Tesla, Inc. $TSLA Shares Acquired by Vanguard Personalized Indexing Management LLC

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Tesla by 26.8%, acquiring an additional 77,921 shares, making up about 1.3% of its portfolio.
• Goldman Sachs Group Inc. dramatically boosted its stake in Tesla by 322.1%, now owning 26.6 million shares valued at about $6.89 billion.
• Insider sales included CFO Vaibhav Taneja and Director James R. Murdoch, who sold shares worth over $26 million combined in September.

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 26.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 368,423 shares of the electric vehicle producer's stock after acquiring an additional 77,921 shares during the period. Tesla makes up about 1.3% of Vanguard Personalized Indexing Management LLC's portfolio, making the stock its 9th biggest position. Vanguard Personalized Indexing Management LLC's holdings in Tesla were worth $117,065,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TSLA. Goldman Sachs Group Inc. lifted its stake in Tesla by 322.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,590,525 shares of the electric vehicle producer's stock valued at $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 1st quarter valued at approximately $3,247,619,000. Kingstone Capital Partners Texas LLC lifted its stake in shares of 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 valued at $2,044,683,000 after purchasing an additional 6,435,598 shares during the period. Amundi lifted its stake in shares of Tesla by 29.4% in the 1st quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer's stock valued at $4,482,789,000 after purchasing an additional 3,814,610 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Tesla by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 246,887,705 shares of the electric vehicle producer's stock valued at $63,983,418,000 after purchasing an additional 3,694,524 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company's stock in a transaction on Monday, September 8th. The shares were sold at an average price of $352.38, for a total transaction of $918,302.28. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the company's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the sale, the director directly owned 637,031 shares of the company's stock, valued at $269,260,263.08. The trade was a 8.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 202,606 shares of company stock valued at $75,588,902 over the last 90 days. 19.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

TSLA has been the subject of several analyst reports. Stifel Nicolaus set a $483.00 target price on shares of Tesla and gave the company a "buy" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on shares of Tesla from $115.00 to $150.00 in a research note on Friday, October 3rd. Robert W. Baird upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $320.00 to $548.00 in a research note on Friday, September 19th. CICC Research boosted their target price on shares of Tesla from $360.00 to $450.00 and gave the company an "outperform" rating in a research note on Thursday, September 18th. Finally, TD Cowen boosted their target price on shares of Tesla from $374.00 to $509.00 and gave the company a "buy" rating in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating, thirteen have issued a Hold rating and eight have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $354.67.

Tesla Price Performance

Shares of NASDAQ TSLA opened at $413.49 on Monday. The firm has a market cap of $1.37 trillion, a PE ratio of 239.01, a PEG ratio of 14.92 and a beta of 2.08. The firm has a fifty day moving average of $375.97 and a 200 day moving average of $328.28. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.55 and a current ratio of 2.04. Tesla, Inc. has a one year low of $212.11 and a one year high of $488.54.

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

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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