Tesla Inc. Position Lifted by Candriam Luxembourg S.C.A.

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Tesla Inc. Position Lifted by Candriam Luxembourg S.C.A.


Candriam Luxembourg S.C.A. boosted its holdings in Tesla Inc. (NASDAQ:TSLA) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,428 shares of the electric vehicle producer’s stock after buying an additional 1,334 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Tesla were worth $14,813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pittenger & Anderson Inc. grew its holdings in shares of Tesla by 20.0% during the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after purchasing an additional 50 shares in the last quarter. Winfield Associates Inc. boosted its stake in Tesla by 85.2% in the second quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock worth $118,000 after purchasing an additional 150 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Tesla by 2.8% in the second quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after purchasing an additional 9 shares in the last quarter. Carroll Financial Associates Inc. boosted its stake in Tesla by 8.7% in the second quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock worth $126,000 after purchasing an additional 28 shares in the last quarter. Finally, Cornerstone Advisors Inc. boosted its stake in Tesla by 2.3% in the second quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock worth $145,000 after purchasing an additional 9 shares in the last quarter. 56.52% of the stock is currently owned by institutional investors.

In other Tesla news, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $355.20, for a total value of $777,888.00. Following the sale, the director now owns 158,584 shares of the company’s stock, valued at approximately $56,329,036.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Stephen T. Jurvetson sold 44,777 shares of the firm’s stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $340.36, for a total value of $15,240,299.72. Following the sale, the director now directly owns 36,111 shares in the company, valued at approximately $12,290,739.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,782 shares of company stock worth $18,294,800. Company insiders own 23.10% of the company’s stock.

TSLA has been the topic of a number of recent analyst reports. Goldman Sachs Group, Inc. (The) boosted their price objective on Tesla from $180.00 to $190.00 in a research note on Friday, August 4th. Berenberg Bank reissued a “buy” rating on shares of Tesla in a research note on Thursday, August 3rd. Vetr lowered Tesla from a “strong-buy” rating to a “buy” rating and set a $371.27 price objective on the stock. in a research note on Monday, July 24th. Argus upgraded Tesla from a “hold” rating to a “buy” rating and boosted their target price for the stock from $355.17 to $444.00 in a research report on Tuesday, August 8th. Finally, Guggenheim restated a “buy” rating and set a $430.00 target price on shares of Tesla in a research report on Thursday, August 10th. Ten analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $330.44.

Tesla Inc. (TSLA) remained flat at $$302.99 during trading on Friday. The company’s stock had a trading volume of 4,600,097 shares, compared to its average volume of 6,349,956. Tesla Inc. has a 12 month low of $178.19 and a 12 month high of $389.61. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.60 and a current ratio of 1.09.

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

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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