Tesla Inc. (TSLA) Shares Bought by ING Groep NV
ING Groep NV increased its holdings in shares of Tesla Inc. (NASDAQ:TSLA) by 18.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,659 shares of the electric vehicle producer’s stock after purchasing an additional 3,614 shares during the period. ING Groep NV’s holdings in Tesla were worth $8,070,000 as of its most recent SEC filing.
A number of other large investors have also modified their holdings of TSLA. Vanguard Group Inc. lifted its stake in shares of Tesla by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after acquiring an additional 292,602 shares during the period. Whale Rock Capital Management LLC purchased a new position in shares of Tesla in the 2nd quarter valued at about $66,601,000. Jasper Ridge Partners L.P. increased its holdings in shares of Tesla by 7,001.5% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock valued at $58,319,000 after purchasing an additional 159,005 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in shares of Tesla in the 2nd quarter valued at about $52,108,000. Finally, Janus Henderson Group PLC increased its holdings in shares of Tesla by 131.8% in the 2nd quarter. Janus Henderson Group PLC now owns 241,476 shares of the electric vehicle producer’s stock valued at $87,329,000 after purchasing an additional 137,318 shares in the last quarter. Hedge funds and other institutional investors own 55.71% of the company’s stock.
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Tesla Inc. (TSLA) traded down $5.21 on Thursday, hitting $312.60. 4,890,091 shares of the company traded hands, compared to its average volume of 6,434,940. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. Tesla Inc. has a twelve month low of $180.00 and a twelve month high of $389.61.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 29.9% on a year-over-year basis. equities research analysts anticipate that Tesla Inc. will post -11.38 EPS for the current year.
A number of equities analysts have recently issued reports on the stock. Vetr downgraded shares of Tesla from a “buy” rating to a “hold” rating and set a $371.10 price target for the company. in a report on Wednesday, August 9th. Robert W. Baird reiterated an “outperform” rating and issued a $411.00 price target (up previously from $368.00) on shares of Tesla in a report on Monday, August 14th. Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the company a “hold” rating in a report on Monday, November 13th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Tesla in a report on Wednesday, August 9th. Finally, Guggenheim reiterated a “buy” rating and issued a $430.00 price target on shares of Tesla in a report on Thursday, August 10th. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have assigned a buy rating to the company. Tesla currently has a consensus rating of “Hold” and a consensus price target of $329.87.
In other news, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total transaction of $589,354.64. Following the sale, the vice president now owns 1,736 shares in the company, valued at $589,354.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $355.20, for a total transaction of $777,888.00. Following the sale, the director now owns 158,584 shares in the company, valued at approximately $56,329,036.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,741 shares of company stock worth $3,579,311. 23.10% of the stock is currently owned by corporate insiders.
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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