Tesla, Inc. $TSLA Shares Purchased by Vinva Investment Management Ltd

Vinva Investment Management Ltd boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 25.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,443 shares of the electric vehicle producer’s stock after buying an additional 42,323 shares during the quarter. Tesla makes up about 1.8% of Vinva Investment Management Ltd’s holdings, making the stock its 8th largest position. Vinva Investment Management Ltd’s holdings in Tesla were worth $91,054,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Manning & Napier Advisors LLC purchased a new position in shares of Tesla in the 3rd quarter valued at about $29,000. Westend Capital Management LLC purchased a new stake in Tesla during the third quarter worth approximately $32,000. Chapman Financial Group LLC purchased a new stake in Tesla during the second quarter worth approximately $26,000. CoreFirst Bank & Trust purchased a new position in Tesla in the second quarter valued at approximately $30,000. Finally, ESL Trust Services LLC increased its stake in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after purchasing an additional 95 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Insider Activity at Tesla

In other Tesla news, Director Kathleen Wilson-Thompson sold 25,731 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total transaction of $10,692,774.36. Following the sale, the director directly owned 19,669 shares in the company, valued at approximately $8,173,649.64. The trade was a 56.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the company’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 transaction, the director directly owned 1,391,615 shares in the company, valued at approximately $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 145,188 shares of company stock valued at $64,193,919 over the last 90 days. Company insiders own 19.90% of the company’s stock.

Tesla Stock Performance

Shares of TSLA stock opened at $396.73 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $425.17 and a 200-day simple moving average of $423.32. The company has a market cap of $1.49 trillion, a price-to-earnings ratio of 367.34, a price-to-earnings-growth ratio of 11.73 and a beta of 1.89. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $24.75 billion. During the same period in the previous year, the business earned $0.73 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, equities analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of several recent analyst reports. Glj Research restated a “sell” rating on shares of Tesla in a research report on Tuesday, February 24th. Stifel Nicolaus set a $508.00 target price on shares of Tesla in a research report on Thursday, January 29th. Morgan Stanley set a $415.00 price target on shares of Tesla and gave the stock an “equal weight” rating in a research note on Thursday, January 29th. William Blair reissued a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. Finally, Phillip Securities decreased their price objective on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Nineteen analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have assigned a Sell rating to the stock. Based on data from MarketBeat, Tesla has a consensus rating of “Hold” and a consensus price target of $406.84.

Check Out Our Latest Analysis on TSLA

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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