Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Raymond James & Associates

Raymond James & Associates increased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 1.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,167,495 shares of the electric vehicle producer’s stock after buying an additional 19,242 shares during the period. Raymond James & Associates’ holdings in Tesla were worth $205,234,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TSLA. Vanguard Group Inc. boosted its holdings in shares of Tesla by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock valued at $57,102,287,000 after acquiring an additional 3,866,361 shares during the period. Norges Bank acquired a new position in Tesla during the 4th quarter valued at about $7,844,757,000. Morgan Stanley grew its position in Tesla by 7.8% in the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after purchasing an additional 2,177,397 shares during the last quarter. FMR LLC increased its stake in shares of Tesla by 0.9% in the third quarter. FMR LLC now owns 29,040,734 shares of the electric vehicle producer’s stock valued at $7,266,572,000 after purchasing an additional 269,182 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Tesla by 3.4% during the third quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock valued at $6,891,765,000 after buying an additional 909,170 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the completion of the transaction, the senior vice president now owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Xiaotong Zhu sold 687 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $177.11, for a total transaction of $121,674.57. Following the transaction, the senior vice president now owns 63,171 shares in the company, valued at approximately $11,188,215.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $204.17, for a total transaction of $2,143,785.00. Following the transaction, the senior vice president now directly owns 31,230 shares of the company’s stock, valued at approximately $6,376,229.10. The disclosure for this sale can be found here. Insiders sold a total of 209,098 shares of company stock valued at $38,802,534 in the last quarter. Insiders own 25.10% of the company’s stock.

Tesla Stock Down 1.1 %

Shares of TSLA stock traded down $1.89 on Friday, hitting $168.29. The company’s stock had a trading volume of 109,309,500 shares, compared to its average volume of 100,050,800. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.25. The stock has a market capitalization of $536.71 billion, a price-to-earnings ratio of 42.93, a P/E/G ratio of 4.50 and a beta of 2.39. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $299.29. The firm’s fifty day moving average price is $175.04 and its 200-day moving average price is $208.00.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 24th. The electric vehicle producer reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). Tesla had a net margin of 14.37% and a return on equity of 13.18%. The company had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The firm’s revenue was up 3.5% on a year-over-year basis. Research analysts anticipate that Tesla, Inc. will post 1.97 EPS for the current year.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of recent analyst reports. Wedbush restated an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research note on Friday, April 19th. Mizuho decreased their price objective on shares of Tesla from $195.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. dropped their target price on Tesla from $130.00 to $115.00 and set an “underweight” rating on the stock in a report on Wednesday, April 3rd. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Wednesday. Finally, Citigroup lifted their target price on Tesla from $180.00 to $182.00 and gave the stock a “neutral” rating in a report on Wednesday. Eight analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $186.70.

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.