State of New Jersey Common Pension Fund D Purchases 2,893 Shares of Tesla, Inc. (NASDAQ:TSLA)

State of New Jersey Common Pension Fund D increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,056,745 shares of the electric vehicle producer's stock after acquiring an additional 2,893 shares during the quarter. Tesla comprises 1.1% of State of New Jersey Common Pension Fund D's portfolio, making the stock its 12th biggest holding. State of New Jersey Common Pension Fund D's holdings in Tesla were worth $276,476,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TSLA. International Assets Investment Management LLC increased its position in Tesla by 35,611.2% during the 3rd quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock worth $2,892,160,000 after buying an additional 11,023,436 shares during the period. Clean Energy Transition LLP increased its position in Tesla by 347.7% during the second quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer's stock worth $953,505,000 after acquiring an additional 6,764,300 shares during the period. Strategic Financial Concepts LLC raised its position in shares of Tesla by 21,816.0% in the second quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock valued at $1,167,970,000 after buying an additional 5,875,484 shares in the last quarter. Vanguard Group Inc. grew its position in Tesla by 1.7% during the first quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer's stock worth $41,064,917,000 after buying an additional 3,795,748 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Tesla by 236.8% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer's stock worth $416,341,000 after acquiring an additional 1,479,378 shares during the period. Institutional investors own 66.20% of the company's stock.

Insiders Place Their Bets

In related news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares of the company's stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Vaibhav Taneja sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $251.76, for a total value of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,442,856.32. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the 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 sale, the senior vice president now directly owns 67,491 shares of the company's stock, valued at $14,967,479.07. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,797 shares of company stock valued at $19,211,821. Corporate insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on TSLA shares. Citigroup dropped their target price on shares of Tesla from $274.00 to $258.00 and set a "neutral" rating for the company in a research report on Wednesday, July 24th. Bank of America increased their target price on shares of Tesla from $265.00 to $350.00 and gave the stock a "buy" rating in a report on Thursday. New Street Research cut shares of Tesla from a "buy" rating to a "neutral" rating and set a $225.00 price objective for the company. in a research report on Wednesday, July 24th. Wells Fargo & Company raised their target price on shares of Tesla from $120.00 to $125.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Finally, Robert W. Baird reiterated an "outperform" rating and set a $280.00 price target on shares of Tesla in a report on Tuesday, August 20th. Eight research 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. According to MarketBeat.com, Tesla currently has a consensus rating of "Hold" and an average price target of $225.06.

Tesla Stock Up 9.0 %

Shares of NASDAQ:TSLA traded up $28.78 during trading on Monday, reaching $350.00. 208,873,720 shares of the stock were exchanged, compared to its average volume of 95,411,664. The stock has a fifty day moving average of $241.18 and a two-hundred day moving average of $215.77. Tesla, Inc. has a 1-year low of $138.80 and a 1-year 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. The firm has a market cap of $1.12 trillion, a price-to-earnings ratio of 97.39, a price-to-earnings-growth ratio of 10.59 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating 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 firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period last year, the firm earned $0.53 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts anticipate that Tesla, Inc. will post 1.96 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.