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

Wealthfront Advisers LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 3.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 394,126 shares of the electric vehicle producer’s stock after purchasing an additional 14,864 shares during the quarter. Wealthfront Advisers LLC’s holdings in Tesla were worth $175,276,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Narwhal Capital Management increased its stake in Tesla by 32.8% in the third quarter. Narwhal Capital Management now owns 9,516 shares of the electric vehicle producer’s stock valued at $4,232,000 after purchasing an additional 2,350 shares during the last quarter. Norges Bank acquired a new stake in Tesla in the 2nd quarter worth about $11,839,824,000. Police & Firemen s Retirement System of New Jersey grew its holdings in Tesla by 5.6% in 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. AustralianSuper Pty Ltd increased its stake in shares of Tesla by 1,823.0% during the 2nd quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock valued at $21,704,000 after acquiring an additional 64,772 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV lifted its holdings in shares of Tesla by 20.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 16,565 shares of the electric vehicle producer’s stock worth $7,367,000 after acquiring an additional 2,765 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

TSLA stock opened at $417.17 on Tuesday. The stock’s 50 day simple moving average is $446.19 and its 200 day simple moving average is $412.50. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. The firm has a market cap of $1.57 trillion, a P/E ratio of 386.27, a P/E/G ratio of 13.77 and a beta of 1.86.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The business had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on TSLA. Canaccord Genuity Group set a $520.00 price target on shares of Tesla in a research report on Thursday, January 29th. Melius Research set a $520.00 price objective on shares of Tesla and gave the company a “buy” rating in a research note on Monday, October 13th. Morgan Stanley set a $415.00 target price on Tesla and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Roth Mkm set a $505.00 price target on Tesla and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Glj Research restated a “sell” rating on shares of Tesla in a report on Thursday, January 29th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the stock. Based on data from MarketBeat.com, Tesla currently has an average rating of “Hold” and an average target price of $403.92.

View Our Latest Report on TSLA

Insiders Place Their Bets

In other news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares in the company, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the transaction, the director directly owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 119,457 shares of company stock valued at $53,501,145 over the last three months. Company insiders own 19.90% of the company’s stock.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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