Asset Management One Co. Ltd. lifted its position in Tesla Inc (NASDAQ:TSLA) by 3.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 212,527 shares of the electric vehicle producer’s stock after buying an additional 6,260 shares during the quarter. Asset Management One Co. Ltd. owned about 0.13% of Tesla worth $72,477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Flagship Harbor Advisors LLC increased its position in Tesla by 0.4% during the second quarter. Flagship Harbor Advisors LLC now owns 987 shares of the electric vehicle producer’s stock worth $309,000 after acquiring an additional 4 shares during the period. Sterling Investment Advisors Ltd. increased its position in Tesla by 2.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 853 shares of the electric vehicle producer’s stock worth $308,000 after acquiring an additional 18 shares during the period. Hanson McClain Inc. increased its position in Tesla by 2.1% during the second quarter. Hanson McClain Inc. now owns 976 shares of the electric vehicle producer’s stock worth $353,000 after acquiring an additional 20 shares during the period. WASHINGTON TRUST Co increased its position in Tesla by 1.7% during the second quarter. WASHINGTON TRUST Co now owns 1,178 shares of the electric vehicle producer’s stock worth $426,000 after acquiring an additional 20 shares during the period. Finally, Essex Financial Services Inc. increased its position in Tesla by 2.4% during the second quarter. Essex Financial Services Inc. now owns 1,159 shares of the electric vehicle producer’s stock worth $419,000 after acquiring an additional 27 shares during the period. Institutional investors and hedge funds own 57.20% of the company’s stock.

Tesla Inc (NASDAQ:TSLA) opened at $313.26 on Thursday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla Inc has a 52-week low of $185.00 and a 52-week high of $389.61.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.71 EPS. sell-side analysts forecast that Tesla Inc will post -11.38 earnings per share for the current year.

In other Tesla news, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $341.69, for a total transaction of $748,301.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Eric Branderiz sold 1,736 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total transaction of $589,354.64. Following the transaction, the vice president now owns 1,736 shares in the company, valued at $589,354.64. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,188 shares of company stock worth $3,310,563. 23.10% of the stock is owned by corporate insiders.

A number of equities analysts recently issued reports on TSLA shares. Vetr raised shares of Tesla from a “hold” rating to a “buy” rating and set a $372.51 target price on the stock in a research report on Thursday, August 10th. Guggenheim reissued a “buy” rating and issued a $430.00 price target on shares of Tesla in a report on Thursday, August 10th. Robert W. Baird reissued a “buy” rating and issued a $411.00 price target on shares of Tesla in a report on Friday, September 29th. Nomura started coverage on shares of Tesla in a report on Wednesday, October 4th. They issued a “buy” rating and a $500.00 price target on the stock. Finally, Instinet started coverage on shares of Tesla in a report on Wednesday, October 4th. They issued a “buy” rating and a $500.00 price target on the stock. Twelve analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $331.56.

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About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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