Tesla, Inc. (NASDAQ:TSLA) is Swiss National Bank's 9th Largest Position

Swiss National Bank grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,519,675 shares of the electric vehicle producer's stock after purchasing an additional 33,100 shares during the quarter. Tesla comprises approximately 1.4% of Swiss National Bank's investment portfolio, making the stock its 9th biggest position. Swiss National Bank owned about 0.27% of Tesla worth $2,229,003,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TSLA. International Assets Investment Management LLC lifted its position in shares of 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 valued at $2,892,160,000 after acquiring an additional 11,023,436 shares during the period. Clean Energy Transition LLP lifted its holdings in shares of Tesla by 347.7% during the 2nd 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 boosted its position in shares of Tesla by 21,816.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock worth $1,167,970,000 after acquiring an additional 5,875,484 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of 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 in the last quarter. Finally, Swedbank AB bought a new position in Tesla in the first quarter valued at approximately $187,775,000. 66.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Tesla from $230.00 to $250.00 and gave the stock a "neutral" rating in a report on Thursday, October 24th. StockNews.com raised shares of Tesla from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Guggenheim raised their price target on shares of Tesla from $153.00 to $156.00 and gave the company a "sell" rating in a research note on Thursday, October 24th. Morgan Stanley reiterated an "overweight" rating and set a $310.00 price objective on shares of Tesla in a research report on Thursday, October 3rd. Finally, Wedbush raised their target price on shares of Tesla from $300.00 to $400.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Tesla has a consensus rating of "Hold" and an average price target of $230.18.

Tesla Stock Up 3.1 %

Shares of Tesla stock traded up $9.54 during trading on Friday, reaching $320.72. 114,440,286 shares of the company traded hands, compared to its average volume of 109,566,312. 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 capitalization of $1.03 trillion, a PE ratio of 87.87, a P/E/G ratio of 10.42 and a beta of 2.29. The company has a 50 day moving average price of $252.30 and a 200-day moving average price of $221.01.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 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 business had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same period in the previous year, the company posted $0.53 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the company's stock in a transaction on Friday, September 6th. The shares were 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 in the company, valued at approximately $14,967,479.07. This represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at $26,258,000. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,797 shares of company stock worth $57,616,781 in the last ninety days. Corporate 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.