Tesla, Inc. $TSLA Holdings Lifted by Acadian Asset Management LLC

Acadian Asset Management LLC grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 100.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 744,871 shares of the electric vehicle producer’s stock after buying an additional 372,586 shares during the period. Acadian Asset Management LLC’s holdings in Tesla were worth $236,596,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Chelsea Counsel Co. increased its holdings in shares of Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 40 shares during the period. LGT Financial Advisors LLC bought a new position in Tesla in the 2nd quarter valued at about $29,000. Evergreen Private Wealth LLC increased its stake in Tesla by 270.0% during the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock valued at $35,000 after buying an additional 81 shares during the period. Graybill Wealth Management LTD. bought a new stake in shares of Tesla during the 1st quarter worth about $36,000. Finally, Pacific Center for Financial Services lifted its stake in shares of Tesla by 44.7% in the 1st quarter. Pacific Center for Financial Services now owns 149 shares of the electric vehicle producer’s stock worth $39,000 after acquiring an additional 46 shares during the period. 66.20% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 120,000 shares of Tesla stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $350.29, for a total transaction of $42,034,800.00. Following the transaction, the director directly owned 697,031 shares in the company, valued at approximately $244,162,988.99. The trade was a 14.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the completion of the sale, the senior vice president owned 47,600 shares of the company’s stock, valued at $17,314,500. The trade was a 29.59% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of research analyst reports. Mizuho raised their price objective on shares of Tesla from $450.00 to $485.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. China Renaissance lifted their price target on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research report on Friday, October 24th. JPMorgan Chase & Co. boosted their price objective on Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. UBS Group reaffirmed a “sell” rating on shares of Tesla in a research note on Friday. Finally, William Blair reiterated a “market perform” rating on shares of Tesla in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and eleven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $391.08.

Tesla Price Performance

NASDAQ TSLA opened at $429.52 on Friday. The company has a current ratio of 2.07, a quick ratio of 1.67 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The company has a market cap of $1.43 trillion, a PE ratio of 286.35, a PEG ratio of 16.84 and a beta of 2.06. The stock’s 50-day moving average price is $420.97 and its two-hundred day moving average price is $355.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. During the same period last year, the company posted $0.72 earnings per share. The business’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Tesla Profile

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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.