Chevy Chase Trust Holdings Inc. Has $541000 Position in Tesla Inc (TSLA)

Chevy Chase Trust Holdings Inc. increased its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 27.3% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 1,584 shares of the electric vehicle producer’s stock after purchasing an additional 340 shares during the period. Chevy Chase Trust Holdings Inc.’s holdings in Tesla were worth $541,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Tesla by 4.9% during the second quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after acquiring an additional 292,602 shares during the period. Whale Rock Capital Management LLC acquired a new stake in shares of Tesla in the second quarter valued at approximately $66,601,000. Jasper Ridge Partners L.P. raised its position in shares of Tesla by 7,001.5% in the second quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock valued at $58,319,000 after buying an additional 159,005 shares in the last quarter. Quantitative Investment Management LLC acquired a new stake in shares of Tesla in the second quarter valued at approximately $52,108,000. Finally, Janus Henderson Group PLC raised its position in shares of Tesla by 131.8% in the second quarter. Janus Henderson Group PLC now owns 241,476 shares of the electric vehicle producer’s stock valued at $87,329,000 after buying an additional 137,318 shares in the last quarter. Institutional investors and hedge funds own 57.12% of the company’s stock.

Several research analysts have commented on TSLA shares. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 price objective for the company in a research report on Friday, October 13th. Morgan Stanley reiterated a “hold” rating and set a $317.00 price target on shares of Tesla in a report on Thursday, September 7th. Sanford C. Bernstein reiterated a “market perform” rating and set a $265.00 price target on shares of Tesla in a report on Tuesday, October 3rd. Global Equities Research reiterated a “buy” rating and set a $485.00 price target on shares of Tesla in a report on Wednesday, November 29th. Finally, Jefferies Group cut shares of Tesla from an “in-line” rating to an “underperform” rating and reduced their price objective for the stock from $312.00 to $240.00 in a research note on Friday, October 27th. Twelve investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $329.45.

In other news, VP John Douglas Field sold 1,400 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $340.67, for a total transaction of $476,938.00. Following the completion of the transaction, the vice president now directly owns 21,528 shares of the company’s stock, valued at approximately $7,333,943.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total transaction of $723,335.10. Following the transaction, the director now directly owns 154,419 shares of the company’s stock, valued at $51,003,051.51. The disclosure for this sale can be found here. Insiders have sold a total of 10,627 shares of company stock valued at $3,423,398 over the last three months. Insiders own 23.10% of the company’s stock.

Shares of Tesla Inc (NASDAQ:TSLA) opened at $311.35 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. The company has a market cap of $53,000.00, a PE ratio of -36.37 and a beta of 0.95. Tesla Inc has a one year low of $210.96 and a one year high of $389.61.

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

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Tesla Company Profile

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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