Nisa Investment Advisors LLC Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Nisa Investment Advisors LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 571,269 shares of the electric vehicle producer's stock after acquiring an additional 12,009 shares during the period. Tesla comprises 0.9% of Nisa Investment Advisors LLC's holdings, making the stock its 12th largest position. Nisa Investment Advisors LLC's holdings in Tesla were worth $149,461,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of TSLA. Bank & Trust Co acquired a new stake in shares of Tesla during the 2nd quarter valued at about $25,000. Valley Wealth Managers Inc. purchased a new position in Tesla during the second quarter worth approximately $26,000. Abich Financial Wealth Management LLC grew its holdings in Tesla by 168.8% in the second quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after purchasing an additional 81 shares during the period. Clean Yield Group increased its position in shares of Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $33,000 after buying an additional 48 shares in the last quarter. Finally, M&R Capital Management Inc. lifted its position in shares of Tesla by 263.2% during the 3rd quarter. M&R Capital Management Inc. now owns 138 shares of the electric vehicle producer's stock valued at $36,000 after buying an additional 100 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on TSLA shares. William Blair began coverage on shares of Tesla in a research report on Thursday, August 29th. They set an "outperform" rating for the company. StockNews.com raised shares of Tesla from a "sell" rating to a "hold" rating in a research note on Thursday. Canaccord Genuity Group boosted their price objective on Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research note on Thursday. Wedbush reaffirmed an "outperform" rating and issued a $300.00 price target on shares of Tesla in a research note on Thursday. Finally, China Renaissance raised Tesla from a "hold" rating to a "buy" rating and set a $290.00 price objective for the company in a research note on Friday, July 5th. Eight research 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $219.00.

Insider Activity at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 8,000 shares of the company's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Vaibhav Taneja sold 8,000 shares of the company's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $250.00, for a total value of $2,000,000.00. Following the transaction, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Down 2.5 %

Shares of TSLA traded down $6.68 during mid-day trading on Monday, hitting $262.51. 107,130,355 shares of the company's stock were exchanged, compared to its average volume of 94,742,508. The stock's 50-day moving average is $230.53 and its 200-day moving average is $207.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $273.54. The company has a market cap of $842.67 billion, a price-to-earnings ratio of 72.18, a P/E/G ratio of 7.59 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period in the prior year, the business earned $0.53 EPS. The firm's quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts anticipate that Tesla, Inc. will post 1.75 earnings per share for the current fiscal year.

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.