725 Shares in Tesla Inc (NASDAQ:TSLA) Acquired by Oakbrook Investments LLC

Oakbrook Investments LLC acquired a new position in Tesla Inc (NASDAQ:TSLA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 725 shares of the electric vehicle producer’s stock, valued at approximately $303,000.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of Tesla by 102.6% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,448,917 shares of the electric vehicle producer’s stock worth $349,001,000 after buying an additional 733,764 shares during the period. Nikko Asset Management Americas Inc. boosted its position in shares of Tesla by 45.4% during the third quarter. Nikko Asset Management Americas Inc. now owns 954,837 shares of the electric vehicle producer’s stock worth $229,992,000 after buying an additional 298,142 shares during the period. California Public Employees Retirement System boosted its position in shares of Tesla by 18.1% during the fourth quarter. California Public Employees Retirement System now owns 305,898 shares of the electric vehicle producer’s stock worth $127,966,000 after buying an additional 46,900 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of Tesla by 3.2% during the third quarter. Pictet Asset Management Ltd. now owns 272,019 shares of the electric vehicle producer’s stock worth $65,521,000 after buying an additional 8,457 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in shares of Tesla by 577.2% in the third quarter. Point72 Asset Management L.P. now owns 257,368 shares of the electric vehicle producer’s stock valued at $61,992,000 after acquiring an additional 311,303 shares in the last quarter. Institutional investors own 48.88% of the company’s stock.

Tesla stock traded down $3.97 during trading on Monday, reaching $800.03. 15,693,711 shares of the company’s stock were exchanged, compared to its average volume of 23,768,228. The company’s 50-day moving average is $567.77 and its two-hundred day moving average is $352.98. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.80 and a current ratio of 1.13. Tesla Inc has a 52-week low of $176.99 and a 52-week high of $968.99. The firm has a market cap of $145.08 billion, a price-to-earnings ratio of -157.80, a PEG ratio of 6.97 and a beta of 0.50.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, January 29th. The electric vehicle producer reported $2.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.34. Tesla had a negative net margin of 3.51% and a negative return on equity of 13.07%. The firm had revenue of $7.38 billion during the quarter, compared to analysts’ expectations of $7.05 billion. During the same period in the prior year, the company earned $1.93 EPS. The firm’s revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Tesla Inc will post 3.28 EPS for the current year.

In related news, insider Jerome M. Guillen sold 2,000 shares of the company’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $329.40, for a total transaction of $658,800.00. Following the completion of the sale, the insider now directly owns 10,973 shares of the company’s stock, valued at approximately $3,614,506.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Stephen T. Jurvetson sold 17,223 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $332.44, for a total transaction of $5,725,614.12. Following the sale, the director now directly owns 13,889 shares of the company’s stock, valued at $4,617,259.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,523 shares of company stock valued at $7,372,344. 24.40% of the stock is owned by corporate insiders.

TSLA has been the topic of several analyst reports. Argus increased their price objective on Tesla from $556.00 to $808.00 and gave the company a “buy” rating in a research note on Monday, February 3rd. Piper Jaffray Companies increased their price objective on Tesla from $372.00 to $423.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Bank of America increased their price objective on Tesla from $240.00 to $350.00 and gave the company an “underperform” rating in a research note on Wednesday, January 29th. UBS Group set a $410.00 price objective on Tesla and gave the company a “sell” rating in a research note on Friday. Finally, BNP Paribas cut Tesla from an “outperform” rating to a “neutral” rating and set a $555.00 price objective on the stock. in a research note on Thursday, January 23rd. Eighteen investment analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $436.24.

Tesla Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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