Tesla, Inc. (NASDAQ:TSLA) Shares Bought by AustralianSuper Pty Ltd

AustralianSuper Pty Ltd boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA) by 11,458.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 806,982 shares of the electric vehicle producer’s stock after buying an additional 800,000 shares during the period. Tesla makes up 1.1% of AustralianSuper Pty Ltd’s holdings, making the stock its 24th largest position. AustralianSuper Pty Ltd’s holdings in Tesla were worth $211,131,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Petra Financial Advisors Inc. acquired a new position in shares of Tesla in the third quarter valued at about $356,000. HM Payson & Co. increased its holdings in shares of Tesla by 16.7% in the third quarter. HM Payson & Co. now owns 4,624 shares of the electric vehicle producer’s stock valued at $1,210,000 after purchasing an additional 662 shares during the period. Sippican Capital Advisors acquired a new position in shares of Tesla in the third quarter valued at about $223,000. Oldfather Financial Services LLC acquired a new position in shares of Tesla in the third quarter valued at about $206,000. Finally, Bank Hapoalim BM increased its holdings in shares of Tesla by 11.9% in the third quarter. Bank Hapoalim BM now owns 1,462 shares of the electric vehicle producer’s stock valued at $383,000 after purchasing an additional 155 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on TSLA. Cantor Fitzgerald reissued a “neutral” rating and issued a $245.00 price objective on shares of Tesla in a report on Wednesday, October 23rd. TD Cowen raised their target price on Tesla from $160.00 to $180.00 and gave the stock a “hold” rating in a report on Wednesday, July 3rd. StockNews.com raised Tesla from a “sell” rating to a “hold” rating in a report on Thursday, October 24th. China Renaissance raised Tesla from a “hold” rating to a “buy” rating and set a $290.00 target price on the stock in a report on Friday, July 5th. Finally, Bank of America raised their target price on Tesla from $255.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Eight analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $219.45.

Insiders Place Their Bets

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company’s stock, valued at $26,258,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $26,258,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares of the company’s stock, 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. Insiders sold a total of 12,297 shares of company stock valued at $3,065,866 over the last quarter. 20.70% of the stock is owned by insiders.

Tesla Trading Down 2.1 %

Tesla stock traded down $5.38 during trading on Thursday, reaching $252.17. 25,008,223 shares of the company were exchanged, compared to its average volume of 94,155,555. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $273.54. The company has a market capitalization of $809.48 billion, a P/E ratio of 69.77, a PEG ratio of 7.59 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The stock’s 50 day simple moving average is $232.78 and its two-hundred day simple moving average is $209.50.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter last year, the business posted $0.53 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current fiscal 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.