273,441 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by Capital International Investors

Capital International Investors purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 273,441 shares of the electric vehicle producer’s stock, valued at approximately $48,068,000.

Other hedge funds have also bought and sold shares of the company. Apexium Financial LP increased its position in Tesla by 736.8% in the fourth quarter. Apexium Financial LP now owns 24,954 shares of the electric vehicle producer’s stock worth $6,201,000 after buying an additional 21,972 shares during the last quarter. Mount Vernon Associates Inc. MD increased its position in Tesla by 5.3% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 6,940 shares of the electric vehicle producer’s stock worth $1,724,000 after buying an additional 350 shares during the last quarter. Forum Financial Management LP increased its position in Tesla by 19.7% in the fourth quarter. Forum Financial Management LP now owns 21,772 shares of the electric vehicle producer’s stock worth $5,410,000 after buying an additional 3,582 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in Tesla by 16.6% in the fourth quarter. J.W. Cole Advisors Inc. now owns 46,414 shares of the electric vehicle producer’s stock worth $11,533,000 after buying an additional 6,615 shares during the last quarter. Finally, Catalyst Financial Partners LLC increased its position in Tesla by 9.4% in the fourth quarter. Catalyst Financial Partners LLC now owns 6,978 shares of the electric vehicle producer’s stock worth $1,734,000 after buying an additional 598 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Down 0.2 %

TSLA traded down $0.45 during midday trading on Friday, reaching $219.80. 94,604,145 shares of the company’s stock traded hands, compared to its average volume of 132,509,544. The firm has a fifty day moving average of $205.68 and a two-hundred day moving average of $191.23. The stock has a market capitalization of $702.18 billion, a price-to-earnings ratio of 56.07, a P/E/G ratio of 5.50 and a beta of 2.31. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.17. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $278.98.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The business had revenue of $25.50 billion for the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.78 EPS. On average, equities analysts anticipate that Tesla, Inc. will post 1.85 earnings per share for the current fiscal year.

Analyst Ratings Changes

TSLA has been the subject of several recent research reports. Wells Fargo & Company reiterated an “underweight” rating and issued a $120.00 price target on shares of Tesla in a research report on Monday, July 1st. China Renaissance upgraded Tesla from a “hold” rating to a “buy” rating and set a $290.00 price target for the company in a research report on Friday, July 5th. UBS Group cut Tesla from a “neutral” rating to a “sell” rating and lifted their price target for the company from $147.00 to $197.00 in a research report on Friday, July 12th. New Street Research cut Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price target for the company. in a research report on Wednesday. Finally, KGI Securities reiterated a “neutral” rating and issued a $236.00 price target on shares of Tesla in a research report on Thursday. Nine analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $204.30.

Insiders Place Their Bets

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

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.