Tesla, Inc. $TSLA Holdings Raised by Natixis Advisors LLC

Natixis Advisors LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 4.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,786,543 shares of the electric vehicle producer’s stock after acquiring an additional 81,332 shares during the quarter. Tesla makes up about 1.2% of Natixis Advisors LLC’s investment portfolio, making the stock its 11th biggest position. Natixis Advisors LLC’s holdings in Tesla were worth $794,511,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Chapman Financial Group LLC acquired a new stake in shares of Tesla during the second quarter worth $26,000. Manning & Napier Advisors LLC acquired a new position in shares of Tesla in the 3rd quarter valued at about $29,000. CoreFirst Bank & Trust bought a new stake in shares of Tesla during the 2nd quarter valued at about $30,000. ESL Trust Services LLC grew its position in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 95 shares during the last quarter. Finally, Delos Wealth Advisors LLC acquired a new stake in Tesla during the second quarter worth about $32,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on TSLA. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research report on Thursday, January 29th. UBS Group upped their price objective on Tesla from $307.00 to $352.00 and gave the stock a “sell” rating in a research note on Thursday, January 29th. TD Cowen increased their target price on Tesla from $509.00 to $519.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Wells Fargo & Company cut their target price on Tesla from $130.00 to $125.00 and set an “underweight” rating on the stock in a research note on Thursday, January 29th. Finally, Canaccord Genuity Group set a $520.00 price target on shares of Tesla in a report on Thursday, January 29th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $406.84.

Read Our Latest Analysis on Tesla

Tesla Stock Down 2.2%

TSLA opened at $396.73 on Friday. The stock’s 50 day moving average price is $425.17 and its 200 day moving average price is $423.32. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. The stock has a market cap of $1.49 trillion, a P/E ratio of 367.34, a P/E/G 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 announced its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping 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 company had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The firm’s quarterly revenue was down 3.1% on a year-over-year basis. As a group, research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insider Activity at Tesla

In related news, Director Kathleen Wilson-Thompson sold 25,731 shares of the company’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $415.56, for a total value of $10,692,774.36. Following the completion of the sale, the director owned 19,669 shares of the company’s stock, valued at $8,173,649.64. This represents a 56.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 145,188 shares of company stock valued at $64,193,919 in the last ninety days. Company insiders own 19.90% of the company’s stock.

Trending Headlines about Tesla

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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.

Further Reading

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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