IFM Investors Pty Ltd Buys 4,801 Shares of Tesla, Inc. $TSLA

Key Points

• IFM Investors Pty Ltd increased its stake in Tesla, acquiring an additional 4,801 shares, bringing its total holdings to 545,174 shares valued at approximately $141 million.
• Insiders have sold a total of 143,606 shares in the last 90 days, with key transactions from CFO Vaibhav Taneja and SVP Xiaotong Zhu reflecting a notable decrease in their positions.
• Tesla's recent earnings report showed a missed earnings expectation, with $0.40 per share compared to the anticipated $0.43, and revenue of $22.50 billion, which was below the consensus estimate of $23.18 billion.

IFM Investors Pty Ltd increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 545,174 shares of the electric vehicle producer's stock after acquiring an additional 4,801 shares during the quarter. Tesla comprises 1.5% of IFM Investors Pty Ltd's portfolio, making the stock its 8th biggest holding. IFM Investors Pty Ltd's holdings in Tesla were worth $141,287,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cherry Tree Wealth Management LLC grew its holdings in shares of Tesla by 86.3% during the 1st quarter. Cherry Tree Wealth Management LLC now owns 95 shares of the electric vehicle producer's stock worth $25,000 after purchasing an additional 44 shares in the last quarter. First PREMIER Bank grew its holdings in shares of Tesla by 79.2% during the 1st quarter. First PREMIER Bank now owns 95 shares of the electric vehicle producer's stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Newton One Investments LLC grew its holdings in shares of Tesla by 250.0% during the 1st quarter. Newton One Investments LLC now owns 105 shares of the electric vehicle producer's stock worth $27,000 after purchasing an additional 75 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Tesla during the 1st quarter worth $27,000. Finally, Centennial Bank AR grew its holdings in shares of Tesla by 833.3% during the 1st quarter. Centennial Bank AR now owns 112 shares of the electric vehicle producer's stock worth $29,000 after purchasing an additional 100 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer owned 9,856 shares of the company's stock, valued at $3,473,057.28. This represents a 20.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 15,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total value of $4,857,150.00. Following the transaction, the senior vice president directly owned 67,600 shares in the company, valued at $21,889,556. This represents a 18.16% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 143,606 shares of company stock worth $49,581,812. 20.70% of the stock is owned by corporate insiders.

Tesla Price Performance

TSLA stock opened at $346.97 on Wednesday. The firm has a market cap of $1.12 trillion, a price-to-earnings ratio of 200.56, a PEG ratio of 12.08 and a beta of 2.06. The company has a quick ratio of 1.55, a current ratio of 2.04 and a debt-to-equity ratio of 0.07. Tesla, Inc. has a 12-month low of $212.11 and a 12-month high of $488.54. The company's fifty day simple moving average is $325.50 and its 200 day simple moving average is $302.26.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The electric vehicle producer reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.03). The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $23.18 billion. Tesla had a return on equity of 7.98% and a net margin of 6.54%.The company's revenue for the quarter was down 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. On average, analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on TSLA. Stifel Nicolaus set a $440.00 price objective on Tesla in a research report on Friday. Bank of America upped their price objective on Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. William Blair reaffirmed a "market perform" rating on shares of Tesla in a research note on Friday. China Renaissance reaffirmed a "hold" rating and set a $349.00 target price on shares of Tesla in a research note on Friday, July 25th. Finally, Wedbush reiterated an "outperform" rating and issued a $500.00 target price on shares of Tesla in a research report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $303.00.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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