Tesla, Inc. (NASDAQ:TSLA) Stock Position Increased by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 193.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,687 shares of the electric vehicle producer’s stock after purchasing an additional 3,088 shares during the quarter. Moloney Securities Asset Management LLC’s holdings in Tesla were worth $1,243,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Baillie Gifford & Co. raised its position in shares of Tesla by 196.4% during the 3rd quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock worth $7,394,330,000 after buying an additional 18,472,529 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Tesla by 10.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock worth $9,584,845,000 after buying an additional 1,317,687 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of Tesla by 189.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock worth $2,484,549,000 after purchasing an additional 6,125,732 shares during the last quarter. Northern Trust Corp grew its stake in shares of Tesla by 2.5% in the 1st quarter. Northern Trust Corp now owns 8,774,479 shares of the electric vehicle producer’s stock worth $9,455,380,000 after purchasing an additional 216,282 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Tesla by 6.0% in the 2nd quarter. Legal & General Group Plc now owns 5,418,585 shares of the electric vehicle producer’s stock worth $3,648,999,000 after purchasing an additional 308,731 shares during the last quarter. 43.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TSLA shares. Robert W. Baird lowered their price objective on shares of Tesla from $316.00 to $252.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 28th. Canaccord Genuity Group lowered their price objective on shares of Tesla from $304.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, December 22nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Tesla from $250.00 to $220.00 in a research report on Thursday. Jefferies Financial Group dropped their target price on shares of Tesla from $350.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Edward Jones raised shares of Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $218.29.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 1,312 shares of the business’s stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total value of $233,627.84. Following the completion of the sale, the senior vice president now directly owns 64,259 shares in the company, valued at $11,442,600.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Elon Musk sold 9,650,000 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $208.58, for a total value of $2,012,797,000.00. Following the completion of the sale, the chief executive officer now directly owns 455,467,432 shares in the company, valued at $95,001,396,966.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Andrew D. Baglino sold 1,312 shares of the business’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $233,627.84. Following the completion of the sale, the senior vice president now owns 64,259 shares of the company’s stock, valued at $11,442,600.13. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,172,833 shares of company stock worth $4,492,567,309. 25.10% of the stock is owned by insiders.

Tesla Price Performance

NASDAQ TSLA opened at $127.17 on Friday. 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 stock has a market capitalization of $401.57 billion, a PE ratio of 39.29, a price-to-earnings-growth ratio of 0.95 and a beta of 2.02. The company has a 50 day moving average price of $151.97 and a two-hundred day moving average price of $222.67. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $384.29.

Tesla (NASDAQ:TSLA – Get Rating) last posted its earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $21.45 billion during 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%. The company’s revenue was up 55.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 3.6 earnings per share for the current fiscal year.

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.