Fmr Llc Now Holds $3.22 billion Worth Of Tesla, Inc. (TSLA)

Tesla, Inc. (NASDAQ:TSLA) went up to recover about 44.52% since recording its record low price of $244.59. The stock experienced -0.24% slump, arriving at $353.47 on 11/19/2018. During the day, the stock price traveled from $352.88 to $366.75. This company shares are -7.17% up from its target price of $328.14 and the current market capitalization stands at $60.7B. The recent change has given its price a 17.09% lead over SMA 50 and -8.77% deficit over its 52-week high. The stock witnessed 35.95% gains, 9.81% gains and 28.53% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TSLA’s volatility during a week at 3.31% and during a month it has been found around 4.83%.

Tesla, Inc. (TSLA) Top Holders

Institutional investors currently hold around $36.55 billion or 62.9% in TSLA stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $6.16 billion in Tesla, Inc., which represents roughly 10.14% of the company’s market cap and approximately 16.85% of the institutional ownership. Similar statistics are true for the second largest owner, Baillie Gifford & Co, which owns 13,125,451 shares of the stock are valued at $4.65 billion. The third largest holder is Fmr Llc, which currently holds $3.22 billion worth of this stock and that ownership represents nearly 5.31% of its market capitalization.

Tesla, Inc. 13F Filings

At the end of September reporting period, 322 institutional holders increased their position in Tesla, Inc. (NASDAQ:TSLA) by some 12,416,263 shares, 406 decreased positions by 16,122,522 and 126 held positions by 74,626,216. That puts total institutional holdings at 103,165,001 shares, according to SEC filings. The stock grabbed 87 new institutional investments totaling 858,619 shares while 128 institutional investors sold out their entire positions totaling 871,268 shares.

Tesla, Inc. (NASDAQ:TSLA) Insider Trades

Multiple company employees have indulged in significant insider trading. Tesla, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that CFO Ahuja Deepak has sold 3,500 shares of Tesla, Inc. (TSLA) in trading session dated Nov. 15, 2018. These shares are worth $1,202,110 and were traded at $343.46 each. The SEC filing shows that Rice Linda Johnson performed a sale of 3,000 shares. The Director disposed these shares by way of transaction on Nov. 14, 2018. The company’s shares were given away at $340.68 per share worth to an income of some $1,022,040 on account of Rice Linda Johnson.

Chief Technical Officer, Straubel Jeffrey B, sold 15,000 common shares of Tesla, Inc. (TSLA) in the open market. In a transaction dated Nov. 07, 2018, the shares were put up for sale at an average price of $348.44, raking in a sum of $5,226,600. After this sale, 306,398 common shares of TSLA are directly owned by the insider, with total stake valued at $108,302,501.

In the transaction dated Nov. 01, 2018, the great number of shares disposed came courtesy the President, Automotive; Guillen Jerome M disposed a total of 1,000 shares at an average price of $338.26, amounting to approximately $338,260. The insider now directly owns 7,598 shares worth $2,685,665.

Tesla, Inc. (TSLA) Analyst Guide

Several analysts have released their opinion on Tesla, Inc. (NASDAQ:TSLA), with 6 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 3 buy, 6 sell and 4 strong sell ratings, collectively assigning a 2.97 average brokerage recommendation.

Let's block ads! (Why?)