Metropolitan Life Insurance Co NY boosted its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 2.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,369 shares of the electric vehicle producer’s stock after purchasing an additional 202 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Tesla were worth $2,498,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of TSLA. IHT Wealth Management LLC increased its stake in shares of Tesla by 27.9% in the third quarter. IHT Wealth Management LLC now owns 1,308 shares of the electric vehicle producer’s stock valued at $315,000 after buying an additional 285 shares in the last quarter. National Pension Service lifted its position in Tesla by 5.0% during the 3rd quarter. National Pension Service now owns 156,912 shares of the electric vehicle producer’s stock worth $37,795,000 after buying an additional 7,459 shares in the last quarter. Public Employees Retirement System of Ohio grew its holdings in Tesla by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 83,805 shares of the electric vehicle producer’s stock worth $20,186,000 after acquiring an additional 542 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Tesla by 577.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 257,368 shares of the electric vehicle producer’s stock worth $61,992,000 after acquiring an additional 311,303 shares during the last quarter. Finally, Penserra Capital Management LLC grew its holdings in Tesla by 24.7% during the 3rd quarter. Penserra Capital Management LLC now owns 2,562 shares of the electric vehicle producer’s stock worth $615,000 after acquiring an additional 508 shares during the last quarter. Hedge funds and other institutional investors own 52.61% of the company’s stock.
A number of brokerages have weighed in on TSLA. TheStreet raised shares of Tesla from a “d+” rating to a “c-” rating in a research note on Tuesday, October 29th. Nord/LB set a $195.00 price target on shares of Tesla and gave the company a “sell” rating in a research note on Monday, October 7th. China Renaissance Securities cut shares of Tesla from a “buy” rating to a “hold” rating and set a $346.00 price target on the stock. in a research note on Tuesday, November 26th. Credit Suisse Group raised their price target on shares of Tesla from $189.00 to $200.00 and gave the company an “underperform” rating in a report on Thursday, October 24th. Finally, Bank of America boosted their price objective on shares of Tesla from $225.00 to $235.00 and gave the stock an “underperform” rating in a research report on Thursday, October 24th. Eighteen research analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $263.13.
TSLA stock opened at $334.87 on Tuesday. Tesla Inc has a twelve month low of $176.99 and a twelve month high of $379.49. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.64. The company has a market cap of $60.48 billion, a P/E ratio of -58.54 and a beta of 0.59. The business’s fifty day moving average is $315.74 and its 200-day moving average is $248.87.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $2.28. The business had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.48 billion. Tesla had a negative return on equity of 13.42% and a negative net margin of 3.39%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.90 earnings per share. Research analysts anticipate that Tesla Inc will post -4.85 earnings per share for the current fiscal year.
Tesla, Inc designs, develops, manufactures, 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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