Tesla, Inc. (NASDAQ:TSLA) Stock Holdings Boosted by Cardano Risk Management B.V.

Cardano Risk Management B.V. increased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 730,898 shares of the electric vehicle producer's stock after purchasing an additional 13,572 shares during the period. Tesla accounts for about 3.4% of Cardano Risk Management B.V.'s portfolio, making the stock its 10th largest position. Cardano Risk Management B.V.'s holdings in Tesla were worth $191,225,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. lifted its stake in Tesla by 0.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer's stock valued at $6,399,000 after acquiring an additional 331 shares during the period. M&G Plc acquired a new stake in Tesla during the 1st quarter valued at approximately $2,509,000. Catalytic Wealth RIA LLC acquired a new stake in Tesla during the 1st quarter valued at approximately $732,000. Covestor Ltd lifted its stake in Tesla by 28.4% during the 1st quarter. Covestor Ltd now owns 1,606 shares of the electric vehicle producer's stock valued at $282,000 after acquiring an additional 355 shares during the period. Finally, Resurgent Financial Advisors LLC lifted its stake in Tesla by 60.1% during the 1st quarter. Resurgent Financial Advisors LLC now owns 5,267 shares of the electric vehicle producer's stock valued at $926,000 after acquiring an additional 1,978 shares during the period. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on TSLA. Glj Research reissued a "sell" rating and issued a $24.86 price target on shares of Tesla in a report on Thursday, October 17th. Jefferies Financial Group boosted their price target on shares of Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a report on Thursday. Piper Sandler boosted their price target on shares of Tesla from $310.00 to $315.00 and gave the stock an "overweight" rating in a report on Friday, October 25th. Truist Financial boosted their price target on shares of Tesla from $236.00 to $238.00 and gave the stock a "hold" rating in a report on Thursday, October 24th. Finally, Sanford C. Bernstein reaffirmed an "underperform" rating and set a $120.00 target price on shares of Tesla in a report on Thursday, October 3rd. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $230.18.

Insider Transactions at Tesla

In related news, Director Kimbal Musk sold 60,500 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares in the company, valued at approximately $391,164,540.60. This represents a 3.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now owns 5,400 shares in the company, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 188,797 shares of company stock valued at $57,616,781. 20.70% of the stock is currently owned by corporate insiders.

Tesla Stock Up 3.1 %

Shares of TSLA traded up $9.54 during mid-day trading on Friday, hitting $320.72. 114,440,286 shares of the company's stock were exchanged, compared to its average volume of 109,566,312. The company has a market cap of $1.03 trillion, a price-to-earnings ratio of 87.87, a P/E/G ratio of 10.42 and a beta of 2.29. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $358.64. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The stock's 50-day moving average is $252.30 and its 200-day moving average is $221.01.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $25.18 billion for the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.53 earnings per share. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Tesla 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.