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Toronto Dominion Bank lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 17.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,073,858 shares of the electric vehicle producer’s stock after acquiring an additional 306,677 shares during the period. Toronto Dominion Bank owned approximately 0.07% of Tesla worth $255,338,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in TSLA. Vanguard Group Inc. increased its position in shares of Tesla by 212.2% during the third quarter. Vanguard Group Inc. now owns 213,024,517 shares of the electric vehicle producer’s stock worth $56,504,752,000 after acquiring an additional 144,784,989 shares in the last quarter. State Street Corp grew its position in Tesla by 213.5% in the third quarter. State Street Corp now owns 99,647,239 shares of the electric vehicle producer’s stock valued at $26,431,430,000 after purchasing an additional 67,859,515 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Tesla by 229.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 46,956,884 shares of the electric vehicle producer’s stock valued at $12,493,433,000 after purchasing an additional 32,723,798 shares in the last quarter. Jennison Associates LLC grew its position in Tesla by 200.2% in the third quarter. Jennison Associates LLC now owns 29,557,607 shares of the electric vehicle producer’s stock valued at $7,840,155,000 after purchasing an additional 19,711,687 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in Tesla by 196.4% in the third quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock valued at $7,394,330,000 after purchasing an additional 18,472,529 shares in the last quarter. Institutional investors own 43.00% of the company’s stock.
Tesla Trading Up 0.3 %
TSLA traded up $0.43 during trading on Tuesday, reaching $162.26. 84,145,975 shares of the company’s stock were exchanged, compared to its average volume of 163,023,656. Tesla, Inc. has a one year low of $101.81 and a one year high of $318.50. The company has a current ratio of 1.57, a quick ratio of 1.04 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $514.28 billion, a PE ratio of 47.60, a price-to-earnings-growth ratio of 2.06 and a beta of 2.00. The firm has a fifty day moving average price of $185.11 and a two-hundred day moving average price of $177.05.
Tesla (NASDAQ:TSLA – Get Rating) last posted its earnings results on Wednesday, April 19th. The electric vehicle producer reported $0.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.85. Tesla had a net margin of 13.66% and a return on equity of 27.29%. The firm had revenue of $23.33 billion for the quarter, compared to analyst estimates of $23.36 billion. During the same period in the previous year, the firm posted $0.95 EPS. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. As a group, equities research analysts forecast that Tesla, Inc. will post 3.15 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $152.44, for a total transaction of $1,600,620.00. Following the sale, the senior vice president now directly owns 65,547 shares of the company’s stock, valued at approximately $9,991,984.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, April 27th. The shares were sold at an average price of $152.44, for a total value of $1,600,620.00. Following the transaction, the senior vice president now owns 65,547 shares in the company, valued at approximately $9,991,984.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Andrew D. Baglino sold 1,298 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $195.79, for a total transaction of $254,135.42. Following the completion of the transaction, the senior vice president now owns 65,547 shares in the company, valued at approximately $12,833,447.13. The disclosure for this sale can be found here. Insiders have sold 153,219 shares of company stock valued at $29,592,724 in the last ninety days. 25.10% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of research firms recently weighed in on TSLA. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Thursday, March 2nd. Edward Jones upgraded shares of Tesla from a “hold” rating to a “buy” rating in a research note on Thursday, January 5th. Piper Sandler cut their target price on shares of Tesla from $300.00 to $280.00 in a research note on Tuesday. Daiwa Capital Markets cut their target price on shares of Tesla from $218.00 to $185.00 and set an “outperform” rating for the company in a research note on Monday, April 24th. Finally, Guggenheim cut shares of Tesla from a “neutral” rating to a “sell” rating in a research note on Friday, January 13th. Six research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $204.06.
Tesla Profile
Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles and energy generation and storage systems. The company operates through the following segments: Automotive and Energy Generation and Storage. The Automotive segment includes the design, development, manufacture, sale, and lease of electric vehicles as well as sales of automotive regulatory credits.
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