Tesla, Inc. $TSLA Shares Bought by Avanza Fonder AB

Avanza Fonder AB lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 2.3% during the third quarter, HoldingsChannel.com reports. The firm owned 315,157 shares of the electric vehicle producer’s stock after purchasing an additional 7,052 shares during the period. Tesla accounts for about 3.7% of Avanza Fonder AB’s portfolio, making the stock its 5th largest position. Avanza Fonder AB’s holdings in Tesla were worth $140,157,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Chesley Taft & Associates LLC raised its holdings in shares of Tesla by 0.8% in the third quarter. Chesley Taft & Associates LLC now owns 3,118 shares of the electric vehicle producer’s stock worth $1,387,000 after acquiring an additional 25 shares during the last quarter. Intergy Private Wealth LLC grew its holdings in shares of Tesla by 0.9% during the 3rd quarter. Intergy Private Wealth LLC now owns 2,975 shares of the electric vehicle producer’s stock worth $1,323,000 after purchasing an additional 27 shares during the period. Security National Bank of SO Dak increased its holdings in Tesla by 2.4% in the 3rd quarter. Security National Bank of SO Dak now owns 1,216 shares of the electric vehicle producer’s stock valued at $541,000 after purchasing an additional 28 shares in the last quarter. JGP Wealth Management LLC lifted its holdings in Tesla by 0.7% in the 3rd quarter. JGP Wealth Management LLC now owns 3,866 shares of the electric vehicle producer’s stock valued at $1,685,000 after acquiring an additional 28 shares during the last quarter. Finally, Financial Harvest LLC lifted its position in shares of Tesla by 2.4% during the 3rd quarter. Financial Harvest LLC now owns 1,217 shares of the electric vehicle producer’s stock valued at $541,000 after acquiring an additional 29 shares during the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several brokerages have commented on TSLA. New Street Research raised their target price on shares of Tesla from $465.00 to $520.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Morgan Stanley set a $425.00 target price on Tesla and gave the stock an “equal weight” rating in a research report on Sunday, December 7th. DZ Bank restated a “sell” rating on shares of Tesla in a report on Thursday, October 23rd. President Capital raised their price objective on Tesla from $373.00 to $529.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Melius assumed coverage on Tesla in a research report on Monday, October 13th. They set a “buy” rating and a $520.00 target price for the company. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus target price of $414.50.

Read Our Latest Report on Tesla

Insiders Place Their Bets

In related news, CFO Vaibhav Taneja sold 2,637 shares of the business’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 transaction, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. The trade was a 16.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction on Tuesday, December 9th. The shares were 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. Company insiders own 19.90% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $475.19 on Friday. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83. 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 market cap of $1.58 trillion, a P/E ratio of 316.79, a PEG ratio of 12.01 and a beta of 1.87. The company’s 50-day simple moving average is $444.97 and its 200 day simple moving average is $386.90.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. Tesla’s quarterly revenue was up 11.6% on a year-over-year basis. As a group, research analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

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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