Arjuna Capital Has $4.18 Million Holdings in Tesla, Inc. (NASDAQ:TSLA)

Arjuna Capital lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 7.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,713 shares of the electric vehicle producer’s stock after purchasing an additional 1,155 shares during the period. Tesla makes up about 1.5% of Arjuna Capital’s investment portfolio, making the stock its 17th biggest position. Arjuna Capital’s holdings in Tesla were worth $4,182,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of TSLA. MidWestOne Financial Group Inc. grew its holdings in Tesla by 3.3% during the 1st quarter. MidWestOne Financial Group Inc. now owns 472 shares of the electric vehicle producer’s stock worth $509,000 after acquiring an additional 15 shares during the last quarter. Meritage Portfolio Management grew its holdings in Tesla by 2.8% during the 2nd quarter. Meritage Portfolio Management now owns 1,478 shares of the electric vehicle producer’s stock worth $387,000 after acquiring an additional 40 shares during the last quarter. Legacy Financial Group Inc. grew its holdings in Tesla by 3.1% during the 2nd quarter. Legacy Financial Group Inc. now owns 1,348 shares of the electric vehicle producer’s stock worth $353,000 after acquiring an additional 40 shares during the last quarter. City State Bank grew its holdings in Tesla by 3.3% during the 3rd quarter. City State Bank now owns 1,260 shares of the electric vehicle producer’s stock worth $315,000 after acquiring an additional 40 shares during the last quarter. Finally, Arbor Investment Advisors LLC grew its holdings in Tesla by 1.0% during the 2nd quarter. Arbor Investment Advisors LLC now owns 3,947 shares of the electric vehicle producer’s stock worth $1,033,000 after acquiring an additional 41 shares during the last quarter. 41.87% of the stock is currently owned by institutional investors and hedge funds.

Tesla Price Performance

Shares of Tesla stock traded up $0.53 during trading on Monday, hitting $194.10. The stock had a trading volume of 16,885,841 shares, compared to its average volume of 106,719,727. The firm has a market cap of $618.17 billion, a price-to-earnings ratio of 44.91, a P/E/G ratio of 3.25 and a beta of 2.43. Tesla, Inc. has a 12 month low of $152.37 and a 12 month high of $299.29. The business’s 50-day moving average is $225.52 and its 200 day moving average is $236.10. The company has a current ratio of 1.73, a quick ratio of 1.25 and a debt-to-equity ratio of 0.05.

Tesla (NASDAQ:TSLAGet Free Report) last released its earnings results on Wednesday, January 24th. The electric vehicle producer reported $0.71 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.03). The firm had revenue of $25.17 billion during the quarter, compared to the consensus estimate of $25.64 billion. Tesla had a net margin of 15.50% and a return on equity of 16.62%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.07 EPS. As a group, sell-side analysts anticipate that Tesla, Inc. will post 2.66 earnings per share for the current year.

Insider Activity

In other news, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the transaction, the chief financial officer now directly owns 104,716 shares of the company’s stock, valued at $26,179,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP Xiaotong Zhu sold 1,049 shares of the stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $244.34, for a total transaction of $256,312.66. Following the completion of the sale, the senior vice president now directly owns 61,124 shares in the company, valued at $14,935,038.16. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 104,716 shares of the company’s stock, valued at $26,179,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,222 shares of company stock valued at $2,298,583. 20.90% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on TSLA shares. Guggenheim boosted their target price on shares of Tesla from $125.00 to $132.00 and gave the stock a “sell” rating in a report on Friday, December 15th. StockNews.com lowered Tesla from a “hold” rating to a “sell” rating in a report on Monday, October 23rd. TD Cowen decreased their price objective on Tesla from $200.00 to $180.00 and set a “market perform” rating for the company in a report on Thursday, January 25th. Jefferies Financial Group cut their target price on Tesla from $225.00 to $185.00 and set a “hold” rating on the stock in a research note on Monday, January 29th. Finally, Robert W. Baird restated an “outperform” rating and issued a $300.00 target price on shares of Tesla in a research note on Thursday, January 25th. Nine analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus target price of $219.89.

Get Our Latest Stock Report on TSLA

Tesla Profile

(Free Report)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. It 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, retail merchandise, and vehicle insurance services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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