Charles Schwab Investment Management Inc. Purchases 301,968 Shares of Tesla, Inc. (NASDAQ:TSLA)

Charles Schwab Investment Management Inc. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,545,824 shares of the electric vehicle producer's stock after buying an additional 301,968 shares during the period. Tesla makes up about 0.8% of Charles Schwab Investment Management Inc.'s holdings, making the stock its 21st biggest holding. Charles Schwab Investment Management Inc. owned 0.52% of Tesla worth $4,328,884,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TSLA. International Assets Investment Management LLC boosted 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 purchasing an additional 11,023,436 shares during the period. Clean Energy Transition LLP boosted its position in Tesla by 347.7% in the 2nd quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer's stock valued at $953,505,000 after buying an additional 6,764,300 shares during the last quarter. Strategic Financial Concepts LLC boosted its position in Tesla by 21,816.0% in the 2nd 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Tesla by 236.8% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,104,010 shares of the electric vehicle producer's stock valued at $416,341,000 after buying an additional 1,479,378 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in Tesla by 11.9% in the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer's stock valued at $3,192,203,000 after buying an additional 1,294,093 shares during the last quarter. 66.20% of the stock is owned by hedge funds and other institutional investors.

Tesla Price Performance

Shares of NASDAQ TSLA traded down $1.86 during midday trading on Thursday, reaching $340.17. The company's stock had a trading volume of 55,276,729 shares, compared to its average volume of 95,830,680. The company has a market cap of $1.09 trillion, a price-to-earnings ratio of 93.20, a price-to-earnings-growth ratio of 11.24 and a beta of 2.29. Tesla, Inc. has a one year low of $138.80 and a one year high of $358.64. The company has a 50 day moving average price of $261.63 and a 200 day moving average price of $224.93. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data 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 net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. During the same period in the prior year, the firm earned $0.53 earnings per share. The business's quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts expect that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Buying and Selling

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. The trade was a 0.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total value of $2,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at approximately $26,258,000. The trade was a 7.08 % decrease in their position. 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. 20.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TSLA. Guggenheim increased their price target on shares of Tesla from $153.00 to $156.00 and gave the stock a "sell" rating in a research report on Thursday, October 24th. Wedbush reaffirmed an "outperform" rating and set a $400.00 price target on shares of Tesla in a research report on Monday. Wells Fargo & Company increased their price target on shares of Tesla from $120.00 to $125.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research report on Tuesday, October 8th. Finally, HSBC reaffirmed a "reduce" rating and set a $124.00 price target on shares of Tesla in a research report on Friday, October 11th. Nine equities 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 company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $230.18.

Tesla 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.