Chartwell Investment Partners LLC grew its position in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 278.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,478 shares of the electric vehicle producer's stock after purchasing an additional 38,616 shares during the quarter. Chartwell Investment Partners LLC's holdings in Tesla were worth $13,730,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of TSLA. Vanguard Group Inc. boosted its stake in Tesla by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer's stock valued at $41,064,917,000 after purchasing an additional 3,795,748 shares during the period. International Assets Investment Management LLC boosted its position in shares of Tesla by 35,611.2% in the third quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock valued at $2,892,160,000 after acquiring an additional 11,023,436 shares during the period. Strategic Financial Concepts LLC grew its stake in shares of Tesla by 21,816.0% in the second quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock worth $1,167,970,000 after acquiring an additional 5,875,484 shares during the last quarter. ARK Investment Management LLC increased its position in Tesla by 2.6% during the second quarter. ARK Investment Management LLC now owns 5,314,395 shares of the electric vehicle producer's stock worth $1,051,613,000 after acquiring an additional 135,966 shares during the period. Finally, National Pension Service raised its stake in Tesla by 15.3% during the 3rd quarter. National Pension Service now owns 5,182,657 shares of the electric vehicle producer's stock valued at $1,355,939,000 after purchasing an additional 688,717 shares during the last quarter. Institutional investors own 66.20% of the company's stock.
Shares of TSLA stock opened at $321.22 on Monday. The stock has a market cap of $1.03 trillion, a PE ratio of 88.01, a price-to-earnings-growth ratio of 10.59 and a beta of 2.29. The stock has a 50-day moving average of $241.18 and a 200-day moving average of $215.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a one year low of $138.80 and a one year high of $328.71.
Tesla (NASDAQ:TSLA - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. During the same period last year, the business posted $0.53 earnings per share. The business's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current year.
In related news, Director Kimbal Musk sold 60,500 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares of the company's stock, valued at approximately $391,164,540.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Vaibhav Taneja sold 8,000 shares of the company's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 60,500 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the completion of the transaction, the director now owns 1,563,220 shares of the company's stock, valued at approximately $391,164,540.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 76,797 shares of company stock worth $19,211,821 over the last ninety days. 20.70% of the stock is currently owned by corporate insiders.
A number of research analysts have recently commented on TSLA shares. William Blair initiated coverage on shares of Tesla in a research report on Thursday, August 29th. They set an "outperform" rating for the company. Wedbush reissued an "outperform" rating and set a $300.00 price objective on shares of Tesla in a report on Thursday, October 24th. Wolfe Research initiated coverage on shares of Tesla in a research note on Thursday, September 5th. They set a "peer perform" rating on the stock. Barclays increased their price objective on shares of Tesla from $220.00 to $235.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 29th. Finally, Truist Financial lifted their target price on shares of Tesla from $236.00 to $238.00 and gave the company a "hold" rating in a research report on Thursday, October 24th. Eight research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Tesla has a consensus rating of "Hold" and an average price target of $222.03.
Read Our Latest Report on TSLA
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.
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