International Assets Investment Management LLC Boosts Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

International Assets Investment Management LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 5.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,963 shares of the electric vehicle producer’s stock after buying an additional 1,189 shares during the period. International Assets Investment Management LLC’s holdings in Tesla were worth $6,203,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in TSLA. Vanguard Group Inc. lifted its position in Tesla by 1.6% in the third quarter. Vanguard Group Inc. now owns 225,940,011 shares of the electric vehicle producer’s stock valued at $56,534,710,000 after buying an additional 3,453,078 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Tesla by 34.0% in the 3rd quarter. California Public Employees Retirement System now owns 9,032,207 shares of the electric vehicle producer’s stock valued at $2,260,039,000 after purchasing an additional 2,293,344 shares during the last quarter. Morgan Stanley grew its stake in Tesla by 7.8% during the 3rd quarter. Morgan Stanley now owns 30,160,747 shares of the electric vehicle producer’s stock worth $7,546,823,000 after buying an additional 2,177,397 shares during the last quarter. Northern Trust Corp grew its position in shares of Tesla by 3.4% during the third quarter. Northern Trust Corp now owns 27,542,824 shares of the electric vehicle producer’s stock worth $6,891,765,000 after acquiring an additional 909,170 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Tesla by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 14,697,074 shares of the electric vehicle producer’s stock worth $3,677,502,000 after purchasing an additional 496,299 shares during the period. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Stock Down 3.8 %

Shares of Tesla stock opened at $177.81 on Wednesday. The company has a market capitalization of $567.07 billion, a PE ratio of 45.36, a P/E/G ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $299.29. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The business has a 50-day moving average of $173.12 and a 200-day moving average of $204.32.

Insider Buying and Selling at Tesla

In related news, Director Robyn M. Denholm sold 93,705 shares of Tesla stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $175.44, for a total value of $16,439,605.20. Following the completion of the sale, the director now owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Tesla news, Director Robyn M. Denholm sold 93,705 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $175.44, for a total transaction of $16,439,605.20. Following the sale, the director now owns 15,000 shares in the company, valued at $2,631,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Xiaotong Zhu sold 687 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $177.11, for a total value of $121,674.57. Following the transaction, the senior vice president now directly owns 63,171 shares in the company, valued at approximately $11,188,215.81. The disclosure for this sale can be found here. Insiders have sold a total of 302,803 shares of company stock valued at $56,124,840 in the last three months. Corporate insiders own 20.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on TSLA. TD Cowen reduced their price objective on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Canaccord Genuity Group cut their price target on shares of Tesla from $234.00 to $222.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Piper Sandler reiterated an “overweight” rating and set a $205.00 target price on shares of Tesla in a research report on Monday, April 22nd. Robert W. Baird reissued an “outperform” rating and issued a $280.00 price target on shares of Tesla in a report on Wednesday, April 17th. Finally, Morgan Stanley cut their price objective on Tesla from $320.00 to $310.00 and set an “overweight” rating for the company in a research report on Thursday, April 4th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Tesla presently has an average rating of “Hold” and an average price target of $185.90.

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.