Yahav Achim Ve Achayot Provident Funds Management Co Ltd. Invests $1.20 Million in Tesla, Inc. (NASDAQ:TSLA)

Yahav Achim Ve Achayot Provident Funds Management Co Ltd. acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 4,600 shares of the electric vehicle producer's stock, valued at approximately $1,203,000. Tesla comprises about 3.2% of Yahav Achim Ve Achayot Provident Funds Management Co Ltd.'s portfolio, making the stock its 11th biggest holding.

A number of other institutional investors have also recently bought and sold shares of TSLA. Connable Office Inc. increased its holdings in shares of Tesla by 0.3% in the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock valued at $3,368,000 after purchasing an additional 38 shares during the last quarter. Holistic Financial Partners increased its holdings in shares of Tesla by 1.0% in the third quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer's stock valued at $1,061,000 after purchasing an additional 40 shares during the last quarter. Integris Wealth Management LLC increased its holdings in shares of Tesla by 1.0% in the second quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer's stock valued at $804,000 after purchasing an additional 42 shares during the last quarter. Sherrill & Hutchins Financial Advisory Inc increased its stake in Tesla by 1.4% during the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer's stock worth $800,000 after acquiring an additional 43 shares during the last quarter. Finally, Altman Advisors Inc. increased its stake in Tesla by 0.4% during the third quarter. Altman Advisors Inc. now owns 10,754 shares of the electric vehicle producer's stock worth $2,814,000 after acquiring an additional 43 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $350.00, for a total value of $1,400,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares in the company, valued at $36,761,200. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the firm's 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 sale, the senior vice president now owns 67,491 shares of the company's stock, valued at $14,967,479.07. This trade represents a 0.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 301,187 shares of company stock worth $92,956,692 in the last quarter. Company insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Barclays raised their target price on Tesla from $220.00 to $235.00 and gave the stock an "equal weight" rating in a research note on Tuesday, October 29th. Needham & Company LLC reissued a "hold" rating on shares of Tesla in a research note on Thursday, October 24th. Cantor Fitzgerald reissued a "neutral" rating and set a $245.00 target price on shares of Tesla in a research note on Wednesday, October 23rd. KGI Securities raised Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 target price for the company in a research note on Thursday, October 24th. Finally, New Street Research lowered Tesla from a "buy" rating to a "neutral" rating and set a $225.00 price target for the company. in a research report on Wednesday, July 24th. Nine research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $230.18.

Tesla Price Performance

Shares of Tesla stock traded down $1.86 during midday trading on Thursday, hitting $340.17. 55,276,729 shares of the company traded hands, compared to its average volume of 95,830,680. The stock has a market cap of $1.09 trillion, a price-to-earnings ratio of 92.62, a PEG ratio of 11.24 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The firm's fifty day moving average price is $259.42 and its 200-day moving average price is $224.12. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $358.64.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. As a group, sell-side analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

About Tesla

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.