Teachers Advisors LLC reduced its holdings in Tesla Inc (NASDAQ:TSLA) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 324,050 shares of the electric vehicle producer’s stock after selling 1,721 shares during the period. Teachers Advisors LLC owned about 0.19% of Tesla worth $100,893,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in TSLA. Ark Investment Management LLC lifted its stake in Tesla by 67.0% in the 2nd quarter. Ark Investment Management LLC now owns 37,836 shares of the electric vehicle producer’s stock worth $13,682,000 after acquiring an additional 15,186 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Tesla by 12.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 30,110 shares of the electric vehicle producer’s stock worth $10,271,000 after acquiring an additional 3,408 shares in the last quarter. HL Financial Services LLC raised its stake in shares of Tesla by 29.9% during the 3rd quarter. HL Financial Services LLC now owns 1,326 shares of the electric vehicle producer’s stock worth $452,000 after purchasing an additional 305 shares in the last quarter. Jarislowsky Fraser Ltd purchased a new stake in shares of Tesla during the 3rd quarter worth about $204,000. Finally, CIBC Asset Management Inc raised its stake in shares of Tesla by 9.6% during the 3rd quarter. CIBC Asset Management Inc now owns 11,416 shares of the electric vehicle producer’s stock worth $3,894,000 after purchasing an additional 1,000 shares in the last quarter. 58.30% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. KeyCorp reaffirmed a “hold” rating on shares of Tesla in a research note on Tuesday. UBS Group set a $195.00 price objective on Tesla and gave the company a “sell” rating in a report on Friday, February 9th. Vetr raised Tesla from a “hold” rating to a “buy” rating and set a $339.63 price objective on the stock in a report on Monday, February 12th. Finally, BidaskClub lowered Tesla from a “hold” rating to a “sell” rating in a report on Tuesday. Thirteen equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $321.86.
Tesla Inc (NASDAQ:TSLA) opened at $341.84 on Wednesday. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.56 and a current ratio of 0.86. Tesla Inc has a 52-week low of $246.02 and a 52-week high of $389.61.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.12) by $0.08. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company posted ($0.69) EPS. The business’s revenue for the quarter was up 43.9% compared to the same quarter last year. sell-side analysts anticipate that Tesla Inc will post -15.15 earnings per share for the current fiscal year.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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