Tesla, Inc. $TSLA Shares Acquired by Anchor Investment Management LLC

Anchor Investment Management LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 12.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 9,812 shares of the electric vehicle producer’s stock after buying an additional 1,100 shares during the quarter. Anchor Investment Management LLC’s holdings in Tesla were worth $3,117,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TSLA. Norges Bank acquired a new stake in Tesla during the second quarter worth approximately $11,839,824,000. Kingstone Capital Partners Texas LLC boosted its stake in 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 during the last quarter. Vanguard Group Inc. increased its stake in shares of Tesla by 1.8% during 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 holdings in shares of Tesla by 29.4% during the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock worth $4,482,789,000 after acquiring an additional 3,814,610 shares during the period. Finally, Caxton Associates LLP purchased a new stake in Tesla in the first quarter valued at approximately $469,339,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Up 2.7%

Shares of Tesla stock opened at $458.96 on Friday. The business has a fifty day simple moving average of $435.52 and a 200-day simple moving average of $376.29. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The firm has a market cap of $1.53 trillion, a price-to-earnings ratio of 305.97, a price-to-earnings-growth ratio of 15.50 and a beta of 1.87. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $600.00 price objective on shares of Tesla in a research note on Wednesday, November 5th. China Renaissance boosted their price objective on shares of Tesla from $349.00 to $380.00 and gave the stock a “hold” rating in a research note on Friday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Tesla from $440.00 to $470.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Glj Research reaffirmed a “sell” rating on shares of Tesla in a research report on Wednesday, October 22nd. Finally, Cowen reiterated a “buy” rating on shares of Tesla in a report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $399.33.

Insider Activity at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares of the company’s stock, valued at $269,260,263.08. This trade represents a 8.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 119,457 shares of company stock valued at $52,137,945 over the last ninety days. Insiders own 19.90% of the company’s stock.

About Tesla

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.