Garde Capital Inc. boosted its position in Tesla Inc. (NASDAQ:TSLA) by 8.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,877 shares of the electric vehicle producer’s stock after buying an additional 215 shares during the period. Garde Capital Inc.’s holdings in Tesla were worth $1,040,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in Tesla by 26.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 96,896 shares of the electric vehicle producer’s stock valued at $20,707,000 after buying an additional 20,082 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Tesla by 9.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 290,524 shares of the electric vehicle producer’s stock valued at $62,082,000 after buying an additional 25,012 shares in the last quarter. Teachers Advisors LLC boosted its position in Tesla by 9.8% in the fourth quarter. Teachers Advisors LLC now owns 153,551 shares of the electric vehicle producer’s stock valued at $32,812,000 after buying an additional 13,705 shares in the last quarter. Macquarie Group Ltd. boosted its position in Tesla by 22.1% in the fourth quarter. Macquarie Group Ltd. now owns 48,626 shares of the electric vehicle producer’s stock valued at $10,391,000 after buying an additional 8,800 shares in the last quarter. Finally, Rathbone Brothers plc boosted its position in Tesla by 4.6% in the first quarter. Rathbone Brothers plc now owns 12,192 shares of the electric vehicle producer’s stock valued at $3,393,000 after buying an additional 532 shares in the last quarter. 62.92% of the stock is currently owned by institutional investors.
Shares of Tesla Inc. (NASDAQ:TSLA) traded down 1.27% during trading on Friday, reaching $347.46. The company’s stock had a trading volume of 5,408,183 shares. The company’s 50-day moving average price is $339.22 and its 200 day moving average price is $310.81. Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $386.99. The stock’s market capitalization is $57.99 billion.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) EPS for the quarter, topping analysts’ consensus estimates of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The business had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business posted ($1.06) earnings per share. The firm’s quarterly revenue was up 119.6% on a year-over-year basis. Analysts anticipate that Tesla Inc. will post ($6.18) EPS for the current year.
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A number of analysts recently issued reports on TSLA shares. Zacks Investment Research raised Tesla from a “hold” rating to a “buy” rating and set a $345.00 target price for the company in a research report on Tuesday, April 25th. Vetr cut Tesla from a “strong-buy” rating to a “buy” rating and set a $385.74 price objective for the company. in a research report on Thursday, August 3rd. Deutsche Bank AG reaffirmed a “hold” rating and set a $240.00 price objective on shares of Tesla in a research report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $180.00 price objective (down from $190.00) on shares of Tesla in a research report on Wednesday, July 5th. Finally, Royal Bank Of Canada increased their target price on Tesla from $314.00 to $345.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 3rd. Eight research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $310.84.
In other Tesla news, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total value of $703,778.40. Following the sale, the director now directly owns 160,274 shares in the company, valued at approximately $51,505,652.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.10% of the stock is currently owned by insiders.
Tesla Company Profile
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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