iA Global Asset Management Inc. Has $41.48 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

iA Global Asset Management Inc. raised its stake in Tesla, Inc. (NASDAQ:TSLA) by 10.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 209,629 shares of the electric vehicle producer’s stock after purchasing an additional 19,142 shares during the period. iA Global Asset Management Inc.’s holdings in Tesla were worth $41,481,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its stake in shares of Tesla by 5.0% during the fourth quarter. International Assets Investment Management LLC now owns 24,963 shares of the electric vehicle producer’s stock worth $6,203,000 after purchasing an additional 1,189 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new position in Tesla during the 4th quarter worth $310,000. DDFG Inc lifted its holdings in shares of Tesla by 7.1% during the fourth quarter. DDFG Inc now owns 1,065 shares of the electric vehicle producer’s stock worth $265,000 after buying an additional 71 shares in the last quarter. Vantage Financial Partners LLC boosted its position in shares of Tesla by 6.4% in the fourth quarter. Vantage Financial Partners LLC now owns 5,763 shares of the electric vehicle producer’s stock valued at $1,432,000 after acquiring an additional 346 shares during the period. Finally, Gilbert & Cook Inc. grew its stake in shares of Tesla by 8.7% in the fourth quarter. Gilbert & Cook Inc. now owns 13,511 shares of the electric vehicle producer’s stock valued at $3,357,000 after acquiring an additional 1,086 shares in the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

TSLA has been the subject of a number of recent research reports. Canaccord Genuity Group boosted their price objective on shares of Tesla from $222.00 to $254.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Mizuho increased their price target on Tesla from $180.00 to $230.00 and gave the stock a “neutral” rating in a research report on Friday, July 12th. Robert W. Baird reiterated an “outperform” rating and set a $280.00 target price on shares of Tesla in a research report on Tuesday, August 20th. Truist Financial restated a “hold” rating and issued a $215.00 price target on shares of Tesla in a research report on Wednesday, August 14th. Finally, Wedbush reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Tesla in a research report on Wednesday, July 24th. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tesla has a consensus rating of “Hold” and an average price target of $204.21.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 650 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $174.21, for a total value of $113,236.50. Following the completion of the sale, the senior vice president now directly owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Tesla news, SVP Xiaotong Zhu sold 650 shares of Tesla stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $174.21, for a total transaction of $113,236.50. Following the transaction, the senior vice president now owns 65,155 shares of the company’s stock, valued at approximately $11,350,652.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robyn M. Denholm sold 66,364 shares of the company’s stock in a transaction that occurred on Thursday, July 25th. The shares were sold at an average price of $219.96, for a total value of $14,597,425.44. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at $18,696,600. The disclosure for this sale can be found here. Company insiders own 25.10% of the company’s stock.

Tesla Trading Up 3.8 %

Shares of Tesla stock traded up $7.83 during midday trading on Friday, reaching $214.11. The company had a trading volume of 63,248,589 shares, compared to its average volume of 97,535,023. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $278.98. The stock has a fifty day moving average price of $221.38 and a 200 day moving average price of $192.64. The firm has a market cap of $684.00 billion, a PE ratio of 54.62, a P/E/G ratio of 5.52 and a beta of 2.31.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The business had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. During the same period last year, the business posted $0.78 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts anticipate that Tesla, Inc. will post 1.79 earnings per share for the current year.

Tesla Profile

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.