Tesla Inc (TSLA) Shares Bought by California Public Employees Retirement System
California Public Employees Retirement System raised its position in shares of Tesla Inc (NASDAQ:TSLA) by 3.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 331,147 shares of the electric vehicle producer’s stock after purchasing an additional 10,108 shares during the quarter. California Public Employees Retirement System owned 0.20% of Tesla worth $112,954,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its stake in shares of Tesla by 5.1% in the third quarter. Janney Montgomery Scott LLC now owns 32,355 shares of the electric vehicle producer’s stock worth $11,036,000 after buying an additional 1,572 shares during the last quarter. Valeo Financial Advisors LLC purchased a new stake in shares of Tesla in the third quarter worth about $567,000. Janus Henderson Group PLC boosted its stake in shares of Tesla by 126.6% in the third quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after buying an additional 305,596 shares during the last quarter. Vident Investment Advisory LLC purchased a new stake in shares of Tesla in the third quarter worth about $352,000. Finally, Cornerstone Capital Management Holdings LLC. boosted its stake in shares of Tesla by 6.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 17,584 shares of the electric vehicle producer’s stock worth $5,997,000 after buying an additional 1,138 shares during the last quarter. Institutional investors and hedge funds own 57.20% of the company’s stock.
In other Tesla news, VP Eric Branderiz sold 1,229 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $312.61, for a total transaction of $384,197.69. Following the completion of the transaction, the vice president now owns 4,808 shares of the company’s stock, valued at $1,503,028.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John Douglas Field sold 600 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the transaction, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The disclosure for this sale can be found here. Insiders have sold 11,417 shares of company stock valued at $3,694,761 in the last three months. Insiders own 23.10% of the company’s stock.
A number of analysts have recently commented on TSLA shares. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the stock a “neutral” rating in a research note on Wednesday, September 20th. Cascend Securities downgraded Tesla from a “hold” rating to a “sell” rating and set a $250.00 target price on the stock. in a research note on Tuesday, December 5th. Evercore ISI lowered their target price on Tesla from $330.00 to $312.00 and set an “outperform” rating on the stock in a research note on Sunday, October 29th. Vetr upgraded Tesla from a “strong sell” rating to a “sell” rating and set a $308.16 target price on the stock in a research note on Tuesday, October 3rd. Finally, Citigroup restated a “hold” rating and issued a $367.00 target price on shares of Tesla in a research note on Wednesday, November 15th. Twelve analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $331.04.
Tesla Inc (NASDAQ TSLA) opened at $328.91 on Tuesday. Tesla Inc has a fifty-two week low of $191.04 and a fifty-two week high of $389.61. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business’s revenue was up 29.9% compared to the same quarter last year. equities research analysts anticipate that Tesla Inc will post -11.38 earnings per share for the current fiscal year.
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Tesla Company Profile
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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