Tesla, Inc. $TSLA Shares Bought by AQR Capital Management LLC

AQR Capital Management LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 43.4% during the second quarter, HoldingsChannel.com reports. The fund owned 1,643,085 shares of the electric vehicle producer’s stock after acquiring an additional 497,220 shares during the period. AQR Capital Management LLC’s holdings in Tesla were worth $521,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Tesla during the 2nd quarter valued at about $11,839,824,000. Kingstone Capital Partners Texas LLC raised its stake in shares of Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after buying an additional 6,435,598 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares during the last quarter. Amundi lifted its stake in Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the last quarter. Finally, Caxton Associates LLP bought a new stake in shares of Tesla during the 1st quarter worth $469,339,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

TSLA has been the subject of several recent analyst reports. DZ Bank reiterated a “sell” rating on shares of Tesla in a report on Thursday, October 23rd. Stifel Nicolaus increased their price target on shares of Tesla from $483.00 to $508.00 and gave the stock a “buy” rating in a research report on Monday, November 17th. New Street Research boosted their price objective on shares of Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. TD Cowen increased their target price on shares of Tesla from $374.00 to $509.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Robert W. Baird upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $320.00 to $548.00 in a report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $399.33.

Insider Buying and Selling at Tesla

In related news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the sale, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. This represents a 3.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 119,457 shares of company stock worth $52,137,945 over the last ninety days. Company insiders own 19.90% of the company’s stock.

Tesla Stock Up 2.7%

Shares of Tesla stock opened at $458.96 on Friday. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $488.54. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average price of $435.52 and a two-hundred day moving average price of $376.19. The stock has a market capitalization of $1.53 trillion, a P/E ratio of 305.97, a PEG ratio of 15.09 and a beta of 1.87.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The business had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. During the same period in the previous year, the company earned $0.72 earnings per share. Tesla’s revenue for the quarter was up 11.6% on a year-over-year basis. Equities analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.