Oregon Public Employees Retirement Fund Has $54.16 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Oregon Public Employees Retirement Fund boosted its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 210.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 204,191 shares of the electric vehicle producer’s stock after acquiring an additional 138,350 shares during the period. Tesla makes up about 0.8% of Oregon Public Employees Retirement Fund’s portfolio, making the stock its 23rd largest position. Oregon Public Employees Retirement Fund’s holdings in Tesla were worth $54,162,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Matthew 25 Management Corp lifted its position in Tesla by 825.0% during the third quarter. Matthew 25 Management Corp now owns 37,000 shares of the electric vehicle producer’s stock worth $9,814,000 after acquiring an additional 33,000 shares during the last quarter. Waterfront Wealth Inc. lifted its position in Tesla by 209.3% during the third quarter. Waterfront Wealth Inc. now owns 3,773 shares of the electric vehicle producer’s stock worth $852,000 after acquiring an additional 2,553 shares during the last quarter. Hudock Inc. lifted its position in Tesla by 200.0% during the third quarter. Hudock Inc. now owns 1,113 shares of the electric vehicle producer’s stock worth $295,000 after acquiring an additional 742 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co lifted its position in Tesla by 196.8% during the third quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 13,710 shares of the electric vehicle producer’s stock worth $3,637,000 after acquiring an additional 9,090 shares during the last quarter. Finally, Oxford Financial Group Ltd. lifted its position in Tesla by 177.1% during the third quarter. Oxford Financial Group Ltd. now owns 1,890 shares of the electric vehicle producer’s stock worth $501,000 after acquiring an additional 1,208 shares during the last quarter. 43.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Tesla

In related 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 value of $2,414,475.00. Following the transaction, the senior vice president now owns 62,988 shares in the company, valued at $14,484,090.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CEO Elon Musk sold 9,650,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the transaction, the chief executive officer now owns 455,467,432 shares in the company, valued at $95,001,396,966.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 owns 62,988 shares in the company, valued at approximately $14,484,090.60. The disclosure for this sale can be found here. Insiders have sold a total of 24,172,833 shares of company stock worth $4,492,567,309 over the last quarter. Company insiders own 25.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on TSLA shares. Mizuho cut their price objective on shares of Tesla from $285.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, January 5th. Royal Bank of Canada cut their price objective on shares of Tesla from $225.00 to $186.00 in a research report on Tuesday, January 3rd. Jefferies Financial Group dropped their price target on shares of Tesla from $350.00 to $180.00 and set a “buy” rating for the company in a research report on Tuesday, January 17th. Robert W. Baird dropped their price target on shares of Tesla from $316.00 to $252.00 and set an “outperform” rating for the company in a research report on Wednesday, December 28th. Finally, Cowen dropped their price target on shares of Tesla from $244.00 to $205.00 and set a “market perform” rating for the company in a research report on Thursday, October 20th. Six analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $218.29.

Tesla Price Performance

TSLA stock opened at $133.42 on Monday. The firm has a market cap of $421.31 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 1.10 and a beta of 2.02. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $384.29. The company’s fifty day simple moving average is $150.72 and its 200 day simple moving average is $221.87.

About Tesla

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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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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