Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 22.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 504,152 shares of the electric vehicle producer’s stock after purchasing an additional 93,970 shares during the period. Tesla makes up approximately 1.0% of Worldquant Millennium Advisors LLC’s portfolio, making the stock its 20th biggest holding. Worldquant Millennium Advisors LLC’s holdings in Tesla were worth $131,901,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC grew its position in Tesla by 3.5% during the third quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer’s stock valued at $6,473,008,000 after buying an additional 828,308 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Tesla by 13.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer’s stock worth $6,377,970,000 after acquiring an additional 2,946,763 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Tesla by 1.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,545,824 shares of the electric vehicle producer’s stock valued at $4,328,884,000 after acquiring an additional 301,968 shares during the period. Jennison Associates LLC raised its holdings in Tesla by 11.9% in the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer’s stock worth $3,192,203,000 after purchasing an additional 1,294,093 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Tesla by 35,611.2% during the third quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer’s stock worth $2,892,160,000 after purchasing an additional 11,023,436 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Insider Transactions at Tesla

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at approximately $1,868,508. This trade represents a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the business’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $250.23, for a total value of $15,138,915.00. Following the transaction, the director now directly owns 1,563,220 shares of the company’s stock, valued at $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 420,280 shares of company stock valued at $135,164,640. 20.70% of the stock is currently owned by corporate insiders.

Tesla Stock Up 3.2 %

Tesla stock opened at $369.49 on Friday. The company has a market capitalization of $1.19 trillion, a PE ratio of 101.23, a price-to-earnings-growth ratio of 11.41 and a beta of 2.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $375.43. The firm has a 50 day moving average price of $282.96 and a 200 day moving average price of $236.89.

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

Analysts Set New Price Targets

TSLA has been the subject of several research analyst reports. Roth Capital raised Tesla from a “hold” rating to a “strong-buy” rating in a research note on Monday. HSBC reaffirmed a “reduce” rating and set a $124.00 price objective on shares of Tesla in a report on Friday, October 11th. Guggenheim upped their price target on shares of Tesla from $156.00 to $175.00 and gave the stock a “sell” rating in a research report on Thursday. Glj Research reiterated a “sell” rating and issued a $24.86 price objective on shares of Tesla in a report on Thursday, October 17th. Finally, Piper Sandler boosted their price objective on Tesla from $310.00 to $315.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Nine research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $245.84.

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.