Tesla Inc (TSLA) Shares Bought by Investec Asset Management LTD

Investec Asset Management LTD lifted its holdings in Tesla Inc (NASDAQ:TSLA) by 78.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,690 shares of the electric vehicle producer’s stock after buying an additional 1,617 shares during the quarter. Investec Asset Management LTD’s holdings in Tesla were worth $1,259,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of TSLA. Great West Life Assurance Co. Can increased its stake in Tesla by 2.7% in the second quarter. Great West Life Assurance Co. Can now owns 69,562 shares of the electric vehicle producer’s stock valued at $25,129,000 after purchasing an additional 1,802 shares during the last quarter. Smith Moore & CO. boosted its position in shares of Tesla by 56.3% in the third quarter. Smith Moore & CO. now owns 972 shares of the electric vehicle producer’s stock worth $332,000 after buying an additional 350 shares during the period. CIBC World Markets Inc. boosted its position in shares of Tesla by 74.2% in the second quarter. CIBC World Markets Inc. now owns 10,575 shares of the electric vehicle producer’s stock worth $3,824,000 after buying an additional 4,504 shares during the period. WINTON GROUP Ltd purchased a new position in Tesla in the second quarter valued at about $681,000. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in Tesla by 2.1% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,569 shares of the electric vehicle producer’s stock valued at $13,156,000 after purchasing an additional 784 shares during the last quarter. Hedge funds and other institutional investors own 57.20% of the company’s stock.

A number of research analysts have commented on TSLA shares. Robert W. Baird reaffirmed an “outperform” rating and set a $411.00 target price (up previously from $368.00) on shares of Tesla in a report on Monday, August 14th. Morgan Stanley increased their price target on Tesla from $305.00 to $317.00 and gave the stock an “equal weight” rating in a research report on Monday, August 14th. Vetr cut Tesla from a “hold” rating to a “sell” rating and set a $335.57 price target on the stock. in a research report on Tuesday, August 15th. Citigroup raised their target price on Tesla from $357.00 to $371.00 and gave the company a “neutral” rating in a research report on Thursday, August 17th. Finally, BidaskClub cut Tesla from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Twelve equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $331.56.

Shares of Tesla Inc (TSLA) opened at $315.13 on Monday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla Inc has a 1 year low of $190.81 and a 1 year high of $389.61.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The company’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.71 earnings per share. research analysts anticipate that Tesla Inc will post -11.38 earnings per share for the current year.

In other news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $341.69, for a total value of $748,301.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John Douglas Field sold 600 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total transaction of $180,960.00. Following the completion of the transaction, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The disclosure for this sale can be found here. Insiders sold a total of 11,417 shares of company stock worth $3,694,761 over the last three months. 23.10% of the stock is owned by company insiders.

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About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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