CIBC Asset Management Inc boosted its stake in Tesla Inc. (NASDAQ:TSLA) by 9.6% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,416 shares of the electric vehicle producer’s stock after buying an additional 1,000 shares during the quarter. CIBC Asset Management Inc’s holdings in Tesla were worth $3,894,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in Tesla by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after acquiring an additional 292,602 shares during the last quarter. Capital World Investors raised its holdings in Tesla by 0.6% in the 2nd quarter. Capital World Investors now owns 3,016,552 shares of the electric vehicle producer’s stock valued at $1,090,815,000 after acquiring an additional 17,452 shares during the last quarter. Jennison Associates LLC raised its holdings in Tesla by 4.3% in the 2nd quarter. Jennison Associates LLC now owns 3,002,685 shares of the electric vehicle producer’s stock valued at $1,085,801,000 after acquiring an additional 124,511 shares during the last quarter. Gilder Gagnon Howe & Co. LLC raised its holdings in Tesla by 0.4% in the 2nd quarter. Gilder Gagnon Howe & Co. LLC now owns 692,792 shares of the electric vehicle producer’s stock valued at $250,521,000 after acquiring an additional 2,754 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Tesla by 8.3% in the 2nd quarter. Legal & General Group Plc now owns 538,252 shares of the electric vehicle producer’s stock valued at $194,637,000 after acquiring an additional 41,435 shares during the last quarter. 56.36% of the stock is currently owned by hedge funds and other institutional investors.

TSLA has been the subject of several analyst reports. Citigroup Inc. initiated coverage on Tesla in a report on Thursday, July 20th. They issued a “neutral” rating and a $357.00 price target for the company. Vetr downgraded Tesla from a “strong-buy” rating to a “buy” rating and set a $371.27 price target for the company. in a report on Monday, July 24th. UBS AG reiterated a “sell” rating and issued a $185.00 price target on shares of Tesla in a report on Wednesday, July 26th. Robert W. Baird reiterated an “outperform” rating and issued a $368.00 price target on shares of Tesla in a report on Wednesday, July 26th. Finally, Sanford C. Bernstein set a $265.00 price target on Tesla and gave the company a “neutral” rating in a report on Thursday, July 27th. Ten 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. Tesla has a consensus rating of “Hold” and a consensus price target of $330.28.

In other Tesla news, VP John Douglas Field sold 600 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was 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 $6,461,478.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stephen T. Jurvetson sold 44,777 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $340.36, for a total value of $15,240,299.72. Following the completion of the transaction, the director now directly owns 36,111 shares in the company, valued at $12,290,739.96. The disclosure for this sale can be found here. Insiders sold 55,518 shares of company stock worth $18,819,611 over the last three months. Insiders own 23.10% of the company’s stock.

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Shares of Tesla Inc. (NASDAQ:TSLA) opened at $315.21 on Thursday. 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 12-month low of $180.00 and a 12-month high of $389.61.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating the consensus estimate 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 company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the firm posted $0.71 earnings per share. Tesla’s revenue was up 29.9% compared to the same quarter last year. analysts anticipate that Tesla Inc. will post -11.38 earnings per share for the current year.

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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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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