Tesla, Inc. $TSLA Shares Acquired by TD Asset Management Inc

TD Asset Management Inc lifted its position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,467,763 shares of the electric vehicle producer’s stock after acquiring an additional 2,381 shares during the quarter. TD Asset Management Inc’s holdings in Tesla were worth $652,744,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of TSLA. Relyea Zuckerberg Hanson LLC grew its holdings in shares of Tesla by 0.4% during the third quarter. Relyea Zuckerberg Hanson LLC now owns 6,558 shares of the electric vehicle producer’s stock valued at $2,916,000 after purchasing an additional 23 shares during the last quarter. Equita Financial Network Inc. boosted its position in Tesla by 2.8% during the 3rd quarter. Equita Financial Network Inc. now owns 855 shares of the electric vehicle producer’s stock valued at $380,000 after purchasing an additional 23 shares during the period. VanderPol Investments L.L.C. grew its stake in Tesla by 2.2% during the 3rd quarter. VanderPol Investments L.L.C. now owns 1,070 shares of the electric vehicle producer’s stock worth $464,000 after buying an additional 23 shares during the last quarter. Resonant Capital Advisors LLC increased its position in Tesla by 0.3% in the third quarter. Resonant Capital Advisors LLC now owns 8,577 shares of the electric vehicle producer’s stock worth $3,814,000 after buying an additional 23 shares during the period. Finally, Cloud Capital Management LLC boosted its holdings in shares of Tesla by 1.1% during the third quarter. Cloud Capital Management LLC now owns 2,076 shares of the electric vehicle producer’s stock valued at $923,000 after acquiring an additional 23 shares during the period. Institutional investors own 66.20% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Tesla Trading Up 2.4%

Shares of NASDAQ:TSLA opened at $409.38 on Wednesday. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 379.06, a PEG ratio of 14.13 and a beta of 1.86. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83. The company has a 50 day moving average price of $437.53 and a 200 day moving average price of $420.08. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.77 and a current ratio of 2.16.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. During the same period last year, the company posted $0.73 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity at Tesla

In other news, Director Kimbal Musk sold 56,820 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the completion of the sale, the director directly owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the completion of the transaction, the director owned 577,031 shares in the company, valued at approximately $257,009,607.40. This represents a 9.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 119,457 shares of company stock valued at $53,501,145. Company insiders own 19.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TSLA shares. Stifel Nicolaus set a $508.00 price objective on shares of Tesla in a research report on Thursday, January 29th. Piper Sandler reiterated an “overweight” rating on shares of Tesla in a research report on Thursday, January 29th. Bank of America lifted their price objective on shares of Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. New Street Research increased their target price on shares of Tesla from $520.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Finally, China Renaissance raised their target price on shares of Tesla from $380.00 to $382.00 and gave the company a “hold” rating in a research note on Monday, February 2nd. Eighteen analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the stock. According to MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $408.09.

Read Our Latest Analysis on Tesla

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Read More

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.