California State Teachers Retirement System Grows Stake in Tesla, Inc. (NASDAQ:TSLA)

California State Teachers Retirement System raised its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,569,598 shares of the electric vehicle producer’s stock after buying an additional 66,598 shares during the period. Tesla comprises approximately 1.6% of California State Teachers Retirement System’s investment portfolio, making the stock its 8th biggest holding. California State Teachers Retirement System owned approximately 0.14% of Tesla worth $1,135,454,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Winslow Capital Management LLC raised its stake in Tesla by 215.1% in the fourth quarter. Winslow Capital Management LLC now owns 1,307,727 shares of the electric vehicle producer’s stock valued at $324,944,000 after buying an additional 892,644 shares during the period. Paulson Wealth Management Inc. raised its stake in Tesla by 7.0% in the fourth quarter. Paulson Wealth Management Inc. now owns 869 shares of the electric vehicle producer’s stock valued at $216,000 after buying an additional 57 shares during the period. James J. Burns & Company LLC grew its position in shares of Tesla by 3.6% in the fourth quarter. James J. Burns & Company LLC now owns 4,879 shares of the electric vehicle producer’s stock valued at $1,212,000 after purchasing an additional 169 shares during the last quarter. Alberta Investment Management Corp grew its position in shares of Tesla by 0.9% in the fourth quarter. Alberta Investment Management Corp now owns 93,870 shares of the electric vehicle producer’s stock valued at $23,325,000 after purchasing an additional 800 shares during the last quarter. Finally, Partners Capital Investment Group LLP grew its position in shares of Tesla by 38.2% in the fourth quarter. Partners Capital Investment Group LLP now owns 6,985 shares of the electric vehicle producer’s stock valued at $1,736,000 after purchasing an additional 1,932 shares during the last quarter. Institutional investors own 66.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on TSLA shares. Canaccord Genuity Group decreased their target price on Tesla from $234.00 to $222.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Piper Sandler reaffirmed an “overweight” rating and issued a $205.00 target price on shares of Tesla in a research report on Monday, April 22nd. Deutsche Bank Aktiengesellschaft upped their target price on Tesla from $123.00 to $136.00 and gave the company a “hold” rating in a research report on Thursday, April 25th. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada reduced their price target on Tesla from $294.00 to $293.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Eight equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $185.90.

Get Our Latest Analysis on TSLA

Tesla Stock Up 0.5 %

Shares of TSLA opened at $178.94 on Monday. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $299.29. The stock has a market capitalization of $570.68 billion, a price-to-earnings ratio of 45.43, a PEG ratio of 4.37 and a beta of 2.32. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.17 and a current ratio of 1.72. The stock has a fifty day moving average of $172.18 and a 200-day moving average of $199.29.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The electric vehicle producer reported $0.35 EPS for the quarter, meeting analysts’ consensus estimates of $0.35. Tesla had a return on equity of 13.18% and a net margin of 14.37%. The company had revenue of $21.30 billion during the quarter, compared to analysts’ expectations of $22.15 billion. As a group, sell-side analysts anticipate that Tesla, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity

In related news, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total transaction of $121,674.57. Following the completion of the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at approximately $11,188,215.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the completion of the transaction, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $2,772,900. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 687 shares of the firm’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares of the company’s stock, valued at $11,188,215.81. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,597 shares of company stock worth $35,733,686. Insiders own 20.90% of the company’s stock.

About Tesla

(Free Report)

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.

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