Natixis Advisors LLC Has $458 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Natixis Advisors LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,750,576 shares of the electric vehicle producer's stock after purchasing an additional 108,449 shares during the period. Tesla accounts for 0.9% of Natixis Advisors LLC's portfolio, making the stock its 13th largest position. Natixis Advisors LLC owned about 0.05% of Tesla worth $458,003,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of TSLA. Connable Office Inc. grew its holdings in Tesla by 0.3% during the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock valued at $3,368,000 after purchasing an additional 38 shares during the period. Integris Wealth Management LLC lifted its holdings in Tesla by 1.0% during the second quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer's stock worth $804,000 after acquiring an additional 42 shares in the last quarter. Sherrill & Hutchins Financial Advisory Inc grew its stake in Tesla by 1.4% in the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer's stock valued at $800,000 after acquiring an additional 43 shares during the period. Echo Wealth Management LLC increased its holdings in shares of Tesla by 0.7% in the second quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer's stock worth $1,281,000 after acquiring an additional 44 shares in the last quarter. Finally, Essex Savings Bank lifted its holdings in shares of Tesla by 1.4% during the 3rd quarter. Essex Savings Bank now owns 3,128 shares of the electric vehicle producer's stock valued at $818,000 after purchasing an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on TSLA. KGI Securities upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 target price on the stock in a report on Thursday, October 24th. Jefferies Financial Group boosted their price target on Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a report on Thursday. Sanford C. Bernstein reissued an "underperform" rating and issued a $120.00 target price on shares of Tesla in a research report on Thursday, October 3rd. Oppenheimer reiterated a "market perform" rating on shares of Tesla in a report on Tuesday, October 8th. Finally, Piper Sandler raised their target price on shares of Tesla from $310.00 to $315.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $230.18.

Insider Buying and Selling at Tesla

In related news, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were 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. This trade represents a 0.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, the director now owns 1,563,220 shares of the company's stock, valued at approximately $391,164,540.60. This trade represents a 3.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 188,797 shares of company stock worth $57,616,781 over the last quarter. Corporate insiders own 20.70% of the company's stock.

Tesla Price Performance

NASDAQ:TSLA traded up $9.54 during mid-day trading on Friday, reaching $320.72. The stock had a trading volume of 114,440,286 shares, compared to its average volume of 96,026,047. The stock has a 50-day simple moving average of $252.30 and a two-hundred day simple moving average of $220.46. The stock has a market capitalization of $1.03 trillion, a PE ratio of 87.87, a P/E/G ratio of 10.73 and a beta of 2.29. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $358.64. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37.

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, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $25.47 billion. During the same quarter in the previous year, the business posted $0.53 earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

About Tesla

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.