K.J. Harrison & Partners Inc Grows Holdings in Tesla, Inc. $TSLA
- by lulegacy
- Feb 26, 2026
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Key Points
K.J. Harrison & Partners increased its Tesla stake by 204.7% in Q3 to 20,842 shares worth $9.09 million, making TSLA its 13th largest holding (1.3% of the portfolio).
Other major moves include Norges Bank initiating a roughly $11.84 billion position and overall institutional ownership of 66.2%, while insiders sold about 119,457 shares (~$53.5 million) in the past 90 days (insiders now own 19.9%).
Tesla is expanding software like the Grok AI assistant internationally (positive for recurring revenue), but the stock trades at a stretched valuation (P/E near multi‑year highs) and faces legal, regulatory and execution risks — including a ~$243M Autopilot verdict, a California DMV dispute over FSD advertising, and slipping EU sales. MarketBeat Week in Review – 02/16 - 02/20
In other news, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares of the company's stock, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the firm's stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,457 shares of company stock worth $53,501,145 over the last ninety days. 19.90% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several analysts recently commented on the stock. Phillip Securities reduced their price objective on shares of Tesla from $220.00 to $215.00 and set a "sell" rating for the company in a research note on Monday, February 2nd. Tigress Financial began coverage on shares of Tesla in a report on Thursday, February 12th. They issued a "buy" rating and a $550.00 target price for the company. UBS Group boosted their price target on Tesla from $307.00 to $352.00 and gave the stock a "sell" rating in a research note on Thursday, January 29th. Dbs Bank raised Tesla to a "hold" rating in a research note on Wednesday, November 5th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $405.00 target price on shares of Tesla in a research report on Thursday, January 29th. Eighteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus target price of $408.09.
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