Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by IPG Investment Advisors LLC

IPG Investment Advisors LLC boosted its holdings in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 0.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 4,213 shares of the electric vehicle producer’s stock after acquiring an additional 28 shares during the period. Tesla accounts for approximately 0.8% of IPG Investment Advisors LLC’s investment portfolio, making the stock its 26th biggest holding. IPG Investment Advisors LLC’s holdings in Tesla were worth $4,453,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in TSLA. Banque Pictet & Cie SA boosted its holdings in shares of Tesla by 38,084.4% during the fourth quarter. Banque Pictet & Cie SA now owns 1,494,920 shares of the electric vehicle producer’s stock valued at $1,579,802,000 after acquiring an additional 1,491,005 shares during the period. Clear Street LLC acquired a new stake in Tesla in the fourth quarter worth about $1,447,578,000. State Street Corp lifted its holdings in Tesla by 4.0% in the fourth quarter. State Street Corp now owns 32,465,720 shares of the electric vehicle producer’s stock worth $34,309,124,000 after purchasing an additional 1,235,579 shares during the period. Renaissance Technologies LLC lifted its holdings in Tesla by 299.6% in the third quarter. Renaissance Technologies LLC now owns 813,975 shares of the electric vehicle producer’s stock worth $631,221,000 after purchasing an additional 610,300 shares during the period. Finally, TD Asset Management Inc. lifted its holdings in Tesla by 121.5% in the fourth quarter. TD Asset Management Inc. now owns 1,084,513 shares of the electric vehicle producer’s stock worth $1,146,092,000 after purchasing an additional 594,905 shares during the period. 40.64% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on TSLA. Daiwa Capital Markets reduced their price objective on shares of Tesla from $1,150.00 to $800.00 and set an “outperform” rating for the company in a report on Tuesday. Oppenheimer boosted their price target on shares of Tesla from $1,103.00 to $1,291.00 and gave the stock an “outperform” rating in a research report on Thursday, April 21st. Citigroup boosted their price target on shares of Tesla from $313.00 to $375.00 and gave the stock a “sell” rating in a research report on Thursday, April 21st. Royal Bank of Canada boosted their price target on shares of Tesla from $1,035.00 to $1,175.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 21st. Finally, Wedbush dropped their price target on shares of Tesla from $1,400.00 to $1,000.00 and set an “outperform” rating on the stock in a research report on Thursday, May 19th. Eight research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $912.68.

In related news, SVP Andrew D. Baglino sold 5,000 shares of the firm’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $875.23, for a total value of $4,376,150.00. Following the transaction, the senior vice president now owns 20,138 shares in the company, valued at $17,625,381.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Andrew D. Baglino sold 3,500 shares of the firm’s stock in a transaction dated Monday, February 28th. The shares were sold at an average price of $815.72, for a total value of $2,855,020.00. The disclosure for this sale can be found here. Insiders sold 417,001 shares of company stock valued at $373,252,861 over the last 90 days. 25.00% of the stock is currently owned by corporate insiders.

Shares of TSLA stock traded up $51.90 during trading hours on Friday, reaching $759.63. 29,634,704 shares of the company’s stock were exchanged, compared to its average volume of 27,469,295. Tesla, Inc. has a fifty-two week low of $571.22 and a fifty-two week high of $1,243.49. The stock has a market capitalization of $786.98 billion, a P/E ratio of 103.07, a P/E/G ratio of 2.27 and a beta of 2.11. The business has a fifty day moving average price of $911.11 and a 200-day moving average price of $950.68. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Rating) last issued its quarterly earnings results on Wednesday, April 20th. The electric vehicle producer reported $2.86 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $1.22. The company had revenue of $18.76 billion during the quarter, compared to analyst estimates of $17.84 billion. Tesla had a return on equity of 28.11% and a net margin of 13.51%. The company’s quarterly revenue was up 80.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 10.39 EPS for the current fiscal year.

Tesla Profile (Get Rating)

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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