Natixis Advisors LLC Grows Stock Holdings in Tesla, Inc. $TSLA

Natixis Advisors LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,786,543 shares of the electric vehicle producer’s stock after acquiring an additional 81,332 shares during the period. Tesla comprises approximately 1.2% of Natixis Advisors LLC’s holdings, making the stock its 11th biggest holding. Natixis Advisors LLC owned about 0.05% of Tesla worth $794,511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TSLA. Manning & Napier Advisors LLC acquired a new stake in Tesla in the 3rd quarter valued at $29,000. Westend Capital Management LLC acquired a new position in shares of Tesla during the third quarter worth about $32,000. Chapman Financial Group LLC purchased a new stake in shares of Tesla in the second quarter worth about $26,000. CoreFirst Bank & Trust acquired a new stake in shares of Tesla in the second quarter valued at about $30,000. Finally, ESL Trust Services LLC grew its stake in shares of Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock valued at $32,000 after buying an additional 95 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Price Performance

TSLA stock opened at $396.73 on Friday. The stock’s 50 day moving average is $425.17 and its two-hundred day moving average is $423.32. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $498.83. The company has a market capitalization of $1.49 trillion, a PE ratio of 367.34, a P/E/G ratio of 11.73 and a beta of 1.89. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating 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 company had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. The business’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. Analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Insider Activity at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares in the company, valued at $257,009,607.40. This represents a 9.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction on Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the transaction, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at approximately $6,107,145.01. This represents a 16.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 145,188 shares of company stock valued at $64,193,919. 19.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on TSLA. New Street Research boosted their price target on Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. JPMorgan Chase & Co. dropped their price objective on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating on the stock in a research note on Friday, January 30th. Cantor Fitzgerald reissued an “overweight” rating and set a $510.00 target price on shares of Tesla in a research report on Thursday, January 29th. The Goldman Sachs Group restated a “neutral” rating and issued a $405.00 target price on shares of Tesla in a research note on Thursday, January 29th. Finally, TD Cowen raised their price target on shares of Tesla from $509.00 to $519.00 and gave the company a “buy” rating in a report on Thursday, January 29th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and nine have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $406.84.

View Our Latest Research Report on Tesla

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.

Further Reading

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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