Tesla, Inc. $TSLA Shares Purchased by AustralianSuper Pty Ltd

Key Points

• AustralianSuper Pty Ltd increased its holdings in Tesla, Inc. by 1,823.0% during the second quarter, now owning 68,325 shares valued at approximately $21.7 million.
• Tesla reported $0.50 earnings per share (EPS) for the most recent quarter, outperforming the consensus estimate of $0.48, with revenue rising to $28.10 billion.
• Analysts have provided mixed recommendations with a consensus price target for Tesla shares at $381.00, while Cantor Fitzgerald set a target price of $510.00 and Royal Bank Of Canada set $500.00.

AustralianSuper Pty Ltd raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1,823.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,325 shares of the electric vehicle producer's stock after buying an additional 64,772 shares during the period. AustralianSuper Pty Ltd's holdings in Tesla were worth $21,704,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Siren L.L.C. acquired a new position in Tesla during the first quarter valued at approximately $2,332,000. Zuckerman Investment Group LLC lifted its position in Tesla by 6.9% during the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer's stock valued at $3,304,000 after buying an additional 826 shares in the last quarter. Keystone Global Partners LLC acquired a new position in Tesla during the first quarter valued at approximately $594,000. Strs Ohio acquired a new position in Tesla during the first quarter valued at approximately $205,495,000. Finally, IFM Investors Pty Ltd lifted its position in Tesla by 8.5% during the first quarter. IFM Investors Pty Ltd now owns 586,460 shares of the electric vehicle producer's stock valued at $153,436,000 after buying an additional 46,087 shares in the last quarter. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 4.3%

TSLA opened at $452.42 on Tuesday. The stock has a market capitalization of $1.50 trillion, a PE ratio of 301.61, a P/E/G ratio of 15.45 and a beta of 2.08. The firm's fifty day moving average price is $400.41 and its 200 day moving average price is $342.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $488.54.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 22nd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analysts' expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm's quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.72 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Insider Activity at Tesla

In related news, SVP Xiaotong Zhu sold 20,000 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares of the company's stock, valued at $17,314,500. This represents a 29.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 2,606 shares of the business'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 sale, the chief financial officer owned 9,856 shares of the company's stock, valued at approximately $3,473,057.28. The trade was a 20.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 202,606 shares of company stock valued at $75,588,902 over the last ninety days. Corporate insiders own 19.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Cantor Fitzgerald set a $510.00 target price on shares of Tesla and gave the stock an "overweight" rating in a research report on Thursday. Industrial Alliance Securities set a $300.00 target price on shares of Tesla in a research report on Monday, October 13th. Royal Bank Of Canada reissued an "outperform" rating and set a $500.00 target price on shares of Tesla in a research report on Thursday, October 23rd. Dbs Bank boosted their target price on shares of Tesla from $300.00 to $450.00 in a research report on Wednesday, September 17th. Finally, Bank of America boosted their target price on shares of Tesla from $305.00 to $341.00 and gave the stock a "neutral" rating in a research report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have assigned a Hold rating and eleven have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $381.00.

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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