Apriem Advisors lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 30,693 shares of the electric vehicle producer’s stock after acquiring an additional 82 shares during the period. Tesla accounts for approximately 3.9% of Apriem Advisors’ holdings, making the stock its 5th biggest holding. Apriem Advisors’ holdings in Tesla were worth $21,659,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the stock. Jennison Associates LLC lifted its holdings in shares of Tesla by 384.5% in the 3rd quarter. Jennison Associates LLC now owns 18,743,418 shares of the electric vehicle producer’s stock valued at $8,041,114,000 after acquiring an additional 14,874,676 shares during the last quarter. Nuveen Asset Management LLC raised its position in Tesla by 267.9% in the 3rd quarter. Nuveen Asset Management LLC now owns 5,278,127 shares of the electric vehicle producer’s stock worth $2,264,369,000 after purchasing an additional 3,843,488 shares during the period. ARK Investment Management LLC raised its position in Tesla by 381.6% in the 3rd quarter. ARK Investment Management LLC now owns 3,430,778 shares of the electric vehicle producer’s stock worth $1,471,838,000 after purchasing an additional 2,718,430 shares during the period. UBS Asset Management Americas Inc. raised its position in Tesla by 437.8% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 2,973,414 shares of the electric vehicle producer’s stock worth $1,275,624,000 after purchasing an additional 2,420,573 shares during the period. Finally, Swiss National Bank raised its position in Tesla by 395.0% in the 3rd quarter. Swiss National Bank now owns 2,887,865 shares of the electric vehicle producer’s stock worth $1,238,923,000 after purchasing an additional 2,304,512 shares during the period. 41.39% of the stock is owned by hedge funds and other institutional investors.
Get Tesla alerts: A number of analysts recently weighed in on the stock. Barclays increased their price objective on shares of Tesla from $125.00 to $230.00 in a research report on Thursday, December 17th. Sanford C. Bernstein set a $180.00 price objective on shares of Tesla and gave the stock a “sell” rating in a research report on Thursday, October 22nd. Canaccord Genuity increased their price objective on shares of Tesla from $377.00 to $419.00 and gave the stock a “hold” rating in a research report on Thursday, October 22nd. Robert W. Baird raised shares of Tesla from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $450.00 to $488.00 in a research report on Thursday, October 22nd. Finally, BNP Paribas lowered shares of Tesla from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $385.00 to $340.00 in a research report on Tuesday, January 5th. Thirteen investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $331.61.
In other Tesla news, Director Robyn M. Denholm sold 43,610 shares of the firm’s stock in a transaction that occurred on Monday, November 16th. The shares were sold at an average price of $408.01, for a total value of $17,793,316.10. Following the completion of the sale, the director now directly owns 48,610 shares in the company, valued at $19,833,366.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink . Also, CAO Vaibhav Taneja sold 4,463 shares of the firm’s stock in a transaction that occurred on Wednesday, January 6th. The shares were sold at an average price of $762.99, for a total transaction of $3,405,224.37. Following the completion of the sale, the chief accounting officer now owns 16,728 shares of the company’s stock, valued at $12,763,296.72. The disclosure for this sale can be found here . Over the last 90 days, insiders sold 160,933 shares of company stock valued at $99,955,073. 23.00% of the stock is owned by insiders.
TSLA stock traded down $17.56 during trading on Friday, hitting $794.10. 441,487 shares of the company’s stock traded hands, compared to its average volume of 32,198,771. The firm has a market capitalization of $762.22 billion, a P/E ratio of 1,629.84, a PEG ratio of 8.81 and a beta of 2.18. The business has a fifty day simple moving average of $801.25 and a two-hundred day simple moving average of $533.88. The company has a quick ratio of 1.32, a current ratio of 1.63 and a debt-to-equity ratio of 0.63. Tesla, Inc. has a 1 year low of $70.10 and a 1 year high of $900.40.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, January 27th. The electric vehicle producer reported $0.80 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.17. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.38 billion. Tesla had a net margin of 1.97% and a return on equity of 4.93%. Tesla’s revenue was up 44.9% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. On average, equities research analysts predict that Tesla, Inc. will post 1.02 EPS for the current fiscal year.
About Tesla
Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive; and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.
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