Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Raised by Krane Funds Advisors LLC

Krane Funds Advisors LLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 20.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,370 shares of the electric vehicle producer's stock after buying an additional 1,960 shares during the period. Tesla comprises 0.1% of Krane Funds Advisors LLC's investment portfolio, making the stock its 16th biggest holding. Krane Funds Advisors LLC's holdings in Tesla were worth $2,947,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Tesla during the 4th quarter valued at approximately $14,420,248,000. FMR LLC increased its stake in Tesla by 40.1% in the 4th quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock valued at $13,997,660,000 after purchasing an additional 9,920,325 shares in the last quarter. GAMMA Investing LLC boosted its position in Tesla by 27,378.6% during the first quarter. GAMMA Investing LLC now owns 9,812,316 shares of the electric vehicle producer's stock worth $2,542,960,000 after purchasing an additional 9,776,607 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Tesla by 4,963.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock valued at $2,356,288,000 after purchasing an additional 5,719,466 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Tesla by 21.6% in the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock valued at $11,541,592,000 after buying an additional 5,075,418 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on TSLA. Robert W. Baird reiterated a "neutral" rating and issued a $320.00 price objective on shares of Tesla in a research report on Monday, June 9th. Truist Financial set a $280.00 price target on shares of Tesla in a report on Tuesday, April 22nd. Wedbush reissued an "outperform" rating and set a $500.00 price objective on shares of Tesla in a research note on Tuesday. Mizuho upped their target price on Tesla from $325.00 to $390.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Cfra Research downgraded Tesla from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Ten research analysts have rated the stock with a sell rating, thirteen have given a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $301.24.

Tesla Trading Down 0.7%

Shares of TSLA stock traded down $2.09 during mid-day trading on Thursday, reaching $313.56. The company's stock had a trading volume of 58,042,302 shares, compared to its average volume of 101,397,730. The company has a quick ratio of 1.54, a current ratio of 2.00 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $1.01 trillion, a PE ratio of 172.29, a price-to-earnings-growth ratio of 11.41 and a beta of 2.39. The company's 50 day simple moving average is $319.28 and its 200-day simple moving average is $328.10. Tesla, Inc. has a 12-month low of $182.00 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The electric vehicle producer reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.26). The company had revenue of $19.34 billion for the quarter, compared to analyst estimates of $22.93 billion. Tesla had a return on equity of 9.02% and a net margin of 6.66%. During the same quarter in the prior year, the firm earned $0.45 EPS. On average, research analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,564 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $285.71, for a total transaction of $732,560.44. Following the transaction, the chief financial officer directly owned 5,924 shares of the company's stock, valued at approximately $1,692,546.04. The trade was a 30.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 15,000 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $323.81, for a total transaction of $4,857,150.00. Following the sale, the senior vice president directly owned 67,600 shares of the company's stock, valued at approximately $21,889,556. The trade was a 18.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 833,509 shares of company stock valued at $278,648,925 over the last three months. Company insiders own 20.70% of the company's stock.

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.