Tesla, Inc. (NASDAQ:TSLA) Shares Bought by World Investment Advisors LLC

World Investment Advisors LLC grew its holdings in Tesla, Inc. (NASDAQ:TSLA) by 43.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,219 shares of the electric vehicle producer’s stock after acquiring an additional 6,449 shares during the quarter. World Investment Advisors LLC’s holdings in Tesla were worth $5,552,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Old Port Advisors acquired a new stake in shares of Tesla during the second quarter worth $236,000. Wheelhouse Advisory Group LLC increased its holdings in shares of Tesla by 1.9% in the second quarter. Wheelhouse Advisory Group LLC now owns 4,282 shares of the electric vehicle producer’s stock valued at $847,000 after purchasing an additional 78 shares during the period. Blue Trust Inc. raised its stake in shares of Tesla by 20.2% in the second quarter. Blue Trust Inc. now owns 19,947 shares of the electric vehicle producer’s stock worth $3,947,000 after purchasing an additional 3,356 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Tesla by 20.4% during the second quarter. Brookstone Capital Management now owns 141,287 shares of the electric vehicle producer’s stock worth $27,958,000 after purchasing an additional 23,903 shares during the period. Finally, Insight Wealth Partners LLC purchased a new stake in Tesla in the second quarter valued at approximately $272,000. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on TSLA shares. Roth Mkm upgraded shares of Tesla from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $85.00 to $380.00 in a research note on Monday, December 2nd. Cantor Fitzgerald boosted their target price on shares of Tesla from $255.00 to $365.00 and gave the company a “neutral” rating in a research report on Tuesday. Oppenheimer reaffirmed a “market perform” rating on shares of Tesla in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft upped their target price on Tesla from $295.00 to $370.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group lifted their price target on Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Nine research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $257.36.

Insider Activity at Tesla

In related news, CFO Vaibhav Taneja sold 2,606 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $374.21, for a total transaction of $975,191.26. Following the completion of the transaction, the chief financial officer now directly owns 108,965 shares in the company, valued at $40,775,792.65. This trade represents a 2.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the sale, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 522,886 shares of company stock worth $171,393,831. Insiders own 20.70% of the company’s stock.

Tesla Price Performance

Tesla stock opened at $418.10 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. The stock has a market cap of $1.34 trillion, a P/E ratio of 114.55, a PEG ratio of 10.52 and a beta of 2.36. The company has a 50-day moving average price of $298.02 and a 200 day moving average price of $244.72. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $429.30.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion for the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 EPS. Sell-side analysts anticipate that Tesla, Inc. will post 1.99 earnings per share for the current year.

About Tesla

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.