IQ EQ FUND MANAGEMENT IRELAND Ltd Has $24.13 Million Holdings in Tesla, Inc. $TSLA

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 130.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 75,948 shares of the electric vehicle producer’s stock after buying an additional 42,984 shares during the quarter. Tesla comprises approximately 2.1% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s investment portfolio, making the stock its 5th biggest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Tesla were worth $24,126,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TSLA. First Merchants Corp increased its holdings in Tesla by 1.3% during the 2nd quarter. First Merchants Corp now owns 2,413 shares of the electric vehicle producer’s stock worth $767,000 after purchasing an additional 31 shares in the last quarter. Alaska Wealth Advisors boosted its position in shares of Tesla by 3.4% during the second quarter. Alaska Wealth Advisors now owns 985 shares of the electric vehicle producer’s stock worth $313,000 after buying an additional 32 shares during the period. KWB Wealth grew its holdings in shares of Tesla by 2.4% during the second quarter. KWB Wealth now owns 1,381 shares of the electric vehicle producer’s stock worth $439,000 after buying an additional 33 shares in the last quarter. Conrad Siegel Investment Advisors Inc. lifted its stake in Tesla by 3.6% in the 2nd quarter. Conrad Siegel Investment Advisors Inc. now owns 976 shares of the electric vehicle producer’s stock valued at $310,000 after acquiring an additional 34 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. boosted its position in Tesla by 0.7% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 5,107 shares of the electric vehicle producer’s stock worth $1,622,000 after acquiring an additional 34 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Tesla Trading Up 4.3%

Shares of Tesla stock opened at $452.42 on Tuesday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The business has a fifty day simple moving average of $400.41 and a two-hundred day simple moving average of $342.47. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $488.54. The company has a market capitalization of $1.50 trillion, a price-to-earnings ratio of 301.61, a P/E/G ratio of 15.45 and a beta of 2.08.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. Research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on TSLA. Barclays reissued a “negative” rating and issued a $350.00 price objective (up previously from $275.00) on shares of Tesla in a research report on Thursday, October 16th. Evercore ISI decreased their price objective on Tesla from $300.00 to $235.00 in a report on Friday. Weiss Ratings reissued a “hold (c)” rating on shares of Tesla in a research report on Wednesday, October 8th. Bank of America boosted their price target on Tesla from $305.00 to $341.00 and gave the stock a “neutral” rating in a research report on Monday, July 21st. Finally, Melius started coverage on shares of Tesla in a research note on Monday, October 13th. They issued a “buy” rating and a $520.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and eleven have given a Sell rating to the company. According to MarketBeat.com, Tesla presently has an average rating of “Hold” and a consensus target price of $381.00.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the completion of the sale, the senior vice president directly owned 47,600 shares in the company, valued at $17,314,500. This trade represents a 29.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 120,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the sale, the director owned 697,031 shares of the company’s stock, valued at approximately $244,162,988.99. This represents a 14.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 202,606 shares of company stock valued at $75,588,902 in the last three months. 19.90% of the stock is currently owned by company insiders.

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.