Tesla, Inc. $TSLA Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 29.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,622 shares of the electric vehicle producer’s stock after purchasing an additional 6,892 shares during the quarter. Fisher Asset Management LLC’s holdings in Tesla were worth $13,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Tesla by 0.4% during the third quarter. Vanguard Group Inc. now owns 252,386,304 shares of the electric vehicle producer’s stock worth $112,241,237,000 after buying an additional 995,623 shares during the period. Geode Capital Management LLC boosted its position in shares of Tesla by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares in the last quarter. Norges Bank purchased a new position in Tesla in the second quarter valued at about $11,839,824,000. Legal & General Group Plc lifted its stake in Tesla by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock valued at $6,424,705,000 after buying an additional 1,134,678 shares in the last quarter. Finally, Amundi lifted its holdings in Tesla by 20.4% in the 2nd quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after purchasing an additional 3,422,270 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 25,731 shares of the stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $415.56, for a total value 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 approximately $8,173,649.64. This represents a 56.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 145,188 shares of company stock valued at $64,193,919 over the last ninety days. 19.90% of the stock is owned by insiders.

Tesla Stock Performance

Shares of NASDAQ TSLA opened at $405.94 on Thursday. The company has a market capitalization of $1.52 trillion, a P/E ratio of 375.87, a price-to-earnings-growth ratio of 13.97 and a beta of 1.89. The business’s 50-day moving average price is $428.32 and its two-hundred day moving average price is $422.35. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. Tesla, Inc. has a one year low of $214.25 and a one year high of $498.83.

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

Analysts Set New Price Targets

TSLA has been the topic of several analyst reports. President Capital decreased their price objective on Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Wedbush restated an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research note on Thursday, January 29th. New Street Research lifted their price objective on shares of Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Truist Financial cut their price target on Tesla from $439.00 to $438.00 and set a “hold” rating on the stock in a report on Thursday, January 29th. Finally, Wells Fargo & Company reduced their target price on shares of Tesla from $130.00 to $125.00 and set an “underweight” rating for the company in a research note on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $406.84.

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Tesla Company 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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