WIM INVESTMENT MANAGEMENT Ltd Invests $72.58 Million in Tesla, Inc. (NASDAQ:TSLA)

WIM INVESTMENT MANAGEMENT Ltd purchased a new position in Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 277,430 shares of the electric vehicle producer's stock, valued at approximately $72,584,000. Tesla accounts for about 30.5% of WIM INVESTMENT MANAGEMENT Ltd's portfolio, making the stock its largest position.

A number of other hedge funds have also recently modified their holdings of TSLA. China Universal Asset Management Co. Ltd. grew its position in shares of Tesla by 0.9% during the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer's stock worth $6,399,000 after purchasing an additional 331 shares in the last quarter. M&G Plc purchased a new position in shares of Tesla in the first quarter worth $2,509,000. Catalytic Wealth RIA LLC purchased a new position in Tesla during the first quarter valued at $732,000. Covestor Ltd lifted its stake in Tesla by 28.4% in the 1st quarter. Covestor Ltd now owns 1,606 shares of the electric vehicle producer's stock worth $282,000 after purchasing an additional 355 shares in the last quarter. Finally, Resurgent Financial Advisors LLC grew its position in shares of Tesla by 60.1% during the first quarter. Resurgent Financial Advisors LLC now owns 5,267 shares of the electric vehicle producer's stock valued at $926,000 after purchasing an additional 1,978 shares in the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla 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 sale, the director now directly owns 5,400 shares of the company's stock, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction 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 directly owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,797 shares of company stock valued at $57,616,781. 20.70% of the stock is owned by corporate insiders.

Tesla Stock Performance

TSLA traded up $9.54 on Friday, reaching $320.72. The stock had a trading volume of 114,440,286 shares, compared to its average volume of 109,566,312. 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, Inc. has a 12-month low of $138.80 and a 12-month high of $358.64. The business's 50-day moving average price is $252.30 and its two-hundred day moving average price is $220.72. The company has a market cap of $1.03 trillion, a P/E ratio of 87.87, a price-to-earnings-growth ratio of 10.42 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 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. Tesla's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company earned $0.53 earnings per share. Sell-side analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays raised their price target on Tesla from $220.00 to $235.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. Canaccord Genuity Group boosted their target price on Tesla from $254.00 to $278.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Wells Fargo & Company increased their target price on shares of Tesla from $120.00 to $125.00 and gave the company an "underweight" rating in a research note on Thursday, October 24th. William Blair assumed coverage on shares of Tesla in a research report on Thursday, August 29th. They issued an "outperform" rating on the stock. Finally, Phillip Securities lowered Tesla from a "moderate sell" rating to a "strong sell" rating in a research report on Wednesday. Nine equities 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 stock. Based on data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus target price 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.