Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 17.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,662,953 shares of the electric vehicle producer's stock after purchasing an additional 251,017 shares during the period. Tesla makes up approximately 1.1% of Mirae Asset Global Investments Co. Ltd.'s investment portfolio, making the stock its 19th largest holding. Mirae Asset Global Investments Co. Ltd. owned 0.05% of Tesla worth $428,533,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of TSLA. Norges Bank acquired a new position in shares of Tesla during the fourth quarter valued at $14,420,248,000. FMR LLC grew its holdings in Tesla by 40.1% during the fourth quarter. FMR LLC now owns 34,661,400 shares of the electric vehicle producer's stock worth $13,997,660,000 after acquiring an additional 9,920,325 shares during the period. GAMMA Investing LLC grew its holdings 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 acquiring an additional 9,776,607 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Tesla by 4,963.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,834,707 shares of the electric vehicle producer's stock worth $2,356,288,000 after acquiring an additional 5,719,466 shares during the period. Finally, Northern Trust Corp grew its holdings in Tesla by 21.6% during the fourth quarter. Northern Trust Corp now owns 28,579,615 shares of the electric vehicle producer's stock worth $11,541,592,000 after acquiring an additional 5,075,418 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Stock Down 0.7%

Shares of Tesla stock opened at $323.63 on Friday. The firm has a market cap of $1.04 trillion, a price-to-earnings ratio of 177.82, a P/E/G ratio of 12.10 and a beta of 2.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.00 and a quick ratio of 1.54. Tesla, Inc. has a 52-week low of $182.00 and a 52-week high of $488.54. The stock has a 50-day simple moving average of $314.93 and a 200-day simple moving average of $329.82.

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

Insider Activity

In related news, Director Ira Matthew Ehrenpreis sold 477,572 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $357.30, for a total value of $170,636,475.60. Following the transaction, the director now directly owns 855,394 shares of the company's stock, valued at approximately $305,632,276.20. This trade represents a 35.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was bought at an average cost of $256.31 per share, for a total transaction of $1,025,240.00. Following the completion of the purchase, the director now directly owns 4,111 shares in the company, valued at $1,053,690.41. This represents a 3,603.60% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 833,509 shares of company stock worth $278,648,925 in the last three months. 20.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Baird R W lowered Tesla from a "strong-buy" rating to a "hold" rating in a report on Monday, June 9th. Bank of America lowered their target price on Tesla from $490.00 to $380.00 and set a "neutral" rating on the stock in a report on Tuesday, March 4th. UBS Group lifted their target price on Tesla from $190.00 to $215.00 and gave the stock a "sell" rating in a report on Monday, June 23rd. The Goldman Sachs Group reaffirmed a "neutral" rating on shares of Tesla in a report on Friday, June 20th. Finally, Roth Mkm lowered their target price on Tesla from $450.00 to $395.00 and set a "buy" rating on the stock in a report on Wednesday, April 23rd. Ten research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Tesla has a consensus rating of "Hold" and a consensus target price of $298.37.

About Tesla

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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