Smartleaf Asset Management LLC Buys 7,519 Shares of Tesla, Inc. $TSLA

Smartleaf Asset Management LLC grew its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 32.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,754 shares of the electric vehicle producer’s stock after acquiring an additional 7,519 shares during the period. Tesla accounts for 0.8% of Smartleaf Asset Management LLC’s holdings, making the stock its 16th biggest holding. Smartleaf Asset Management LLC’s holdings in Tesla were worth $13,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TSLA. First National Bank of Hutchinson purchased a new stake in shares of Tesla in the third quarter valued at approximately $265,000. GR Financial Group LLC raised its position in Tesla by 15.7% during the 3rd quarter. GR Financial Group LLC now owns 1,472 shares of the electric vehicle producer’s stock valued at $654,000 after purchasing an additional 200 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. grew its position in shares of Tesla by 2.4% during the 3rd quarter. Arkfeld Wealth Strategies L.L.C. now owns 4,173 shares of the electric vehicle producer’s stock worth $1,794,000 after buying an additional 96 shares in the last quarter. a16z Perennial Management L.P. bought a new position in shares of Tesla during the 3rd quarter worth $1,725,000. Finally, Canada Post Corp Registered Pension Plan increased its stake in shares of Tesla by 20.7% during the third quarter. Canada Post Corp Registered Pension Plan now owns 56,055 shares of the electric vehicle producer’s stock valued at $24,844,000 after buying an additional 9,610 shares during the period. Institutional investors own 66.20% of the company’s stock.

Key Headlines Impacting Tesla

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

Shares of TSLA opened at $411.11 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.77 and a debt-to-equity ratio of 0.08. The firm has a market cap of $1.54 trillion, a PE ratio of 380.66, a P/E/G ratio of 13.77 and a beta of 1.86. Tesla, Inc. has a 12 month low of $214.25 and a 12 month high of $498.83. The stock has a fifty day moving average price of $446.45 and a 200-day moving average price of $411.15.

Tesla (NASDAQ:TSLAGet Free Report) last announced its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm had revenue of $24.90 billion for the quarter, compared to the consensus estimate of $24.75 billion. During the same period in the previous year, the business earned $0.73 EPS. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

TSLA has been the topic of several recent research reports. President Capital dropped their target price on shares of Tesla from $517.00 to $500.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Melius Research set a $520.00 price target on shares of Tesla and gave the stock a “buy” rating in a research report on Monday, October 13th. CICC Research lifted their price objective on shares of Tesla from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft lowered their target price on Tesla from $500.00 to $480.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, China Renaissance lifted their price target on Tesla from $380.00 to $382.00 and gave the company a “hold” rating in a report on Monday, February 2nd. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $403.92.

Read Our Latest Research Report on TSLA

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $443.93, for a total value of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the sale, the director owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. The trade was a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 119,457 shares of company stock valued at $53,501,145 in the last three months. 19.90% of the stock is owned by insiders.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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