Tesla, Inc. (NASDAQ:TSLA) Stake Boosted by American Century Companies Inc.

American Century Companies Inc. increased its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,830,751 shares of the electric vehicle producer’s stock after purchasing an additional 9,085 shares during the quarter. Tesla accounts for about 0.8% of American Century Companies Inc.’s investment portfolio, making the stock its 11th largest holding. American Century Companies Inc.’s holdings in Tesla were worth $1,351,669,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Atalanta Sosnoff Capital LLC lifted its stake in Tesla by 3.7% in the fourth quarter. Atalanta Sosnoff Capital LLC now owns 183,297 shares of the electric vehicle producer’s stock valued at $45,546,000 after buying an additional 6,575 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in Tesla by 7.4% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 28,222 shares of the electric vehicle producer’s stock valued at $7,013,000 after buying an additional 1,943 shares during the last quarter. Entropy Technologies LP bought a new stake in Tesla in the first quarter valued at $1,941,000. Future Financial Wealth Managment LLC bought a new stake in Tesla in the first quarter valued at $79,000. Finally, Public Employees Retirement System of Ohio lifted its stake in Tesla by 0.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 1,413,257 shares of the electric vehicle producer’s stock valued at $351,166,000 after buying an additional 6,034 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction dated Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Tuesday, July 9th. Glj Research reaffirmed a “sell” rating and set a $24.86 target price on shares of Tesla in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $295.00 target price on shares of Tesla in a report on Tuesday. Wedbush reissued an “outperform” rating and issued a $300.00 price target on shares of Tesla in a research note on Wednesday, July 24th. Finally, Stifel Nicolaus initiated coverage on Tesla in a research note on Tuesday, June 25th. They issued a “buy” rating and a $265.00 price target on the stock. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $209.03.

Tesla Stock Performance

NASDAQ TSLA opened at $228.13 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. The firm has a market capitalization of $728.79 billion, a price-to-earnings ratio of 58.20, a P/E/G ratio of 5.57 and a beta of 2.29. The company’s fifty day moving average is $224.13 and its two-hundred day moving average is $194.20. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $278.98.

Tesla (NASDAQ:TSLA) last issued its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business had revenue of $25.50 billion for the quarter, compared to analyst estimates of $24.38 billion. During the same quarter last year, the firm posted $0.78 earnings per share. Tesla’s revenue was up 2.3% on a year-over-year basis. Equities research analysts forecast that Tesla, Inc. will post 1.75 EPS 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.