Oppenheimer Asset Management Inc. Has $2.97 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Oppenheimer Asset Management Inc. decreased its holdings in Tesla, Inc. (NASDAQ:TSLA) by 61.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,904 shares of the electric vehicle producer’s stock after selling 26,856 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Tesla were worth $2,972,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Norges Bank acquired a new position in Tesla in the fourth quarter worth approximately $7,844,757,000. International Assets Investment Management LLC increased its holdings in Tesla by 25,990.7% in the fourth quarter. International Assets Investment Management LLC now owns 6,202,806 shares of the electric vehicle producer’s stock worth $1,541,273,000 after buying an additional 6,179,032 shares during the last quarter. Vanguard Group Inc. increased its holdings in Tesla by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 229,806,372 shares of the electric vehicle producer’s stock worth $57,102,287,000 after buying an additional 3,866,361 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Tesla by 2,101.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,469,190 shares of the electric vehicle producer’s stock valued at $365,064,000 after purchasing an additional 1,402,443 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Tesla by 12.9% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,849,425 shares of the electric vehicle producer’s stock valued at $1,731,430,000 after purchasing an additional 1,125,329 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling

In other news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Xiaotong Zhu sold 650 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the completion of the transaction, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at $2,772,900. The disclosure for this sale can be found here. 25.10% of the stock is owned by company insiders.

Tesla Stock Up 3.0 %

NASDAQ TSLA traded up $7.20 during trading hours on Friday, reaching $248.23. 155,955,773 shares of the company’s stock were exchanged, compared to its average volume of 104,964,088. The company’s 50-day moving average is $192.75 and its two-hundred day moving average is $191.73. Tesla, Inc. has a one year low of $138.80 and a one year high of $299.29. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The company has a market capitalization of $791.66 billion, a price-to-earnings ratio of 63.32, a price-to-earnings-growth ratio of 6.02 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last posted its earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The business had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. On average, analysts forecast that Tesla, Inc. will post 1.85 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. TD Cowen increased their price target on Tesla from $160.00 to $180.00 and gave the company a “hold” rating in a report on Wednesday, July 3rd. Stifel Nicolaus assumed coverage on Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 price target on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $230.00 price target on shares of Tesla in a report on Monday, July 1st. Mizuho increased their price target on Tesla from $180.00 to $230.00 and gave the company a “neutral” rating in a report on Friday. Finally, HSBC increased their price target on Tesla from $120.00 to $130.00 in a report on Wednesday. Eight research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Tesla has an average rating of “Hold” and an average price target of $201.58.

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.