Tesla, Inc. (NASDAQ:TSLA) is Metis Global Partners LLC’s 10th Largest Position

Metis Global Partners LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 3.2% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 171,796 shares of the electric vehicle producer’s stock after acquiring an additional 5,272 shares during the quarter. Tesla makes up about 1.4% of Metis Global Partners LLC’s investment portfolio, making the stock its 10th biggest position. Metis Global Partners LLC’s holdings in Tesla were worth $44,947,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. increased its holdings in shares of Tesla by 0.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after acquiring an additional 331 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Tesla by 0.5% in the first quarter. Kingsview Wealth Management LLC now owns 34,682 shares of the electric vehicle producer’s stock valued at $6,097,000 after buying an additional 157 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Tesla by 12.4% during the first quarter. Orion Portfolio Solutions LLC now owns 77,359 shares of the electric vehicle producer’s stock worth $13,599,000 after buying an additional 8,534 shares during the period. Private Portfolio Partners LLC increased its position in Tesla by 21.0% in the 1st quarter. Private Portfolio Partners LLC now owns 2,077 shares of the electric vehicle producer’s stock valued at $365,000 after acquiring an additional 360 shares during the period. Finally, Brighton Jones LLC raised its stake in Tesla by 19.5% during the 1st quarter. Brighton Jones LLC now owns 72,529 shares of the electric vehicle producer’s stock valued at $12,750,000 after acquiring an additional 11,826 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wolfe Research began coverage on Tesla in a research note on Thursday, September 5th. They issued a “peer perform” rating on the stock. Stifel Nicolaus upped their price objective on shares of Tesla from $265.00 to $287.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Sanford C. Bernstein reaffirmed an “underperform” rating and issued a $120.00 target price on shares of Tesla in a report on Thursday, October 3rd. Roth Mkm restated a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research note on Friday, October 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Tesla from $130.00 to $135.00 and gave the stock an “underweight” rating in a research note on Thursday, October 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $228.24.

Tesla Stock Down 1.2 %

Shares of NASDAQ:TSLA opened at $326.17 on Thursday. The firm has a market cap of $1.05 trillion, a price-to-earnings ratio of 90.48, a PEG ratio of 10.67 and a beta of 2.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $358.64. The stock’s 50-day moving average price is $248.48 and its two-hundred day moving average price is $218.94.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts forecast that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Transactions at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at approximately $1,868,508. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 188,797 shares of company stock valued at $57,616,781. 20.70% of the stock is currently owned by corporate 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.