Fjarde AP Fonden Fourth Swedish National Pension Fund increased its position in shares of Tesla Inc. (NASDAQ:TSLA) by 2.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,569 shares of the electric vehicle producer’s stock after acquiring an additional 784 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Tesla were worth $13,156,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Tesla by 4.9% in the second quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after acquiring an additional 292,602 shares in the last quarter. Whale Rock Capital Management LLC bought a new stake in Tesla in the second quarter worth approximately $66,601,000. Jasper Ridge Partners L.P. boosted its holdings in shares of Tesla by 7,001.5% during the 2nd quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock worth $58,319,000 after buying an additional 159,005 shares during the period. Quantitative Investment Management LLC bought a new stake in shares of Tesla during the 2nd quarter worth $52,108,000. Finally, Janus Henderson Group PLC boosted its holdings in shares of Tesla by 131.8% during the 2nd quarter. Janus Henderson Group PLC now owns 241,476 shares of the electric vehicle producer’s stock worth $87,329,000 after buying an additional 137,318 shares during the period. Institutional investors and hedge funds own 56.36% of the company’s stock.
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Several analysts recently issued reports on the stock. Sanford C. Bernstein set a $265.00 price objective on shares of Tesla and gave the stock a “hold” rating in a report on Monday. Berenberg Bank reaffirmed a “buy” rating on shares of Tesla in a report on Thursday, August 3rd. Citigroup Inc. assumed coverage on shares of Tesla in a report on Thursday, July 20th. They set a “neutral” rating and a $357.00 price objective for the company. Vetr raised shares of Tesla from a “hold” rating to a “buy” rating and set a $372.51 price objective for the company in a report on Thursday, August 10th. Finally, Jefferies Group LLC assumed coverage on shares of Tesla in a report on Tuesday, September 19th. They set an “underperform” rating and a $280.00 price objective for the company. They noted that the move was a valuation call. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $330.44.
Tesla Inc. (NASDAQ TSLA) traded down $6.27 during midday trading on Tuesday, hitting $309.13. 4,348,262 shares of the stock were exchanged, compared to its average volume of 6,404,817. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. Tesla Inc. has a 12 month low of $178.19 and a 12 month high of $389.61.
Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $0.71 earnings per share. The firm’s revenue was up 29.9% compared to the same quarter last year. analysts predict that Tesla Inc. will post -11.38 EPS for the current fiscal year.
In other news, Director Stephen T. Jurvetson sold 44,777 shares of Tesla stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $340.36, for a total value of $15,240,299.72. Following the sale, the director now directly owns 36,111 shares in the company, valued at $12,290,739.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $355.20, for a total transaction of $777,888.00. Following the completion of the sale, the director now owns 158,584 shares in the company, valued at $56,329,036.80. The disclosure for this sale can be found here. Insiders sold 53,782 shares of company stock worth $18,294,800 over the last quarter. 23.10% of the stock is owned by corporate insiders.
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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