Tesla, Inc. $TSLA Shares Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp grew its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 23.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 171,083 shares of the electric vehicle producer’s stock after acquiring an additional 32,025 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Tesla were worth $63,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Networth Advisors LLC purchased a new stake in Tesla during the fourth quarter worth $26,000. Chapman Financial Group LLC purchased a new position in shares of Tesla in the second quarter valued at $26,000. Davidson Capital Management Inc. raised its stake in shares of Tesla by 79.4% during the 4th quarter. Davidson Capital Management Inc. now owns 61 shares of the electric vehicle producer’s stock worth $27,000 after buying an additional 27 shares during the last quarter. Friedenthal Financial grew its stake in Tesla by 66.7% in the 1st quarter. Friedenthal Financial now owns 75 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 30 shares during the last quarter. Finally, Prism Advisors Inc. acquired a new stake in Tesla in the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several recent research reports. Zacks Research raised shares of Tesla from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 28th. BNP Paribas Exane cut Tesla from a “hold” rating to an “underperform” rating in a report on Friday, June 5th. Glj Research restated a “sell” rating on shares of Tesla in a research report on Tuesday, July 21st. Guggenheim started coverage on Tesla in a research note on Monday, June 29th. They set a “neutral” rating on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Tesla in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $404.95.

Read Our Latest Stock Report on TSLA

Tesla Stock Down 2.1%

Shares of NASDAQ TSLA opened at $313.03 on Friday. The stock has a market capitalization of $1.18 trillion, a PE ratio of 289.85, a P/E/G ratio of 10.51 and a beta of 1.80. The company has a quick ratio of 1.62, a current ratio of 1.94 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average of $400.74 and a 200-day moving average of $402.53. Tesla, Inc. has a 52-week low of $297.82 and a 52-week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion during the quarter, compared to analyst estimates of $26.42 billion. Tesla had a net margin of 3.67% and a return on equity of 3.82%. Tesla’s revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. On average, analysts anticipate that Tesla, Inc. will post 1.33 EPS for the current year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total transaction of $1,350,000.00. Following the completion of the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $8,147,700. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the firm’s stock in a transaction on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director directly owned 48,399 shares in the company, valued at approximately $18,300,145.89. This represents a 35.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 32,015 shares of company stock worth $12,383,640. 19.90% of the stock is currently owned by corporate insiders.

Trending Headlines about Tesla

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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