Tesla Inc (TSLA) Shares Bought by Swiss National Bank
Swiss National Bank grew its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 1.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 492,485 shares of the electric vehicle producer’s stock after acquiring an additional 8,100 shares during the quarter. Swiss National Bank’s holdings in Tesla were worth $153,335,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of TSLA. Ark Investment Management LLC increased its stake in shares of Tesla by 67.0% during the second quarter. Ark Investment Management LLC now owns 37,836 shares of the electric vehicle producer’s stock valued at $13,682,000 after buying an additional 15,186 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Tesla by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 100,312 shares of the electric vehicle producer’s stock valued at $36,274,000 after buying an additional 1,522 shares during the period. QS Investors LLC increased its stake in shares of Tesla by 46.4% during the second quarter. QS Investors LLC now owns 625 shares of the electric vehicle producer’s stock valued at $226,000 after buying an additional 198 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Tesla by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 6,203 shares of the electric vehicle producer’s stock valued at $2,244,000 after buying an additional 388 shares during the period. Finally, Bank of Nova Scotia purchased a new position in shares of Tesla during the second quarter valued at approximately $796,000. 57.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Tesla Inc (NASDAQ TSLA) opened at $310.42 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla Inc has a 1-year low of $242.01 and a 1-year high of $389.61. The company has a market capitalization of $52,419.70, a price-to-earnings ratio of -26.33 and a beta of 0.97.
In other Tesla news, VP Eric Branderiz sold 801 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $354.58, for a total value of $284,018.58. Following the sale, the vice president now directly owns 1,287 shares of the company’s stock, valued at $456,344.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 4,065 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the completion of the sale, the director now directly owns 154,589 shares in the company, valued at $48,244,135.12. The disclosure for this sale can be found here. Insiders sold 10,231 shares of company stock worth $3,292,431 over the last three months. Corporate insiders own 23.10% of the company’s stock.
Several research firms have recently issued reports on TSLA. Vetr raised Tesla from a “hold” rating to a “buy” rating and set a $339.63 target price on the stock in a research note on Monday. UBS Group set a $195.00 target price on Tesla and gave the company a “sell” rating in a research note on Friday. ValuEngine raised Tesla from a “sell” rating to a “hold” rating in a research note on Thursday. Sanford C. Bernstein set a $265.00 price target on Tesla and gave the stock a “neutral” rating in a research note on Thursday. Finally, Dougherty & Co upped their price target on Tesla from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Thursday. Twelve analysts have rated the stock with a sell rating, twelve have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Tesla currently has an average rating of “Hold” and an average target price of $322.45.
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Tesla Company Profile
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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