Corrigan Financial Inc. acquired a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 2,993 shares of the electric vehicle producer's stock, valued at approximately $1,209,000.
A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC boosted its holdings in shares of Tesla by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 59,356,401 shares of the electric vehicle producer's stock worth $15,469,792,000 after buying an additional 1,022,589 shares during the period. FMR LLC boosted its holdings in Tesla by 3.5% during the third quarter. FMR LLC now owns 24,741,075 shares of the electric vehicle producer's stock valued at $6,473,008,000 after acquiring an additional 828,308 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Tesla by 13.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 24,377,822 shares of the electric vehicle producer's stock valued at $6,377,970,000 after purchasing an additional 2,946,763 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Tesla by 1.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 16,545,824 shares of the electric vehicle producer's stock worth $4,328,884,000 after purchasing an additional 301,968 shares during the period. Finally, Jennison Associates LLC lifted its position in shares of Tesla by 11.9% during the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer's stock worth $3,192,203,000 after purchasing an additional 1,294,093 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on TSLA shares. Phillip Securities downgraded Tesla from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday, November 13th. Guggenheim upped their target price on shares of Tesla from $156.00 to $175.00 and gave the company a "sell" rating in a research note on Thursday, December 5th. Bank of America lowered shares of Tesla from a "buy" rating to a "neutral" rating and raised their price target for the stock from $400.00 to $490.00 in a research report on Tuesday, January 7th. Evercore ISI upped their price objective on shares of Tesla from $195.00 to $275.00 and gave the company an "in-line" rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group boosted their price target on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research note on Thursday, November 14th. Nine analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $296.60.
Check Out Our Latest Stock Report on TSLA
Tesla Price Performance
Shares of NASDAQ TSLA traded up $8.57 during trading on Monday, reaching $403.31. The company had a trading volume of 66,232,001 shares, compared to its average volume of 81,084,563. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $488.54. 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 business's 50 day moving average price is $379.81 and its 200-day moving average price is $283.29. The stock has a market cap of $1.29 trillion, a PE ratio of 110.50, a PEG ratio of 10.80 and a beta of 2.30.
Tesla (NASDAQ:TSLA - Get Free Report) last posted 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. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.53 EPS. Analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.
Insider Buying and Selling
In other news, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the sale, the chief financial officer now owns 108,965 shares in the company, valued at $40,775,792.65. The trade was a 2.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $411.63, for a total transaction of $41,163,000.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at $2,222,802. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 621,886 shares of company stock worth $213,451,751 over the last three months. 20.70% of the stock is currently owned by company insiders.
Tesla Profile
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Free Report)
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.
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