Aperio Group LLC Has $10.68 Million Position in Tesla Inc. (TSLA)

Aperio Group LLC raised its stake in shares of Tesla Inc. (NASDAQ:TSLA) by 16.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,536 shares of the electric vehicle producer’s stock after buying an additional 4,274 shares during the period. Aperio Group LLC’s holdings in Tesla were worth $10,680,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. FMR LLC increased its position in shares of Tesla by 10.9% in the first quarter. FMR LLC now owns 24,450,435 shares of the electric vehicle producer’s stock valued at $6,804,556,000 after buying an additional 2,400,034 shares during the period. Renaissance Technologies LLC increased its position in Tesla by 117.7% in the first quarter. Renaissance Technologies LLC now owns 677,792 shares of the electric vehicle producer’s stock worth $188,630,000 after buying an additional 366,400 shares during the last quarter. Baillie Gifford & Co. increased its position in Tesla by 2.5% in the first quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock worth $3,792,025,000 after buying an additional 336,130 shares during the last quarter. Vanguard Group Inc. increased its position in Tesla by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock worth $1,651,654,000 after buying an additional 280,941 shares during the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Tesla by 7.6% in the first quarter. Jennison Associates LLC now owns 2,869,480 shares of the electric vehicle producer’s stock worth $798,576,000 after buying an additional 203,034 shares during the period. 63.78% of the stock is currently owned by institutional investors.

Tesla Inc. (NASDAQ TSLA) traded up 1.79% during midday trading on Friday, reaching $353.30. The company’s stock had a trading volume of 6,477,739 shares. Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $386.99. The firm’s market cap is $58.37 billion. The company has a 50 day moving average price of $346.20 and a 200 day moving average price of $302.00. Tesla also was the recipient of unusually large options trading activity on Thursday. Stock investors purchased 92,133 put options on the company. This is an increase of approximately 119% compared to the average volume of 42,045 put options.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.00) by $0.67. Tesla had a negative net margin of 7.61% and a negative return on equity of 17.71%. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the company posted ($1.06) earnings per share. Tesla’s revenue was up 119.6% on a year-over-year basis. On average, equities research analysts expect that Tesla Inc. will post ($6.15) EPS for the current year.

TRADEMARK VIOLATION NOTICE: This article was first posted by [[site]] and is the property of of [[site]]. If you are reading this article on another publication, it was copied illegally and reposted in violation of US and international copyright laws. The original version of this article can be read at [[permalink]].

A number of equities research analysts recently weighed in on the company. UBS AG restated a “sell” rating and set a $160.00 price objective on shares of Tesla in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) increased their price target on Tesla from $180.00 to $190.00 in a research note on Friday. Royal Bank Of Canada increased their price target on Tesla from $314.00 to $345.00 and gave the company a “sector perform” rating in a research note on Thursday. Robert W. Baird restated an “outperform” rating and issued a $368.00 price objective on shares of Tesla in a research note on Thursday. Finally, Berenberg Bank restated a “buy” rating on shares of Tesla in a research note on Thursday. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and fifteen have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $304.84.

In other news, insider Jeffrey B. Straubel sold 109,100 shares of Tesla stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $307.81, for a total transaction of $33,582,071.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robyn M. Denholm sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $311.76, for a total value of $6,235,200.00. Following the sale, the director now directly owns 20,000 shares in the company, valued at approximately $6,235,200. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 241,980 shares of company stock worth $74,834,109. Corporate insiders own 23.10% of the company’s stock.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.