Tesla, Inc. (NASDAQ:TSLA) is Metis Global Partners LLC’s 10th Largest Position

Metis Global Partners LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 3.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 171,796 shares of the electric vehicle producer’s stock after acquiring an additional 5,272 shares during the period. Tesla comprises 1.4% of Metis Global Partners LLC’s holdings, making the stock its 10th biggest position. Metis Global Partners LLC’s holdings in Tesla were worth $44,947,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TSLA. Planning Capital Management Corp grew its stake in shares of Tesla by 95.6% during the 3rd quarter. Planning Capital Management Corp now owns 798 shares of the electric vehicle producer’s stock worth $209,000 after purchasing an additional 390 shares during the period. Wealthstream Advisors Inc. boosted its holdings in Tesla by 6.3% during the third quarter. Wealthstream Advisors Inc. now owns 2,570 shares of the electric vehicle producer’s stock worth $672,000 after buying an additional 153 shares in the last quarter. Zions Bancorporation N.A. increased its holdings in Tesla by 24.6% in the third quarter. Zions Bancorporation N.A. now owns 8,682 shares of the electric vehicle producer’s stock valued at $2,271,000 after buying an additional 1,715 shares in the last quarter. KBC Group NV raised its position in shares of Tesla by 8.1% in the third quarter. KBC Group NV now owns 504,145 shares of the electric vehicle producer’s stock worth $131,900,000 after acquiring an additional 37,951 shares during the period. Finally, ROI Financial Advisors LLC grew its position in shares of Tesla by 4.9% during the 3rd quarter. ROI Financial Advisors LLC now owns 4,339 shares of the electric vehicle producer’s stock valued at $1,135,000 after acquiring an additional 202 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Trading Down 1.2 %

Shares of NASDAQ TSLA opened at $326.17 on Thursday. The stock has a fifty day simple moving average of $248.48 and a 200-day simple moving average of $218.94. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $358.64. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $1.05 trillion, a PE ratio of 90.48, a PEG ratio of 10.67 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, equities analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on TSLA. Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Tesla in a report on Thursday, October 3rd. Sanford C. Bernstein reaffirmed an “underperform” rating and set a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research note on Friday, October 11th. Royal Bank of Canada upped their price objective on shares of Tesla from $236.00 to $249.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Citigroup dropped their target price on shares of Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Eight research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $228.24.

Insiders Place Their Bets

In other Tesla news, Director Kathleen Wilson-Thompson sold 100,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $1,868,508. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at approximately $1,868,508. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $36,761,200. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,797 shares of company stock worth $57,616,781 in the last ninety days. 20.70% of the stock is owned by corporate insiders.

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.