Westpac Banking Corp boosted its holdings in Tesla Inc (NASDAQ:TSLA) by 128.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,940 shares of the electric vehicle producer’s stock after purchasing an additional 28,100 shares during the quarter. Westpac Banking Corp’s holdings in Tesla were worth $15,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Harfst & Associates Inc. grew its position in Tesla by 4.9% during the second quarter. Harfst & Associates Inc. now owns 984 shares of the electric vehicle producer’s stock valued at $355,000 after acquiring an additional 46 shares during the period. Rikoon Group LLC grew its position in Tesla by 7.8% during the second quarter. Rikoon Group LLC now owns 691 shares of the electric vehicle producer’s stock valued at $249,000 after acquiring an additional 50 shares during the period. Linscomb & Williams Inc. grew its position in Tesla by 1.4% during the second quarter. Linscomb & Williams Inc. now owns 6,630 shares of the electric vehicle producer’s stock valued at $2,397,000 after acquiring an additional 90 shares during the period. Advisory Services Network LLC grew its position in Tesla by 21.6% during the second quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock valued at $193,000 after acquiring an additional 95 shares during the period. Finally, Nordea Investment Management AB grew its position in Tesla by 2.3% during the second quarter. Nordea Investment Management AB now owns 4,718 shares of the electric vehicle producer’s stock valued at $1,706,000 after acquiring an additional 106 shares during the period. Hedge funds and other institutional investors own 57.13% of the company’s stock.

A number of equities research analysts have issued reports on TSLA shares. Robert W. Baird reissued a “buy” rating and set a $411.00 price target on shares of Tesla in a research report on Friday, September 29th. Nomura started coverage on Tesla in a research report on Wednesday, October 4th. They set a “buy” rating and a $500.00 price target for the company. Instinet started coverage on Tesla in a research report on Wednesday, October 4th. They set a “buy” rating and a $500.00 price target for the company. Guggenheim reissued a “buy” rating and set a $430.00 price target on shares of Tesla in a research report on Friday, October 6th. Finally, Piper Jaffray Companies set a $386.00 price target on Tesla and gave the company a “buy” rating in a research report on Monday, October 16th. Eleven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company. Tesla has a consensus rating of “Hold” and a consensus target price of $329.48.

In related news, VP Eric Branderiz sold 1,736 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Douglas Field sold 1,400 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $7,333,943.76. The disclosure for this sale can be found here. Insiders sold 15,692 shares of company stock valued at $5,026,873 in the last three months. 23.10% of the stock is currently owned by company insiders.

Shares of Tesla Inc (NASDAQ:TSLA) opened at $346.29 on Thursday. Tesla Inc has a 1 year low of $235.58 and a 1 year high of $389.61. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $58,350.00, a PE ratio of -40.45 and a beta of 0.94.

Tesla (NASDAQ:TSLA) last issued its quarterly 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. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. Tesla’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.71 earnings per share. research analysts expect that Tesla Inc will post -11.38 EPS for the current fiscal year.

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About Tesla

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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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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