Healthcare of Ontario Pension Plan Trust Fund Has $114.17 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Healthcare of Ontario Pension Plan Trust Fund lowered its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 79.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436,370 shares of the electric vehicle producer’s stock after selling 1,667,640 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Tesla were worth $114,167,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of TSLA. International Assets Investment Management LLC boosted its stake in shares of Tesla by 35,611.2% during the 3rd quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer’s stock valued at $2,892,160,000 after buying an additional 11,023,436 shares during the period. Clean Energy Transition LLP raised its holdings in shares of Tesla by 347.7% during the 2nd quarter. Clean Energy Transition LLP now owns 4,818,600 shares of the electric vehicle producer’s stock valued at $953,505,000 after purchasing an additional 6,764,300 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Tesla by 21,816.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer’s stock valued at $1,167,970,000 after purchasing an additional 5,875,484 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Tesla by 11.9% during the 3rd quarter. Jennison Associates LLC now owns 12,201,212 shares of the electric vehicle producer’s stock valued at $3,192,203,000 after purchasing an additional 1,294,093 shares in the last quarter. Finally, Swedbank AB bought a new position in shares of Tesla during the 1st quarter valued at $187,775,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the transaction, the director now directly owns 85,000 shares of the company’s stock, valued at approximately $26,727,400. The trade was a 56.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares of the company’s stock, valued at approximately $36,761,200. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 301,187 shares of company stock worth $92,956,692 over the last ninety days. Corporate insiders own 20.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on TSLA shares. Jefferies Financial Group raised their price target on shares of Tesla from $195.00 to $300.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $295.00 price target on shares of Tesla in a report on Tuesday, September 10th. UBS Group raised their price target on shares of Tesla from $197.00 to $226.00 and gave the company a “sell” rating in a report on Monday. Morgan Stanley reiterated an “overweight” rating and issued a $310.00 target price on shares of Tesla in a report on Thursday, October 3rd. Finally, Roth Mkm reiterated a “neutral” rating and issued a $85.00 target price on shares of Tesla in a report on Friday, October 11th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $231.06.

Tesla Price Performance

Shares of Tesla stock opened at $338.23 on Wednesday. The firm has a market cap of $1.09 trillion, a P/E ratio of 92.67, a price-to-earnings-growth ratio of 11.00 and a beta of 2.29. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $361.93. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The firm’s 50-day simple moving average is $268.52 and its 200-day simple moving average is $229.16.

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 analysts’ consensus estimates 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 company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. As a group, research analysts expect that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

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.