Tesla, Inc. $TSLA Stock Holdings Boosted by Empirical Finance LLC

Empirical Finance LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 82,363 shares of the electric vehicle producer’s stock after acquiring an additional 576 shares during the period. Tesla makes up 1.4% of Empirical Finance LLC’s investment portfolio, making the stock its 10th biggest holding. Empirical Finance LLC’s holdings in Tesla were worth $26,163,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Brighton Jones LLC increased its stake in Tesla by 11.8% in the 4th quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock valued at $35,509,000 after buying an additional 9,293 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Tesla by 21.2% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after acquiring an additional 931 shares during the period. Bison Wealth LLC boosted its holdings in shares of Tesla by 52.2% in the fourth quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after acquiring an additional 3,558 shares in the last quarter. GW&K Investment Management LLC increased its stake in shares of Tesla by 4.9% during the first quarter. GW&K Investment Management LLC now owns 1,702 shares of the electric vehicle producer’s stock worth $441,000 after acquiring an additional 80 shares during the period. Finally, Clifford Swan Investment Counsel LLC raised its holdings in Tesla by 56.8% during the first quarter. Clifford Swan Investment Counsel LLC now owns 6,401 shares of the electric vehicle producer’s stock worth $1,659,000 after purchasing an additional 2,319 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TSLA. William Blair reaffirmed a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their price target on Tesla from $440.00 to $470.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. President Capital increased their price objective on Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Barclays reissued a “negative” rating and issued a $350.00 target price (up previously from $275.00) on shares of Tesla in a report on Thursday, October 16th. Finally, BNP Paribas Exane initiated coverage on shares of Tesla in a research note on Thursday, October 16th. They set an “underperform” rating and a $307.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twelve have given a Hold rating and ten have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $394.31.

Tesla Trading Down 1.9%

NASDAQ:TSLA opened at $401.25 on Wednesday. The company has a market capitalization of $1.33 trillion, a PE ratio of 267.50, a price-to-earnings-growth ratio of 16.84 and a beta of 2.06. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $488.54. The stock has a fifty day simple moving average of $432.00 and a 200-day simple moving average of $363.04. The company has a quick ratio of 1.67, a current ratio of 2.07 and a debt-to-equity ratio of 0.07.

Tesla (NASDAQ:TSLA) last announced its earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.72 earnings per share. On average, equities research analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James R. Murdoch sold 120,000 shares of the business’s stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $350.29, for a total value of $42,034,800.00. Following the completion of the transaction, the director directly owned 697,031 shares of the company’s stock, valued at $244,162,988.99. The trade was a 14.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 20,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $363.75, for a total value of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. The trade was a 29.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 202,606 shares of company stock worth $75,588,902 in the last ninety days. Insiders own 19.90% of the company’s stock.

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.