Canada Post Corp Registered Pension Plan Purchases 9,610 Shares of Tesla, Inc. $TSLA

Canada Post Corp Registered Pension Plan increased its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 20.7% during the 3rd quarter, Holdings Channel reports. The firm owned 56,055 shares of the electric vehicle producer’s stock after buying an additional 9,610 shares during the period. Tesla makes up approximately 1.1% of Canada Post Corp Registered Pension Plan’s investment portfolio, making the stock its 14th biggest position. Canada Post Corp Registered Pension Plan’s holdings in Tesla were worth $24,844,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Altiora Financial Group LLC lifted its holdings in Tesla by 8.0% in the 3rd quarter. Altiora Financial Group LLC now owns 5,466 shares of the electric vehicle producer’s stock worth $2,431,000 after buying an additional 406 shares during the period. RBA Wealth Management LLC lifted its stake in Tesla by 3.8% in the third quarter. RBA Wealth Management LLC now owns 2,703 shares of the electric vehicle producer’s stock worth $1,202,000 after acquiring an additional 100 shares during the period. Kraft Davis & Associates LLC boosted its holdings in Tesla by 6.1% in the third quarter. Kraft Davis & Associates LLC now owns 2,631 shares of the electric vehicle producer’s stock valued at $1,192,000 after acquiring an additional 152 shares in the last quarter. Wescott Financial Advisory Group LLC increased its position in Tesla by 4.4% during the 3rd quarter. Wescott Financial Advisory Group LLC now owns 2,008 shares of the electric vehicle producer’s stock valued at $893,000 after purchasing an additional 84 shares during the period. Finally, Ledyard National Bank bought a new position in Tesla in the 3rd quarter worth $241,000. Institutional investors own 66.20% of the company’s stock.

Tesla Stock Up 3.5%

Shares of NASDAQ:TSLA opened at $411.11 on Friday. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $498.83. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 380.66, a PEG ratio of 13.30 and a beta of 1.86. The stock has a fifty day simple moving average of $446.45 and a two-hundred day simple moving average of $410.61. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08.

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 (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.05. The firm had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.During the same quarter in the previous year, the firm earned $0.73 EPS. Tesla’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Insider Activity

In other news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares in the company, valued at $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the sale, the chief financial officer directly owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 119,457 shares of company stock worth $53,501,145 over the last 90 days. 19.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Piper Sandler reaffirmed an “overweight” rating on shares of Tesla in a research note on Thursday, January 29th. Bank of America raised their price objective on shares of Tesla from $341.00 to $471.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. iA Financial set a $300.00 target price on Tesla in a report on Monday, October 13th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, January 29th. Finally, CICC Research lifted their price target on Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, December 18th. Seventeen research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $403.92.

Get Our Latest Analysis on Tesla

About Tesla

(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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