LA Financiere DE L Echiquier Has $27.36 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

LA Financiere DE L Echiquier lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 159.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 103,141 shares of the electric vehicle producer’s stock after buying an additional 63,332 shares during the period. Tesla comprises about 1.7% of LA Financiere DE L Echiquier’s portfolio, making the stock its 23rd biggest holding. LA Financiere DE L Echiquier’s holdings in Tesla were worth $27,359,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC increased its holdings in Tesla by 200.2% in the 3rd quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer’s stock worth $7,840,155,000 after purchasing an additional 19,711,687 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Tesla by 196.4% in the 3rd quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock worth $7,394,330,000 after purchasing an additional 18,472,529 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Tesla by 10.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock worth $9,584,845,000 after purchasing an additional 1,317,687 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Tesla by 189.0% in the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock worth $2,484,549,000 after purchasing an additional 6,125,732 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in Tesla by 2.5% in the 1st quarter. Northern Trust Corp now owns 8,774,479 shares of the electric vehicle producer’s stock worth $9,455,380,000 after purchasing an additional 216,282 shares in the last quarter. Institutional investors and hedge funds own 43.00% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $143.89 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $454.37 billion, a price-to-earnings ratio of 44.46, a PEG ratio of 1.18 and a beta of 2.02. The stock has a 50 day moving average of $148.77 and a 200 day moving average of $220.41. Tesla, Inc. has a 12 month low of $101.81 and a 12 month high of $384.29.

Insider Activity at Tesla

In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the sale, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Andrew D. Baglino sold 10,500 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the sale, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zachary Kirkhorn sold 3,752 shares of the firm’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the completion of the sale, the chief financial officer now directly owns 200,411 shares of the company’s stock, valued at $21,906,926.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,172,833 shares of company stock valued at $4,492,567,309. 25.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial reduced their price target on Tesla from $299.00 to $245.00 and set a “buy” rating on the stock in a research report on Monday. Daiwa Capital Markets reduced their price target on Tesla from $240.00 to $177.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 20th. StockNews.com assumed coverage on Tesla in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Edward Jones upgraded Tesla from a “hold” rating to a “buy” rating in a research report on Thursday, January 5th. Finally, Bank of America reduced their price target on Tesla from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 17th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $216.60.

Tesla Company Profile

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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