Tesla, Inc. $TSLA Shares Acquired by International Assets Investment Management LLC

Key Points

• International Assets Investment Management LLC increased its holdings in Tesla by 4.8% during the 2nd quarter, now owning 48,893 shares valued at approximately $15.5 million.
• Goldman Sachs Group significantly raised its stake in Tesla by 322.1% during the first quarter, resulting in a total of over 26.5 million shares valued at nearly $6.9 billion.
• Tesla's recent earnings report showed a miss on earnings per share (EPS) estimates, with $0.40 reported versus a consensus of $0.43, and an 11.8% decrease in revenue year-over-year.

International Assets Investment Management LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 4.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,893 shares of the electric vehicle producer's stock after acquiring an additional 2,223 shares during the quarter. Tesla makes up approximately 0.8% of International Assets Investment Management LLC's holdings, making the stock its 16th biggest holding. International Assets Investment Management LLC's holdings in Tesla were worth $15,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Goldman Sachs Group Inc. raised its stake in Tesla by 322.1% during the first quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock worth $6,891,201,000 after acquiring an additional 20,291,139 shares during the period. Nuveen LLC acquired a new stake in Tesla during the first quarter worth about $3,247,619,000. Kingstone Capital Partners Texas LLC grew its position in Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer's stock worth $2,044,683,000 after purchasing an additional 6,435,598 shares during the last quarter. Amundi grew its position in Tesla by 29.4% in the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock worth $4,482,789,000 after purchasing an additional 3,814,610 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Tesla by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock worth $63,983,418,000 after purchasing an additional 3,694,524 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Up 2.5%

Shares of NASDAQ:TSLA opened at $439.31 on Friday. The stock has a market capitalization of $1.46 trillion, a price-to-earnings ratio of 253.94, a PEG ratio of 15.79 and a beta of 2.08. Tesla, Inc. has a 1-year low of $212.11 and a 1-year high of $488.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. The company has a 50 day moving average price of $387.54 and a 200 day moving average price of $333.60.

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 for 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 quarterly revenue was down 11.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share. On average, research analysts anticipate that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on TSLA shares. Piper Sandler upped their target price on shares of Tesla from $400.00 to $500.00 and gave the stock an "overweight" rating in a research report on Monday, September 22nd. TD Cowen upped their target price on shares of Tesla from $374.00 to $509.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Melius Research set a $520.00 target price on shares of Tesla and gave the stock a "buy" rating in a research report on Monday, October 13th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a research report on Thursday, July 24th. Finally, Stifel Nicolaus set a $483.00 target price on shares of Tesla and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, twelve have given a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $363.54.

Insider Buying and Selling

In related news, Director James R. Murdoch sold 60,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares in the company, valued at approximately $269,260,263.08. This trade represents a 8.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president owned 47,600 shares of the company's stock, valued at $17,314,500. The trade was a 29.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 202,606 shares of company stock worth $75,588,902. Corporate insiders own 19.90% of the company's stock.

Tesla Company 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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