Greenleaf Trust Grows Holdings in Tesla, Inc. $TSLA

Greenleaf Trust raised its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 4.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,617 shares of the electric vehicle producer’s stock after purchasing an additional 2,270 shares during the period. Greenleaf Trust’s holdings in Tesla were worth $24,113,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in 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. State Street Corp lifted its position in Tesla by 0.3% during the third quarter. State Street Corp now owns 113,762,849 shares of the electric vehicle producer’s stock worth $50,592,614,000 after buying an additional 344,162 shares during the period. Capital World Investors lifted its position in Tesla by 5.8% during the third quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer’s stock worth $19,583,547,000 after buying an additional 2,403,019 shares during the period. Jennison Associates LLC lifted its position in Tesla by 38.3% during the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock worth $4,851,747,000 after buying an additional 3,021,550 shares during the period. Finally, Franklin Resources Inc. lifted its position in Tesla by 5.8% during the third quarter. Franklin Resources Inc. now owns 6,737,089 shares of the electric vehicle producer’s stock worth $2,996,118,000 after buying an additional 368,493 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Performance

Tesla stock opened at $343.25 on Thursday. The stock’s 50-day moving average is $395.97 and its 200-day moving average is $425.97. The company has a market cap of $1.29 trillion, a price-to-earnings ratio of 317.82, a price-to-earnings-growth ratio of 10.69 and a beta of 1.91. 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 12 month low of $222.79 and a 12 month high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS 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 for the quarter, compared to the consensus estimate of $24.75 billion. During the same period last year, the business posted $0.73 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 25,809 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $359.33, for a total value of $9,273,947.97. Following the completion of the sale, the director owned 33,860 shares in the company, valued at approximately $12,166,913.80. This trade represents a 43.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 2,264 shares of the stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $397.03, for a total value of $898,875.92. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $7,188,625.18. This trade represents a 11.11% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 53,804 shares of company stock valued at $20,865,598. Insiders own 19.90% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of several recent analyst reports. Tigress Financial initiated coverage on Tesla in a research report on Thursday, February 12th. They set a “buy” rating and a $550.00 target price on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $405.00 target price on shares of Tesla in a research report on Thursday, January 29th. JPMorgan Chase & Co. restated a “sell” rating on shares of Tesla in a report on Tuesday. Royal Bank Of Canada restated a “buy” rating on shares of Tesla in a report on Thursday, March 26th. Finally, DZ Bank restated a “sell” rating on shares of Tesla in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and ten have given a Sell rating to the stock. Based on data from MarketBeat, Tesla currently has an average rating of “Hold” and a consensus target price of $400.44.

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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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