Fisher Asset Management LLC Has $7.54 Million Stake in Tesla, Inc. $TSLA

Fisher Asset Management LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 19.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,730 shares of the electric vehicle producer’s stock after buying an additional 3,839 shares during the period. Fisher Asset Management LLC’s holdings in Tesla were worth $7,538,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank bought a new stake in shares of Tesla during the 2nd quarter worth approximately $11,839,824,000. Nuveen LLC acquired a new position in Tesla during the first quarter worth $3,247,619,000. Kingstone Capital Partners Texas LLC raised its position in Tesla by 581,880.5% during the second quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after acquiring an additional 6,435,598 shares in the last quarter. Vanguard Group Inc. lifted its stake in Tesla by 1.8% in the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares during the last quarter. Finally, Amundi grew its position in shares of Tesla by 29.4% in the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after acquiring an additional 3,814,610 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. This trade represents a 20.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred 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 $269,260,263.08. This represents a 8.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 82,606 shares of company stock worth $33,554,102 in the last quarter. Corporate insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $454.53 on Friday. 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 firm has a market cap of $1.51 trillion, a price-to-earnings ratio of 303.02, a P/E/G ratio of 15.09 and a beta of 1.87. The stock’s fifty day moving average price is $434.64 and its two-hundred day moving average price is $371.63. Tesla, Inc. has a one year low of $214.25 and a one year high of $488.54.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the business posted $0.72 earnings per share. Tesla’s quarterly revenue was up 11.6% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

TSLA has been the topic of a number of research analyst reports. Dbs Bank raised shares of Tesla to a “hold” rating in a report on Wednesday, November 5th. Baird R W raised Tesla from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. HSBC reaffirmed a “reduce” rating on shares of Tesla in a research report on Monday, November 17th. UBS Group reissued a “sell” rating on shares of Tesla in a report on Friday, November 7th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Tesla in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus price target of $398.92.

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.