Tesla Inc (TSLA) Position Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC boosted its stake in Tesla Inc (NASDAQ:TSLA) by 304.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,865 shares of the electric vehicle producer’s stock after purchasing an additional 2,156 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Tesla were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Jennison Associates LLC grew its position in Tesla by 17.1% during the fourth quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock valued at $1,053,158,000 after acquiring an additional 494,761 shares during the last quarter. American Century Companies Inc. grew its position in Tesla by 8.9% during the fourth quarter. American Century Companies Inc. now owns 655,149 shares of the electric vehicle producer’s stock valued at $203,981,000 after acquiring an additional 53,279 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD grew its position in Tesla by 77.1% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock valued at $197,922,000 after acquiring an additional 276,781 shares during the last quarter. Janus Henderson Group PLC grew its position in Tesla by 126.6% during the third quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock valued at $186,601,000 after acquiring an additional 305,596 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Tesla by 1.3% during the third quarter. Legal & General Group Plc now owns 545,371 shares of the electric vehicle producer’s stock valued at $186,026,000 after acquiring an additional 7,119 shares during the last quarter. 54.86% of the stock is currently owned by institutional investors and hedge funds.

TSLA has been the topic of a number of recent research reports. UBS Group increased their price target on shares of Tesla to $365.00 and gave the company a “hold” rating in a research report on Thursday, February 8th. Vetr cut shares of Tesla from a “buy” rating to a “hold” rating and set a $331.97 price target on the stock. in a research report on Tuesday, January 9th. BidaskClub upgraded shares of Tesla from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 24th. Cascend Securities cut shares of Tesla from a “hold” rating to a “sell” rating and set a $250.00 price target on the stock. in a research report on Tuesday, December 5th. Finally, Evercore ISI reduced their price target on shares of Tesla from $330.00 to $312.00 and set an “outperform” rating on the stock in a research report on Sunday, October 29th. Thirteen investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $324.20.

In related news, Director Kimbal Musk sold 4,065 shares of Tesla stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the sale, the director now owns 154,589 shares in the company, valued at $48,244,135.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Eric Branderiz sold 1,229 shares of Tesla stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $312.61, for a total transaction of $384,197.69. Following the completion of the sale, the vice president now owns 4,808 shares in the company, valued at approximately $1,503,028.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,231 shares of company stock worth $3,292,431. 23.10% of the stock is currently owned by company insiders.

Tesla Inc (NASDAQ TSLA) opened at $335.49 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla Inc has a fifty-two week low of $242.01 and a fifty-two week high of $389.61. The stock has a market cap of $56,653.19, a P/E ratio of -28.46 and a beta of 0.97.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($3.12) by $0.08. Tesla had a negative net margin of 16.68% and a negative return on equity of 32.11%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. The business’s revenue was up 43.9% on a year-over-year basis. During the same quarter last year, the business earned ($0.69) earnings per share. research analysts forecast that Tesla Inc will post -15.15 EPS for the current fiscal year.

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Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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