Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC increased its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 14.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 2,051,425 shares of the electric vehicle producer's stock after purchasing an additional 255,100 shares during the period. Tesla accounts for about 0.7% of Renaissance Technologies LLC's holdings, making the stock its 10th biggest holding. Renaissance Technologies LLC owned 0.06% of Tesla worth $405,936,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Bank & Trust Co purchased a new stake in Tesla in the second quarter valued at approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in Tesla in the 2nd quarter valued at $26,000. OLD Point Trust & Financial Services N A acquired a new stake in Tesla during the 4th quarter worth $37,000. Guardian Wealth Management Inc. purchased a new position in Tesla during the 4th quarter worth $47,000. Finally, Kessler Investment Group LLC increased its stake in Tesla by 35.9% in the second quarter. Kessler Investment Group LLC now owns 193 shares of the electric vehicle producer's stock valued at $38,000 after purchasing an additional 51 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on TSLA. Piper Sandler reissued an "overweight" rating and set a $300.00 price target on shares of Tesla in a report on Monday, August 19th. Wells Fargo & Company restated an "underweight" rating and set a $120.00 price target on shares of Tesla in a research note on Monday, July 1st. Truist Financial reiterated a "hold" rating and issued a $215.00 price objective on shares of Tesla in a research report on Wednesday, August 14th. Glj Research restated a "sell" rating and set a $24.86 price objective on shares of Tesla in a research report on Thursday, September 5th. Finally, Stifel Nicolaus started coverage on shares of Tesla in a research note on Tuesday, June 25th. They issued a "buy" rating and a $265.00 target price for the company. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $209.60.

Insider Buying and Selling

In other news, SVP Xiaotong Zhu sold 297 shares of the company's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Tesla news, Director Robyn M. Denholm sold 66,364 shares of the business's stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total transaction of $14,597,425.44. Following the completion of the sale, the director now owns 85,000 shares of the company's stock, valued at $18,696,600. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by company insiders.

Tesla Trading Down 1.5 %

NASDAQ:TSLA traded down $3.51 on Monday, reaching $226.78. The stock had a trading volume of 54,114,344 shares, compared to its average volume of 96,575,586. The company has a market cap of $723.25 billion, a price-to-earnings ratio of 57.79, a P/E/G ratio of 6.08 and a beta of 2.29. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $273.93. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. The firm's fifty day moving average is $223.37 and its two-hundred day moving average is $194.57.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a return on equity of 10.41% and a net margin of 13.00%. The firm had revenue of $25.50 billion during the quarter, compared to analysts' expectations of $24.38 billion. During the same period in the previous year, the firm posted $0.78 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. Equities analysts expect that Tesla, Inc. will post 1.75 EPS 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.