CIBC World Markets Inc. increased its position in shares of Tesla Inc (NASDAQ:TSLA) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,071 shares of the electric vehicle producer’s stock after buying an additional 69 shares during the period. CIBC World Markets Inc.’s holdings in Tesla were worth $1,690,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of TSLA. FMR LLC increased its position in shares of Tesla by 13.3% in the fourth quarter. FMR LLC now owns 22,050,401 shares of the electric vehicle producer’s stock valued at $4,711,950,000 after buying an additional 2,582,730 shares during the last quarter. Baillie Gifford & Co. increased its position in shares of Tesla by 3.5% in the fourth quarter. Baillie Gifford & Co. now owns 13,289,548 shares of the electric vehicle producer’s stock valued at $2,839,843,000 after buying an additional 454,467 shares during the last quarter. Norges Bank acquired a new position in shares of Tesla during the fourth quarter valued at about $94,658,000. Renaissance Technologies LLC acquired a new position in shares of Tesla during the fourth quarter valued at about $66,541,000. Finally, Asset Management One Co. Ltd. increased its position in shares of Tesla by 2,063.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 220,007 shares of the electric vehicle producer’s stock valued at $47,029,000 after buying an additional 209,838 shares during the last quarter. 57.29% of the stock is currently owned by hedge funds and other institutional investors.
Tesla Inc (NASDAQ:TSLA) traded down 0.71% during trading on Friday, hitting $310.83. 4,686,137 shares of the stock traded hands. The stock’s market cap is $51.06 billion. The company has a 50-day moving average price of $307.34 and a 200 day moving average price of $248.67. Tesla Inc has a one year low of $178.19 and a one year high of $327.66.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, May 3rd. The electric vehicle producer reported ($1.97) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.67) by $1.30. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.56 billion. Tesla had a negative net margin of 14.74% and a negative return on equity of 29.17%. Analysts expect that Tesla Inc will post ($5.55) earnings per share for the current year.
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Several analysts have recently commented on the stock. Argus restated a “hold” rating on shares of Tesla in a research note on Thursday, May 11th. Morgan Stanley cut shares of Tesla from an “overweight” rating to an “equal weight” rating and set a $305.00 target price for the company. in a research note on Monday. Goldman Sachs Group Inc set a $190.00 target price on shares of Tesla and gave the stock a “sell” rating in a research note on Monday. Vetr cut shares of Tesla from a “sell” rating to a “strong sell” rating and set a $277.96 target price for the company. in a research note on Tuesday, May 9th. Finally, Guggenheim raised their target price on shares of Tesla from $320.00 to $380.00 and gave the stock a “buy” rating in a research note on Monday. Eight analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $274.06.
In related news, CEO Elon Musk acquired 95,420 shares of the business’s stock in a transaction on Friday, March 17th. The stock was bought at an average cost of $262.00 per share, with a total value of $25,000,040.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 20,000 shares of Tesla stock in a transaction on Monday, May 8th. The shares were sold at an average price of $311.76, for a total value of $6,235,200.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at $6,235,200. The disclosure for this sale can be found here. Over the last three months, insiders have sold 242,791 shares of company stock valued at $74,745,344. Company insiders own 27.70% of the company’s stock.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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