American Asset Management Inc. Invests $252,000 in Tesla, Inc. $TSLA

American Asset Management Inc. acquired a new stake in Tesla, Inc. (NASDAQ:TSLA) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 794 shares of the electric vehicle producer’s stock, valued at approximately $252,000. Tesla comprises 0.2% of American Asset Management Inc.’s investment portfolio, making the stock its 24th largest position.

A number of other large investors have also bought and sold shares of TSLA. Vanguard Group Inc. increased its holdings in Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock worth $79,856,764,000 after acquiring an additional 4,502,976 shares during the last quarter. Geode Capital Management LLC boosted its position in Tesla by 2.0% during the second quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Tesla by 322.1% in the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer’s stock worth $6,891,201,000 after purchasing an additional 20,291,139 shares in the last quarter. Legal & General Group Plc raised its position in shares of Tesla by 5.9% in the second quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock valued at $6,424,705,000 after purchasing an additional 1,134,678 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Tesla by 2.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 18,576,698 shares of the electric vehicle producer’s stock valued at $5,901,074,000 after buying an additional 401,757 shares in the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Performance

Tesla stock opened at $417.78 on Tuesday. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. The stock has a market cap of $1.39 trillion, a P/E ratio of 278.52, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. The firm’s fifty day moving average price is $433.71 and its 200-day moving average price is $366.49.

Tesla (NASDAQ:TSLA) last released its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. The firm’s revenue was up 11.6% on a year-over-year basis. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wedbush reiterated an “outperform” rating and issued a $600.00 price objective on shares of Tesla in a research note on Wednesday, November 5th. Royal Bank Of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Tesla in a research note on Thursday, October 23rd. Wall Street Zen upgraded Tesla from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. President Capital lifted their target price on Tesla from $373.00 to $529.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, William Blair reissued a “market perform” rating on shares of Tesla in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have assigned a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus target price of $394.31.

Insider Activity at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the transaction, the director directly owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares of the company’s stock, valued at $17,314,500. This trade represents 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 82,606 shares of company stock valued at $33,554,102. Corporate insiders own 19.90% of the company’s stock.

Tesla Company 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.