Tesla Inc (TSLA) Stake Boosted by Schroder Investment Management Group
Schroder Investment Management Group lifted its position in shares of Tesla Inc (NASDAQ:TSLA) by 24.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,535 shares of the electric vehicle producer’s stock after purchasing an additional 298 shares during the quarter. Schroder Investment Management Group’s holdings in Tesla were worth $521,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Smith Moore & CO. lifted its position in Tesla by 56.3% in the 3rd quarter. Smith Moore & CO. now owns 972 shares of the electric vehicle producer’s stock valued at $332,000 after acquiring an additional 350 shares in the last quarter. CIBC World Markets Inc. increased its stake in Tesla by 74.2% in the 2nd quarter. CIBC World Markets Inc. now owns 10,575 shares of the electric vehicle producer’s stock valued at $3,824,000 after buying an additional 4,504 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in Tesla in the 2nd quarter valued at $681,000. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in Tesla by 2.1% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,569 shares of the electric vehicle producer’s stock valued at $13,156,000 after buying an additional 784 shares during the last quarter. Finally, Arrow Financial Corp increased its stake in Tesla by 13.7% in the 3rd quarter. Arrow Financial Corp now owns 9,338 shares of the electric vehicle producer’s stock valued at $3,186,000 after buying an additional 1,127 shares during the last quarter. 57.20% of the stock is currently owned by institutional investors.
Tesla Inc (NASDAQ:TSLA) opened at $343.45 on Monday. Tesla Inc has a 12-month low of $197.60 and a 12-month high of $389.61. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71.
In other Tesla news, VP John Douglas Field sold 1,400 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total value of $476,938.00. Following the completion of the transaction, the vice president now directly owns 21,528 shares in the company, valued at approximately $7,333,943.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Eric Branderiz sold 1,736 shares of the company’s 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 completion of the transaction, the vice president now owns 1,736 shares of the company’s stock, valued at $589,354.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,817 shares of company stock valued at $4,171,699. 23.10% of the stock is owned by corporate insiders.
Several equities research analysts have issued reports on the stock. Jefferies Group assumed coverage on shares of Tesla in a research note on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 price target on the stock. They noted that the move was a valuation call. Robert W. Baird restated an “outperform” rating and set a $411.00 price objective on shares of Tesla in a research note on Monday, September 18th. Sanford C. Bernstein set a $265.00 price objective on shares of Tesla and gave the stock a “neutral” rating in a research note on Wednesday, September 20th. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 price objective on the stock in a research note on Wednesday, September 20th. Finally, Barclays reaffirmed an “underweight” rating and set a $210.00 target price (up previously from $165.00) on shares of Tesla in a report on Wednesday, September 13th. Thirteen equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $331.04.
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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