More Institutions Are Coming for Tesla, Inc. (TSLA) - Post Analyst

Tesla, Inc. (NASDAQ:TSLA) recovered 12.61% of its value since hitting low of $244.59. The recent move of -5.01% drop pushed the stock to close at $275.43 when trading ended on 3/15/2019. At a recent session, the prices were hovering between $274.4 and $283.7244. This company shares are 20.29% off its target price of $331.32 and the current market capitalization stands at $46.31B. The recent change has given its price a -10.47% deficit over SMA 50 and -28.91% deficit over its 52-week high. The stock witnessed -10.62% declines, -24.87% declines and -5.2% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found TSLA’s volatility during a week at 3.1% and during a month it has been found around 3.33%.

Tesla, Inc. (TSLA) Top Holders

Institutional investors currently hold around $28.39 billion or 62.7% in TSLA stock. Look at its top three institutional owners: Baillie Gifford & Co owns $3.65 billion in Tesla, Inc., which represents roughly 7.87% of the company’s market cap and approximately 12.84% of the institutional ownership. Similar statistics are true for the second largest owner, Fmr Llc, which owns 8,977,568 shares of the stock are valued at $2.47 billion. The third largest holder is Price T Rowe Associates Inc /Md/, which currently holds $2.46 billion worth of this stock and that ownership represents nearly 5.32% of its market capitalization.

Tesla, Inc. 13F Filings

At the end of December reporting period, 446 institutional holders increased their position in Tesla, Inc. (NASDAQ:TSLA) by some 17,524,999 shares, 305 decreased positions by 17,556,964 and 146 held positions by 67,991,499. That puts total institutional holdings at 103,073,462 shares, according to SEC filings. The stock grabbed 183 new institutional investments totaling 10,425,964 shares while 74 institutional investors sold out their entire positions totaling 2,032,920 shares.

Tesla, Inc. (TSLA) Analyst Guide

Several analysts have released their opinion on Tesla, Inc. (NASDAQ:TSLA), with 8 analysts believing it is a strong buy. Whereas 7 of them predict the stock is a hold. Also, there are 3 buy, 7 sell and 4 strong sell ratings, collectively assigning a 2.86 average brokerage recommendation [T1].

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