Candriam S.C.A. Purchases 30,611 Shares of Tesla, Inc. $TSLA

Candriam S.C.A. increased its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 11.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 293,400 shares of the electric vehicle producer’s stock after buying an additional 30,611 shares during the quarter. Candriam S.C.A.’s holdings in Tesla were worth $109,071,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of TSLA. PFS Partners LLC boosted its stake in shares of Tesla by 4.2% in the 4th quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock valued at $265,000 after purchasing an additional 24 shares in the last quarter. Boltwood Capital Management boosted its position in Tesla by 1.2% during the fourth quarter. Boltwood Capital Management now owns 2,120 shares of the electric vehicle producer’s stock valued at $953,000 after buying an additional 25 shares during the period. Woodmont Investment Counsel LLC grew its stake in shares of Tesla by 1.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after buying an additional 25 shares during the last quarter. Aspect Partners LLC increased its holdings in shares of Tesla by 12.5% in the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock worth $101,000 after buying an additional 25 shares during the period. Finally, Human Investing LLC boosted its holdings in Tesla by 4.5% during the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock valued at $260,000 after acquiring an additional 25 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TSLA has been the topic of several analyst reports. Barclays reaffirmed a “neutral” rating on shares of Tesla in a research note on Wednesday, May 13th. President Capital lifted their target price on shares of Tesla from $424.00 to $428.00 and gave the company a “buy” rating in a research note on Monday, April 27th. HSBC restated a “hold” rating on shares of Tesla in a report on Monday, June 15th. William Blair reiterated a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. Finally, Jefferies Financial Group raised their target price on Tesla from $350.00 to $375.00 and gave the company a “hold” rating in a research note on Monday, June 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $406.87.

View Our Latest Stock Analysis on Tesla

Trending Headlines about Tesla

Here are the key news stories impacting Tesla this week:

Insider Buying and Selling

In other news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares in the company, valued at $18,300,145.89. The trade was a 35.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 2,606 shares of Tesla stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the completion of the sale, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. The trade was a 10.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 32,015 shares of company stock worth $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Tesla Trading Up 0.3%

Tesla stock opened at $407.76 on Friday. Tesla, Inc. has a 12 month low of $297.82 and a 12 month high of $498.83. The company has a market capitalization of $1.53 trillion, a price-to-earnings ratio of 374.09, a price-to-earnings-growth ratio of 14.89 and a beta of 1.80. The business’s fifty day simple moving average is $410.46 and its two-hundred day simple moving average is $409.23. The company has a current ratio of 2.04, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The electric vehicle producer reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.02. Tesla had a return on equity of 4.89% and a net margin of 3.95%.The firm had revenue of $22.39 billion during the quarter, compared to analyst estimates of $22.96 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. Tesla’s quarterly revenue was up 15.8% compared to the same quarter last year. As a group, equities analysts predict that Tesla, Inc. will post 1.3 earnings per share for the current fiscal year.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

Featured Articles

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.