Aigen Investment Management LP Invests $610,000 in Tesla, Inc. (NASDAQ:TSLA)

Aigen Investment Management LP bought a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,332 shares of the electric vehicle producer's stock, valued at approximately $610,000.

Several other hedge funds have also added to or reduced their stakes in TSLA. Transcendent Capital Group LLC acquired a new position in shares of Tesla during the 3rd quarter worth approximately $29,000. Bank & Trust Co bought a new position in shares of Tesla in the second quarter worth $25,000. Clean Yield Group grew its stake in Tesla by 60.0% during the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after buying an additional 48 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after buying an additional 81 shares in the last quarter. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of Tesla in the 2nd quarter valued at $26,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Stock Down 5.1 %

Shares of Tesla stock traded down $16.83 during trading on Thursday, reaching $313.41. The company's stock had a trading volume of 103,510,242 shares, compared to its average volume of 95,866,500. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $358.64. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.01 trillion, a price-to-earnings ratio of 87.07, a P/E/G ratio of 10.67 and a beta of 2.29. The company has a 50-day simple moving average of $248.48 and a two-hundred day simple moving average of $218.94.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. During the same period last year, the business posted $0.53 earnings per share. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on TSLA shares. Robert W. Baird restated an "outperform" rating and issued a $280.00 target price on shares of Tesla in a research report on Tuesday, August 20th. The Goldman Sachs Group boosted their price objective on Tesla from $230.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Sanford C. Bernstein reissued an "underperform" rating and set a $120.00 price target on shares of Tesla in a research note on Thursday, October 3rd. Glj Research reaffirmed a "sell" rating and issued a $24.86 price objective on shares of Tesla in a research note on Thursday, October 17th. Finally, Oppenheimer reissued a "market perform" rating on shares of Tesla in a research note on Tuesday, October 8th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $228.24.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $36,761,200. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $36,761,200. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 188,797 shares of company stock valued at $57,616,781 in the last three months. 20.70% of the stock is currently owned by corporate insiders.

Tesla Company Profile

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.