TB Alternative Assets Ltd. boosted its stake in Tesla Inc (NASDAQ:TSLA) by 131.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 25,700 shares of the electric vehicle producer’s stock after acquiring an additional 14,600 shares during the period. Tesla comprises approximately 3.0% of TB Alternative Assets Ltd.’s investment portfolio, making the stock its 7th largest position. TB Alternative Assets Ltd.’s holdings in Tesla were worth $8,002,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Janus Henderson Group PLC grew its position in Tesla by 126.6% in the 3rd quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock valued at $186,601,000 after acquiring an additional 305,596 shares in the last quarter. Whale Rock Capital Management LLC acquired a new position in Tesla in the 2nd quarter valued at about $66,601,000. Ariose Capital Management Ltd acquired a new position in Tesla in the 3rd quarter valued at about $30,733,000. Lord Abbett & CO. LLC grew its position in Tesla by 78.9% in the 2nd quarter. Lord Abbett & CO. LLC now owns 152,146 shares of the electric vehicle producer’s stock valued at $55,018,000 after acquiring an additional 67,120 shares in the last quarter. Finally, APG Asset Management N.V. grew its position in Tesla by 43.4% in the 4th quarter. APG Asset Management N.V. now owns 213,861 shares of the electric vehicle producer’s stock valued at $55,451,000 after acquiring an additional 64,712 shares in the last quarter. Hedge funds and other institutional investors own 57.13% of the company’s stock.

Tesla Inc (NASDAQ:TSLA) opened at $345.89 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. The stock has a market capitalization of $59,292.50, a P/E ratio of -40.41 and a beta of 0.95. Tesla Inc has a fifty-two week low of $242.01 and a fifty-two week high of $389.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.09) by $0.17. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.71 earnings per share. equities analysts anticipate that Tesla Inc will post -11.38 EPS for the current fiscal year.

Several equities analysts have weighed in on the company. Zacks Investment Research downgraded Tesla from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $320.97 target price for the company in a research report on Friday, October 13th. Barclays reaffirmed a “sell” rating on shares of Tesla in a research report on Sunday, October 15th. Oppenheimer reaffirmed a “hold” rating on shares of Tesla in a research report on Monday, October 16th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $430.00 target price on shares of Tesla in a research report on Friday, October 6th. Twelve equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $329.48.

In related news, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $330.29, for a total value of $723,335.10. Following the completion of the transaction, the director now directly owns 154,419 shares of the company’s stock, valued at $51,003,051.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP John Douglas Field sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $334.87, for a total value of $334,870.00. Following the completion of the transaction, the vice president now directly owns 20,128 shares of the company’s stock, valued at $6,740,263.36. The disclosure for this sale can be found here. Insiders sold 13,956 shares of company stock valued at $4,437,518 over the last ninety days. 23.10% of the stock is currently owned by corporate insiders.

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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