Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Buys New Shares in Tesla, Inc. (NASDAQ:TSLA)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLA) in the third quarter, Holdings Channel.com reports. The firm purchased 4,600 shares of the electric vehicle producer’s stock, valued at approximately $1,203,000. Tesla makes up about 3.2% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.’s investment portfolio, making the stock its 11th largest position.

A number of other institutional investors also recently bought and sold shares of the business. Bank & Trust Co acquired a new stake in shares of Tesla during the second quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new position in Tesla in the 2nd quarter valued at about $26,000. Abich Financial Wealth Management LLC increased its position in Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer’s stock valued at $26,000 after acquiring an additional 81 shares during the period. Transcendent Capital Group LLC acquired a new position in Tesla during the 3rd quarter worth approximately $29,000. Finally, Clean Yield Group increased its position in Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer’s stock worth $33,000 after purchasing an additional 48 shares during the period. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Stock Down 1.1 %

Shares of NASDAQ TSLA opened at $342.03 on Thursday. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $358.64. The company has a market cap of $1.10 trillion, a P/E ratio of 93.71, a P/E/G ratio of 11.24 and a beta of 2.29. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $259.42 and a 200 day moving average price of $224.12.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. Research analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. This represents a 0.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 60,500 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the transaction, the director now directly owns 1,563,220 shares of the company’s stock, valued at approximately $391,164,540.60. The trade was a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 301,187 shares of company stock valued at $92,956,692 in the last ninety days. Insiders own 20.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on TSLA shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $295.00 price target on shares of Tesla in a research note on Tuesday, September 10th. KGI Securities raised Tesla from a “neutral” rating to an “outperform” rating and set a $276.00 price target on the stock in a research note on Thursday, October 24th. HSBC reissued a “reduce” rating and set a $124.00 price target on shares of Tesla in a research note on Friday, October 11th. Morgan Stanley reissued an “overweight” rating and set a $310.00 price target on shares of Tesla in a research note on Thursday, October 3rd. Finally, Robert W. Baird reissued an “outperform” rating and set a $280.00 price target on shares of Tesla in a research note on Tuesday, August 20th. Nine equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $230.18.

About Tesla

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.