Tesla, Inc. $TSLA Shares Bought by Vinva Investment Management Ltd

by · The Cerbat Gem

Vinva Investment Management Ltd increased its position in Tesla, Inc. (NASDAQ:TSLA – Free Report) by 25.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 163,120 shares of the electric vehicle producer’s stock after buying an additional 33,498 shares during the period. Tesla accounts for 1.4% of Vinva Investment Management Ltd’s portfolio, making the stock its 8th largest holding. Vinva Investment Management Ltd’s holdings in Tesla were worth $52,726,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Siren L.L.C. bought a new stake in Tesla in the first quarter valued at about $2,332,000. Zuckerman Investment Group LLC lifted its stake in Tesla by 6.9% in the first quarter. Zuckerman Investment Group LLC now owns 12,748 shares of the electric vehicle producer’s stock valued at $3,304,000 after buying an additional 826 shares in the last quarter. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Tesla by 5.6% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 427,150 shares of the electric vehicle producer’s stock valued at $135,688,000 after buying an additional 22,607 shares during the period. Keystone Global Partners LLC bought a new stake in shares of Tesla during the first quarter worth $594,000. Finally, Strs Ohio acquired a new position in Tesla in the 1st quarter worth $205,495,000. 66.20% of the stock is currently owned by institutional investors.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 2,606 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $352.38, for a total transaction of $918,302.28. Following the transaction, the chief financial officer owned 9,856 shares in the company, valued at $3,473,057.28. This trade represents a 20.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director directly owned 637,031 shares of the company’s stock, valued at approximately $269,260,263.08. The trade was a 8.61% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 82,606 shares of company stock worth $33,554,102. Insiders own 19.90% of the company’s stock.

Tesla Price Performance

NASDAQ:TSLA opened at $426.58 on Thursday. Tesla, Inc. has a 12-month low of $214.25 and a 12-month high of $488.54. The firm has a market capitalization of $1.42 trillion, a price-to-earnings ratio of 284.39, a P/E/G ratio of 16.84 and a beta of 2.06. The stock’s 50 day moving average price is $433.68 and its two-hundred day moving average price is $367.76. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA – Get Free Report) last posted its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business had revenue of $28.10 billion for the quarter, compared to analysts’ expectations of $24.98 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. On average, analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on TSLA. Mizuho set a $475.00 price target on Tesla and gave the company an “outperform” rating in a research note on Tuesday. New Street Research raised their target price on shares of Tesla from $465.00 to $520.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Evercore ISI boosted their price target on shares of Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. HSBC restated a “reduce” rating on shares of Tesla in a report on Monday, November 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Tesla in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, twelve have given a Hold rating and ten have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $394.03.

Read Our Latest Report on Tesla

Tesla Company Profile

(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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