Tesla, Inc. $TSLA Holdings Boosted by KADENSA CAPITAL Ltd

KADENSA CAPITAL Ltd lifted its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 92.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 111,917 shares of the electric vehicle producer’s stock after purchasing an additional 53,910 shares during the period. Tesla comprises about 5.1% of KADENSA CAPITAL Ltd’s holdings, making the stock its 4th largest position. KADENSA CAPITAL Ltd’s holdings in Tesla were worth $49,772,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in TSLA. Chapman Financial Group LLC acquired a new stake in shares of Tesla in the second quarter valued at approximately $26,000. Manning & Napier Advisors LLC acquired a new position in shares of Tesla in the 3rd quarter valued at $29,000. CoreFirst Bank & Trust purchased a new stake in Tesla in the 2nd quarter valued at $30,000. Texas Capital Bancshares Inc TX purchased a new stake in Tesla in the 3rd quarter valued at $31,000. Finally, ESL Trust Services LLC boosted its stake in Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on TSLA. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Tesla from $500.00 to $480.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Glj Research reissued a “sell” rating on shares of Tesla in a report on Thursday, March 12th. Stifel Nicolaus set a $508.00 price target on Tesla in a research report on Thursday, January 29th. New Street Research upped their price objective on Tesla from $520.00 to $600.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Finally, Benchmark reiterated a “buy” rating on shares of Tesla in a research note on Wednesday, February 11th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat, Tesla currently has an average rating of “Hold” and an average price target of $406.84.

Get Our Latest Report on TSLA

Insider Activity

In other news, Director Kathleen Wilson-Thompson sold 25,731 shares of the firm’s stock in a transaction that occurred on Wednesday, February 25th. The stock was 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 directly owned 19,669 shares of the company’s stock, valued at $8,173,649.64. This trade represents a 56.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of Tesla stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the sale, the director owned 577,031 shares in the company, valued at approximately $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 87,995 shares of company stock valued at $38,315,650 in the last three months. 19.90% of the stock is currently owned by company insiders.

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Tesla Trading Up 1.1%

Shares of Tesla stock opened at $395.56 on Tuesday. The firm has a market cap of $1.48 trillion, a price-to-earnings ratio of 366.26, a price-to-earnings-growth ratio of 11.57 and a beta of 1.89. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company’s 50-day simple moving average is $418.86 and its 200-day simple moving average is $426.37. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

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

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.

See Also

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.