Private Advisor Group LLC reduced its stake in shares of Tesla Inc (NASDAQ:TSLA) by 77.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,751 shares of the electric vehicle producer’s stock after selling 15,937 shares during the quarter. Private Advisor Group LLC’s holdings in Tesla were worth $1,585,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Jennison Associates LLC lifted its stake in shares of Tesla by 17.1% during the 4th quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock worth $1,053,158,000 after purchasing an additional 494,761 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Tesla by 126.6% during the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after purchasing an additional 305,596 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its stake in shares of Tesla by 77.1% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock worth $197,922,000 after purchasing an additional 276,781 shares during the last quarter. Ariose Capital Management Ltd purchased a new stake in shares of Tesla during the 3rd quarter worth $30,733,000. Finally, APG Asset Management N.V. lifted its stake in shares of Tesla by 43.4% during the 4th quarter. APG Asset Management N.V. now owns 213,861 shares of the electric vehicle producer’s stock worth $55,451,000 after purchasing an additional 64,712 shares during the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.
A number of equities research analysts recently weighed in on the company. BidaskClub cut Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Berenberg Bank set a $470.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, February 8th. Dougherty & Co upped their price objective on Tesla from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Vetr cut Tesla from a “buy” rating to a “hold” rating and set a $330.54 price objective for the company. in a research note on Wednesday. Finally, Piper Jaffray Companies set a $385.00 price objective on Tesla and gave the stock a “buy” rating in a research note on Thursday, February 8th. Thirteen equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $324.20.
Tesla Inc (TSLA) opened at $335.49 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The firm has a market capitalization of $56,380.00, a PE ratio of -28.46 and a beta of 0.97. Tesla Inc has a 1-year low of $242.01 and a 1-year high of $389.61.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.12) by $0.08. The business had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.26 billion. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The company’s revenue was up 43.9% on a year-over-year basis. During the same period in the prior year, the company earned ($0.69) earnings per share. sell-side analysts anticipate that Tesla Inc will post -15.15 EPS for the current fiscal year.
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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.
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