Tesla, Inc. (NASDAQ:TSLA) Shares Bought by MAS Advisors LLC

MAS Advisors LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 110.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 771 shares of the electric vehicle producer’s stock after acquiring an additional 404 shares during the period. MAS Advisors LLC’s holdings in Tesla were worth $205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Baillie Gifford & Co. lifted its position in shares of Tesla by 196.4% in the third quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock valued at $7,394,330,000 after acquiring an additional 18,472,529 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Tesla by 10.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock valued at $9,584,845,000 after purchasing an additional 1,317,687 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Tesla by 189.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock valued at $2,484,549,000 after purchasing an additional 6,125,732 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Tesla by 2.5% in the first quarter. Northern Trust Corp now owns 8,774,479 shares of the electric vehicle producer’s stock valued at $9,455,380,000 after purchasing an additional 216,282 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Tesla by 6.0% in the second quarter. Legal & General Group Plc now owns 5,418,585 shares of the electric vehicle producer’s stock valued at $3,648,999,000 after purchasing an additional 308,731 shares during the last quarter. 43.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on TSLA. Evercore ISI cut their price target on Tesla from $300.00 to $200.00 and set an “in-line” rating for the company in a report on Tuesday, December 20th. Global Equities Research reissued a “buy” rating on shares of Tesla in a research note on Tuesday, November 8th. Piper Sandler cut their target price on Tesla from $340.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. cut their target price on Tesla from $150.00 to $125.00 and set an “underweight” rating for the company in a research note on Tuesday, January 3rd. Finally, Royal Bank of Canada cut their target price on Tesla from $225.00 to $186.00 in a research note on Tuesday, January 3rd. Six equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $218.29.

Tesla Stock Up 4.9 %

Tesla stock opened at $133.42 on Friday. The firm has a market cap of $421.31 billion, a price-to-earnings ratio of 41.22, a P/E/G ratio of 1.06 and a beta of 2.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $384.29. The firm has a fifty day moving average price of $150.72 and a two-hundred day moving average price of $221.94.

Tesla (NASDAQ:TSLAGet Rating) last released its earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The firm had revenue of $21.45 billion during the quarter, compared to analyst estimates of $21.96 billion. Tesla had a net margin of 14.95% and a return on equity of 31.10%. The business’s revenue was up 55.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 EPS. As a group, analysts forecast that Tesla, Inc. will post 3.57 earnings per share for the current year.

Insiders Place Their Bets

In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the completion of the transaction, the senior vice president now owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, SVP Andrew D. Baglino sold 1,312 shares of the company’s stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total transaction of $233,627.84. Following the completion of the transaction, the senior vice president now owns 64,259 shares of the company’s stock, valued at $11,442,600.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the transaction, the senior vice president now directly owns 62,988 shares of the company’s stock, valued at approximately $14,484,090.60. The disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock valued at $4,492,567,309 in the last quarter. Insiders own 25.10% of the company’s stock.

Tesla Company Profile

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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