Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Aire Advisors LLC

Aire Advisors LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 404.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,488 shares of the electric vehicle producer’s stock after acquiring an additional 10,010 shares during the period. Tesla makes up 1.1% of Aire Advisors LLC’s portfolio, making the stock its 23rd biggest position. Aire Advisors LLC’s holdings in Tesla were worth $3,312,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Axiom Financial Strategies LLC boosted its stake in shares of Tesla by 9.8% in the first quarter. Axiom Financial Strategies LLC now owns 906 shares of the electric vehicle producer’s stock valued at $777,000 after purchasing an additional 81 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Tesla by 19.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,001,923 shares of the electric vehicle producer’s stock valued at $1,079,672,000 after purchasing an additional 164,789 shares during the period. MAS Advisors LLC boosted its stake in shares of Tesla by 25.7% in the first quarter. MAS Advisors LLC now owns 396 shares of the electric vehicle producer’s stock valued at $433,000 after purchasing an additional 81 shares during the period. Ergoteles LLC boosted its stake in shares of Tesla by 33.4% in the first quarter. Ergoteles LLC now owns 3,567 shares of the electric vehicle producer’s stock valued at $3,844,000 after purchasing an additional 893 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Tesla by 6.8% in the first quarter. Mackenzie Financial Corp now owns 72,167 shares of the electric vehicle producer’s stock valued at $77,767,000 after purchasing an additional 4,593 shares during the period. Institutional investors and hedge funds own 43.00% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the transaction, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Andrew D. Baglino sold 10,500 shares of the firm’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the transaction, the senior vice president now owns 62,988 shares in the company, valued at approximately $14,484,090.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Zachary Kirkhorn sold 3,752 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total transaction of $410,131.12. Following the transaction, the chief financial officer now owns 200,411 shares of the company’s stock, valued at approximately $21,906,926.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,172,833 shares of company stock valued at $4,492,567,309. Company insiders own 25.10% of the company’s stock.

Tesla Stock Up 7.4 %

TSLA stock opened at $131.49 on Wednesday. The stock has a market cap of $415.21 billion, a PE ratio of 40.63, a price-to-earnings-growth ratio of 0.95 and a beta of 2.02. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $154.22 and its 200 day simple moving average is $224.00. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $384.29.

Tesla (NASDAQ:TSLAGet Rating) last released its earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 EPS for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $21.45 billion for the quarter, compared to analysts’ expectations of $21.96 billion. Tesla had a net margin of 14.95% and a return on equity of 31.10%. Tesla’s quarterly revenue was up 55.9% on a year-over-year basis. During the same quarter last year, the company earned $0.48 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 3.6 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TSLA. JPMorgan Chase & Co. decreased their target price on shares of Tesla from $150.00 to $125.00 and set an “underweight” rating for the company in a research note on Tuesday, January 3rd. The Goldman Sachs Group decreased their target price on shares of Tesla from $235.00 to $205.00 and set a “buy” rating for the company in a research note on Monday, January 2nd. Jefferies Financial Group reduced their price objective on shares of Tesla from $350.00 to $180.00 and set a “buy” rating on the stock in a research note on Tuesday. Guggenheim downgraded shares of Tesla from a “neutral” rating to a “sell” rating in a research note on Friday, January 13th. Finally, Wolfe Research reduced their price objective on shares of Tesla from $360.00 to $288.00 and set an “outperform” rating on the stock in a research note on Thursday, October 20th. Six analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average target price of $220.48.

Tesla Profile

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Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

Further Reading

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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