Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 297,722 shares of the electric vehicle producer's stock after acquiring an additional 7,966 shares during the quarter. Pacer Advisors Inc.'s holdings in Tesla were worth $77,893,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TSLA. China Universal Asset Management Co. Ltd. boosted its holdings in Tesla by 0.9% in the first 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 last quarter. EntryPoint Capital LLC raised its position in Tesla by 264.1% in the first quarter. EntryPoint Capital LLC now owns 670 shares of the electric vehicle producer's stock valued at $118,000 after purchasing an additional 486 shares during the period. Capital International Investors purchased a new position in Tesla in the first quarter valued at about $48,068,000. Westwood Holdings Group Inc. raised its position in Tesla by 466.9% in the first quarter. Westwood Holdings Group Inc. now owns 15,799 shares of the electric vehicle producer's stock valued at $2,777,000 after purchasing an additional 13,012 shares during the period. Finally, Canada Pension Plan Investment Board raised its position in Tesla by 86.6% in the first quarter. Canada Pension Plan Investment Board now owns 979,760 shares of the electric vehicle producer's stock valued at $172,232,000 after purchasing an additional 454,567 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on TSLA. Cantor Fitzgerald reissued a "neutral" rating and issued a $245.00 price objective on shares of Tesla in a research report on Wednesday, October 23rd. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research report on Thursday, October 24th. HSBC reissued a "reduce" rating and issued a $124.00 price objective on shares of Tesla in a research report on Friday, October 11th. Roth Mkm reissued a "neutral" rating and issued a $85.00 price objective on shares of Tesla in a research report on Friday, October 11th. Finally, Jefferies Financial Group lifted their target price on Tesla from $195.00 to $300.00 and gave the stock a "hold" rating in a research report on Thursday, November 14th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Tesla has a consensus rating of "Hold" and an average price target of $230.18.

Tesla Stock Performance

TSLA stock traded up $13.35 during midday trading on Friday, reaching $352.99. The company had a trading volume of 55,139,492 shares, compared to its average volume of 95,652,180. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $261.63 and a 200 day moving average price of $224.93. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $361.53. The firm has a market capitalization of $1.13 trillion, a PE ratio of 94.07, a P/E/G ratio of 11.24 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last issued 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 business had revenue of $25.18 billion during 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 was up 7.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.53 earnings per share. Analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insider Transactions at Tesla

In other news, CFO Vaibhav Taneja sold 8,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. The trade was a 7.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the business'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 value of $34,602,000.00. Following the transaction, the director now owns 5,400 shares of the company's stock, valued at approximately $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 301,187 shares of company stock worth $92,956,692. Company insiders own 20.70% of the company's stock.

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.