World Investment Advisors LLC Grows Position in Tesla, Inc. (NASDAQ:TSLA)

World Investment Advisors LLC raised its position in Tesla, Inc. (NASDAQ:TSLA) by 1,248.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 199,229 shares of the electric vehicle producer’s stock after purchasing an additional 184,459 shares during the period. World Investment Advisors LLC’s holdings in Tesla were worth $52,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of TSLA. Vinva Investment Management Ltd increased its position in Tesla by 59.2% in the 3rd quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer’s stock valued at $30,593,000 after acquiring an additional 43,685 shares during the period. Oppenheimer & Co. Inc. grew its stake in shares of Tesla by 1.2% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer’s stock valued at $37,801,000 after purchasing an additional 1,741 shares during the last quarter. Tyler Stone Wealth Management increased its holdings in shares of Tesla by 109.6% in the third quarter. Tyler Stone Wealth Management now owns 9,425 shares of the electric vehicle producer’s stock valued at $2,466,000 after purchasing an additional 4,929 shares during the period. Fred Alger Management LLC raised its stake in shares of Tesla by 187.0% during the third quarter. Fred Alger Management LLC now owns 725,282 shares of the electric vehicle producer’s stock worth $189,756,000 after purchasing an additional 472,565 shares during the last quarter. Finally, Savvy Advisors Inc. lifted its holdings in shares of Tesla by 24.2% during the third quarter. Savvy Advisors Inc. now owns 7,527 shares of the electric vehicle producer’s stock worth $1,969,000 after purchasing an additional 1,467 shares during the period. 66.20% of the stock is owned by institutional investors and hedge funds.

Tesla Trading Up 5.3 %

Shares of TSLA opened at $389.22 on Friday. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $389.49. The company has a market capitalization of $1.25 trillion, a PE ratio of 106.64, a price-to-earnings-growth ratio of 11.62 and a beta of 2.36. The stock has a fifty day moving average of $282.96 and a two-hundred day moving average of $236.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84.

Tesla (NASDAQ:TSLA) last released 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. The firm had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. As a group, analysts forecast that Tesla, Inc. will post 1.99 EPS for the current year.

Insider Buying and Selling

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $352.54, for a total value of $35,254,000.00. Following the transaction, the director now directly owns 5,400 shares of the company’s stock, valued at $1,903,716. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kimbal Musk sold 60,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction 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. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 520,280 shares of company stock valued at $170,418,640. Insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on TSLA. Guggenheim upped their price objective on shares of Tesla from $156.00 to $175.00 and gave the stock a “sell” rating in a research report on Thursday. Morgan Stanley reissued an “overweight” rating and set a $310.00 price target on shares of Tesla in a report on Thursday, October 3rd. JPMorgan Chase & Co. lifted their price objective on Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a report on Thursday, October 24th. Canaccord Genuity Group boosted their target price on Tesla from $254.00 to $278.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Tuesday, October 8th. Nine analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $245.84.

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.