27,990 Shares in Tesla, Inc. $TSLA Acquired by BLKBRD Asset Management LP

BLKBRD Asset Management LP purchased a new stake in Tesla, Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,990 shares of the electric vehicle producer’s stock, valued at approximately $8,891,000. Tesla accounts for 5.0% of BLKBRD Asset Management LP’s portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer’s stock worth $35,509,000 after buying an additional 9,293 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Tesla by 21.2% during 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 last quarter. Bison Wealth LLC grew its position in Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock worth $4,187,000 after acquiring an additional 3,558 shares during the last quarter. Sit Investment Associates Inc. increased its holdings in Tesla by 25.5% during the 1st quarter. Sit Investment Associates Inc. now owns 5,681 shares of the electric vehicle producer’s stock valued at $1,472,000 after purchasing an additional 1,156 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Tesla by 2.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,755,902 shares of the electric vehicle producer’s stock valued at $1,232,401,000 after purchasing an additional 119,500 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Insider Activity at Tesla

In other news, CFO Vaibhav Taneja sold 2,637 shares of the business’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the transaction, the chief financial officer directly owned 13,757 shares in the company, valued at approximately $6,107,145.01. The trade was a 16.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total transaction of $25,360,800.00. Following the completion of the sale, the director owned 637,031 shares in the company, valued at $269,260,263.08. This represents a 8.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 119,457 shares of company stock worth $52,137,945. 19.90% of the stock is owned by insiders.

Tesla Trading Up 2.7%

TSLA opened at $458.96 on Friday. The firm has a 50 day simple moving average of $435.52 and a 200 day simple moving average of $376.19. Tesla, Inc. has a fifty-two week low of $214.25 and a fifty-two week high of $488.54. The company has a market cap of $1.53 trillion, a price-to-earnings ratio of 305.97, a price-to-earnings-growth ratio of 15.09 and a beta of 1.87. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67.

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

Wall Street Analyst Weigh In

Several brokerages have recently commented on TSLA. Baird R W upgraded Tesla from a “hold” rating to a “strong-buy” rating in a report on Friday, September 19th. Roth Capital set a $505.00 price objective on shares of Tesla and gave the stock a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Tesla in a research report on Thursday, October 30th. UBS Group reiterated a “sell” rating on shares of Tesla in a research report on Friday, November 7th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Tesla from $440.00 to $470.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the stock. According to data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $399.33.

Tesla Company 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.