American Century Companies Inc. Has $3.10 Billion Stake in Tesla, Inc. $TSLA

American Century Companies Inc. trimmed its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 1.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,966,438 shares of the electric vehicle producer’s stock after selling 133,248 shares during the quarter. Tesla comprises about 1.6% of American Century Companies Inc.’s investment portfolio, making the stock its 7th biggest position. American Century Companies Inc. owned about 0.21% of Tesla worth $3,098,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Brighton Jones LLC grew its stake in shares of Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock valued at $2,147,000 after buying an additional 931 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after acquiring an additional 3,558 shares during the last quarter. Sivia Capital Partners LLC grew its position in Tesla by 9.1% in the second quarter. Sivia Capital Partners LLC now owns 12,135 shares of the electric vehicle producer’s stock worth $3,855,000 after acquiring an additional 1,011 shares in the last quarter. Finally, AGP Franklin LLC increased its stake in Tesla by 21.2% during the second quarter. AGP Franklin LLC now owns 4,861 shares of the electric vehicle producer’s stock worth $1,544,000 after acquiring an additional 851 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating on shares of Tesla in a research note on Wednesday, February 11th. Mizuho set a $540.00 price target on Tesla and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Truist Financial cut their price objective on shares of Tesla from $439.00 to $438.00 and set a “hold” rating on the stock in a research report on Thursday, January 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Tesla from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, TD Cowen lifted their price target on shares of Tesla from $509.00 to $519.00 and gave the stock a “buy” rating in a research note on Thursday, January 29th. Eighteen research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $408.09.

View Our Latest Stock Analysis on TSLA

Tesla Price Performance

Shares of TSLA stock opened at $402.51 on Friday. The stock has a market capitalization of $1.51 trillion, a price-to-earnings ratio of 372.69, a P/E/G ratio of 14.54 and a beta of 1.86. 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 twelve month low of $214.25 and a twelve month high of $498.83. The stock has a fifty day simple moving average of $433.46 and a two-hundred day simple moving average of $420.43.

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

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling at Tesla

In other news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on 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 in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 25,731 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the completion of the transaction, the director directly owned 19,669 shares of the company’s stock, valued at $8,173,649.64. This trade represents a 56.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 145,188 shares of company stock worth $64,193,919 over the last quarter. 19.90% of the stock is currently owned by company insiders.

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.

See Also

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.