Tesla, Inc. $TSLA Shares Acquired by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 43.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,643,085 shares of the electric vehicle producer’s stock after purchasing an additional 497,220 shares during the period. AQR Capital Management LLC owned about 0.05% of Tesla worth $521,942,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LGT Financial Advisors LLC purchased a new stake in shares of Tesla in the second quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new stake in shares of Tesla in the second quarter valued at approximately $30,000. ESL Trust Services LLC grew its stake in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. Chelsea Counsel Co. grew its position in Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock worth $28,000 after buying an additional 40 shares during the period. Finally, Evergreen Private Wealth LLC grew its holdings in shares of Tesla by 270.0% in the 2nd quarter. Evergreen Private Wealth LLC now owns 111 shares of the electric vehicle producer’s stock worth $35,000 after acquiring an additional 81 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TSLA shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a report on Thursday, October 23rd. Benchmark reaffirmed a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. Baird R W raised shares of Tesla from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. HSBC reissued a “reduce” rating on shares of Tesla in a research report on Monday, November 17th. Finally, Morgan Stanley set a $425.00 price objective on shares of Tesla and gave the company an “equal weight” rating in a research note on Sunday, December 7th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $399.33.

Insider Activity

In other Tesla news, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 119,457 shares of company stock worth $52,137,945. 19.90% of the stock is currently owned by company insiders.

Tesla Price Performance

TSLA stock opened at $458.96 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The firm has a market cap of $1.53 trillion, a P/E ratio of 305.97, a price-to-earnings-growth ratio of 15.09 and a beta of 1.87. The stock has a 50-day simple moving average of $435.52 and a 200-day simple moving average of $376.19.

Tesla (NASDAQ:TSLA) last released its quarterly 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 return on equity of 6.61% and a net margin of 5.51%.The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same period in the previous year, the company posted $0.72 EPS. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, equities analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal 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.