North Star Asset Management Inc. Has $1.47 Million Stock Position in Tesla, Inc. $TSLA

North Star Asset Management Inc. boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 73.2% during the third quarter, Holdings Channel reports. The institutional investor owned 3,310 shares of the electric vehicle producer’s stock after acquiring an additional 1,399 shares during the quarter. North Star Asset Management Inc.’s holdings in Tesla were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Tesla during the second quarter valued at approximately $11,839,824,000. Vanguard Group Inc. raised its position in shares of Tesla by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after acquiring an additional 4,502,976 shares during the period. Amundi boosted its position in shares of Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock worth $6,374,284,000 after purchasing an additional 3,422,270 shares in the last quarter. Jennison Associates LLC grew its stake in Tesla by 38.3% in the third quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer’s stock valued at $4,851,747,000 after acquiring an additional 3,021,550 shares during the period. Finally, Geode Capital Management LLC increased its stake in Tesla by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock worth $20,480,477,000 after purchasing an additional 1,269,304 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Tesla in a report on Thursday, January 29th. Benchmark reaffirmed a “buy” rating on shares of Tesla in a report on Wednesday, February 11th. CICC Research upped their price objective on shares of Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Evercore increased their target price on Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $405.00 price objective on shares of Tesla in a report on Thursday, January 29th. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, Tesla currently has an average rating of “Hold” and an average target price of $408.09.

Read Our Latest Analysis on TSLA

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

Shares of TSLA stock opened at $417.26 on Thursday. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.57 trillion, a price-to-earnings ratio of 386.35, a price-to-earnings-growth ratio of 14.47 and a beta of 1.86. The firm has a 50 day moving average of $436.53 and a 200-day moving average of $420.06.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm had revenue of $24.90 billion during the quarter, compared to the consensus estimate of $24.75 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities analysts forecast that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 119,457 shares of company stock valued at $53,501,145. Insiders own 19.90% of the company’s stock.

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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