 35.30% decrease in her position. For Tesla, the latest filings suggest a familiar pattern: institutions are still buying, some are trimming, and even after the stock’s rise and the company’s latest earnings beat, no one is treating tsla stock like a set-and-forget trade.
