Quilter Plc Has $27.45 Million Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Quilter Plc lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 189.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 103,485 shares of the electric vehicle producer’s stock after buying an additional 67,701 shares during the period. Quilter Plc’s holdings in Tesla were worth $27,450,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jennison Associates LLC grew its stake in Tesla by 200.2% in the 3rd quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer’s stock valued at $7,840,155,000 after buying an additional 19,711,687 shares during the last quarter. Baillie Gifford & Co. grew its stake in Tesla by 196.4% in the 3rd quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock valued at $7,394,330,000 after buying an additional 18,472,529 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Tesla by 189.0% in the 3rd 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 buying an additional 6,125,732 shares during the last quarter. SG Americas Securities LLC grew its stake in Tesla by 105.0% in the 3rd quarter. SG Americas Securities LLC now owns 105,194 shares of the electric vehicle producer’s stock valued at $27,903,000 after buying an additional 2,209,304 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in Tesla by 217.2% in the 3rd quarter. New York State Teachers Retirement System now owns 3,159,080 shares of the electric vehicle producer’s stock valued at $837,946,000 after buying an additional 2,163,098 shares during the last quarter. Institutional investors and hedge funds own 43.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TSLA. Bank of America reduced their price target on shares of Tesla from $135.00 to $130.00 and set a “neutral” rating for the company in a report on Tuesday, January 17th. Global Equities Research reissued a “buy” rating on shares of Tesla in a report on Tuesday, November 8th. Royal Bank of Canada reduced their price target on shares of Tesla from $225.00 to $186.00 in a report on Tuesday, January 3rd. Roth Capital increased their price target on shares of Tesla from $83.33 to $85.00 and gave the company a “neutral” rating in a report on Thursday, October 20th. Finally, Cowen reduced their price target on shares of Tesla from $244.00 to $205.00 and set a “market perform” rating for the company in a report on Thursday, October 20th. Six equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, Tesla presently has an average rating of “Hold” and an average target price of $218.29.

Tesla Trading Up 4.9 %

TSLA opened at $133.42 on Monday. Tesla, Inc. has a 1-year low of $101.81 and a 1-year high of $384.29. The firm has a 50-day moving average price of $150.72 and a two-hundred day moving average price of $221.87. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $421.31 billion, a PE ratio of 41.22, a PEG ratio of 1.10 and a beta of 2.02.

Insider Transactions at Tesla

In other news, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred 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 sale, the senior vice president now owns 62,988 shares in the company, valued at approximately $14,484,090.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Elon Musk sold 4,400,000 shares of Tesla stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $191.63, for a total transaction of $843,172,000.00. Following the completion of the sale, the chief executive officer now owns 445,617,432 shares in the company, valued at approximately $85,393,668,494.16. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the sale, the senior vice president now 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 worth $4,492,567,309 in the last quarter. 25.10% of the stock is owned by company insiders.

Tesla 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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