Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,814 shares of the electric vehicle producer’s stock after purchasing an additional 762 shares during the period. Penserra Capital Management LLC’s holdings in Tesla were worth $5,182,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. grew its stake in Tesla by 0.9% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after acquiring an additional 331 shares during the period. 1832 Asset Management L.P. raised its position in shares of Tesla by 23.5% during the 1st quarter. 1832 Asset Management L.P. now owns 8,760 shares of the electric vehicle producer’s stock worth $1,540,000 after purchasing an additional 1,669 shares during the last quarter. Earnest Partners LLC boosted its holdings in Tesla by 26.0% in the 1st quarter. Earnest Partners LLC now owns 1,395 shares of the electric vehicle producer’s stock worth $245,000 after buying an additional 288 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in Tesla by 69.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 55,245 shares of the electric vehicle producer’s stock worth $9,712,000 after buying an additional 22,624 shares in the last quarter. Finally, Waverly Advisors LLC raised its holdings in shares of Tesla by 55.6% during the first quarter. Waverly Advisors LLC now owns 14,291 shares of the electric vehicle producer’s stock valued at $2,512,000 after acquiring an additional 5,107 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently commented on TSLA shares. KGI Securities upgraded Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target for the company in a research report on Thursday, October 24th. Wedbush reaffirmed an “outperform” rating and set a $400.00 target price on shares of Tesla in a report on Monday, November 18th. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research note on Thursday, October 24th. Glj Research reaffirmed a “sell” rating and set a $24.86 price objective on shares of Tesla in a research note on Thursday, October 17th. Finally, Oppenheimer reissued a “market perform” rating on shares of Tesla in a research note on Tuesday, October 8th. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $230.18.

Insiders Place Their Bets

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the transaction, the director now owns 85,000 shares in the company, valued at $26,727,400. This represents a 56.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, 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 sale, the director now owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 301,187 shares of company stock valued at $92,956,692 in the last ninety days. Insiders own 20.70% of the company’s stock.

Tesla Stock Performance

Shares of TSLA opened at $352.56 on Monday. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $361.53. The stock has a market capitalization of $1.13 trillion, a PE ratio of 96.59, a PEG ratio of 11.45 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The stock has a 50-day simple moving average of $264.07 and a 200-day simple moving average of $226.79.

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

Tesla Company 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.