Mirabella Financial Services LLP grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 108.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,786 shares of the electric vehicle producer's stock after acquiring an additional 4,578 shares during the quarter. Mirabella Financial Services LLP's holdings in Tesla were worth $3,900,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new position in Tesla during the second quarter worth $11,839,824,000. Holocene Advisors LP grew its holdings in shares of Tesla by 132.2% during the third quarter. Holocene Advisors LP now owns 6,157,000 shares of the electric vehicle producer's stock valued at $2,738,141,000 after buying an additional 3,505,000 shares during the last quarter. Amundi increased its position in shares of Tesla by 20.4% during the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer's stock worth $6,374,284,000 after acquiring an additional 3,422,270 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Tesla by 38.3% in the 3rd quarter. Jennison Associates LLC now owns 10,909,666 shares of the electric vehicle producer's stock worth $4,851,747,000 after acquiring an additional 3,021,550 shares during the last quarter. Finally, Capital World Investors lifted its position in Tesla by 5.8% in the 3rd quarter. Capital World Investors now owns 44,035,949 shares of the electric vehicle producer's stock valued at $19,583,547,000 after acquiring an additional 2,403,019 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.
Tesla Price Performance
Shares of NASDAQ TSLA opened at $380.24 on Friday. The company has a market capitalization of $1.43 trillion, a PE ratio of 352.07, a PEG ratio of 11.61 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The stock's 50 day moving average price is $416.30 and its 200-day moving average price is $426.27. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83.
Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $24.75 billion. During the same period last year, the company posted $0.73 earnings per share. Tesla's quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the company. Wedbush reiterated an "outperform" rating and set a $600.00 price target on shares of Tesla in a research note on Thursday, January 29th. Benchmark restated a "buy" rating on shares of Tesla in a report on Wednesday, February 11th. Wells Fargo & Company cut their target price on Tesla from $130.00 to $125.00 and set an "underweight" rating on the stock in a research report on Thursday, January 29th. Morgan Stanley set a $415.00 price target on Tesla and gave the stock an "equal weight" rating in a report on Thursday, January 29th. Finally, Mizuho set a $540.00 price objective on Tesla and gave the company an "outperform" rating in a research note on Thursday, January 29th. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $406.84.
Check Out Our Latest Research Report on TSLA
More Tesla News
Here are the key news stories impacting Tesla this week:
Insider Activity
In other news, CFO Vaibhav Taneja sold 2,264 shares of Tesla stock in a transaction on Friday, March 6th. The stock was sold at an average price of $397.03, for a total transaction of $898,875.92. Following the sale, the chief financial officer directly owned 18,106 shares in the company, valued at $7,188,625.18. The trade was a 11.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business's stock in a transaction dated Friday, January 2nd. The stock was 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 directly owned 577,031 shares in the company, valued at $257,009,607.40. This trade represents a 9.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 87,995 shares of company stock valued at $38,315,650 in the last ninety days. 19.90% of the stock is currently owned by insiders.
About Tesla
(
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.
See Also
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