Tesla, Inc. $TSLA Shares Acquired by Acorns Advisers LLC

Acorns Advisers LLC lifted its position in Tesla, Inc. (NASDAQ:TSLA) by 14.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,844 shares of the electric vehicle producer’s stock after acquiring an additional 3,501 shares during the period. Tesla accounts for 0.1% of Acorns Advisers LLC’s holdings, making the stock its 24th largest position. Acorns Advisers LLC’s holdings in Tesla were worth $8,845,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TSLA. Siren L.L.C. purchased a new position in Tesla during the first quarter worth about $2,332,000. Zuckerman Investment Group LLC increased its holdings in shares of Tesla by 6.9% during the 1st quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock worth $3,304,000 after buying an additional 826 shares during the last quarter. Norges Bank purchased a new stake in shares of Tesla during the 2nd quarter valued at approximately $11,839,824,000. Police & Firemen s Retirement System of New Jersey raised its position in shares of Tesla by 5.6% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock valued at $135,688,000 after buying an additional 22,607 shares during the period. Finally, Keystone Global Partners LLC acquired a new position in Tesla in the first quarter valued at approximately $594,000. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

NASDAQ TSLA opened at $429.24 on Wednesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The company has a market cap of $1.43 trillion, a P/E ratio of 286.16, a P/E/G ratio of 16.84 and a beta of 2.06. The stock has a 50-day moving average of $433.94 and a two-hundred day moving average of $370.52. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $488.54.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on TSLA shares. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, October 23rd. Industrial Alliance Securities set a $300.00 price target on Tesla in a report on Monday, October 13th. Melius assumed coverage on Tesla in a research report on Monday, October 13th. They set a “buy” rating and a $520.00 price objective for the company. Barclays reaffirmed a “neutral” rating and issued a $350.00 target price on shares of Tesla in a research report on Monday. Finally, The Goldman Sachs Group dropped their price target on shares of Tesla from $425.00 to $400.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla currently has a consensus rating of “Hold” and a consensus price target of $398.92.

Insider Buying and Selling at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total value of $25,360,800.00. Following the sale, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of Tesla 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 transaction, the senior vice president owned 47,600 shares of the company’s stock, valued at approximately $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 82,606 shares of company stock valued at $33,554,102 in the last 90 days. Company insiders own 19.90% of the company’s stock.

About Tesla

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.