Harel Insurance Investments & Financial Services Ltd. Has $3.82 Million Holdings in Tesla, Inc. $TSLA

Harel Insurance Investments & Financial Services Ltd. lessened its stake in Tesla, Inc. (NASDAQ:TSLA) by 6.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,036 shares of the electric vehicle producer’s stock after selling 867 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Tesla were worth $3,823,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in TSLA. Siren L.L.C. acquired a new position in shares of Tesla in the 1st quarter valued at $2,332,000. Zuckerman Investment Group LLC increased its position in shares of Tesla by 6.9% during the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock worth $3,304,000 after acquiring an additional 826 shares in the last quarter. Keystone Global Partners LLC acquired a new stake in shares of Tesla in the 1st quarter valued at about $594,000. Strs Ohio acquired a new stake in Tesla in the 1st quarter valued at approximately $205,495,000. Finally, AustralianSuper Pty Ltd lifted its position in shares of Tesla by 1,823.0% in the second quarter. AustralianSuper Pty Ltd now owns 68,325 shares of the electric vehicle producer’s stock worth $21,704,000 after purchasing an additional 64,772 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on TSLA shares. DZ Bank restated a “sell” rating on shares of Tesla in a report on Thursday, October 23rd. Guggenheim reiterated a “sell” rating and set a $175.00 price target on shares of Tesla in a report on Wednesday, July 23rd. Benchmark restated a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research note on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $500.00 price target on shares of Tesla in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have issued a Hold rating and eleven have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $390.27.

Tesla Trading Up 3.7%

Shares of TSLA opened at $456.56 on Friday. The business’s fifty day moving average is $410.52 and its 200-day moving average is $348.12. The firm has a market cap of $1.52 trillion, a price-to-earnings ratio of 304.37, a PEG ratio of 16.84 and a beta of 2.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $488.54.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion during the quarter, compared to the consensus estimate of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director owned 637,031 shares in the company, valued at $269,260,263.08. The trade was a 8.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $352.38, for a total value of $918,302.28. Following the completion of the transaction, the chief financial officer directly owned 9,856 shares of the company’s stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 202,606 shares of company stock valued at $75,588,902. 19.90% of the stock is currently owned by insiders.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.