Fullerton Fund Management Co Ltd. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLA – Get Rating) by 127.8% during the fourth quarter, HoldingsChannel reports. The fund owned 28,060 shares of the electric vehicle producer’s stock after acquiring an additional 15,742 shares during the quarter. Tesla comprises 1.5% of Fullerton Fund Management Co Ltd.’s holdings, making the stock its 23rd biggest position. Fullerton Fund Management Co Ltd.’s holdings in Tesla were worth $29,653,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of TSLA. Paragon Capital Management Ltd acquired a new position in shares of Tesla during the fourth quarter worth about $25,000. AllSquare Wealth Management LLC increased its stake in shares of Tesla by 766.7% during the fourth quarter. AllSquare Wealth Management LLC now owns 26 shares of the electric vehicle producer’s stock worth $27,000 after acquiring an additional 23 shares during the period. Northwest Investment Counselors LLC acquired a new position in shares of Tesla during the fourth quarter worth about $31,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Tesla during the fourth quarter worth about $32,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in shares of Tesla during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 40.64% of the company’s stock.
Several research analysts have weighed in on TSLA shares. Exane BNP Paribas lowered their target price on shares of Tesla from $700.00 to $600.00 and set an “underperform” rating on the stock in a research report on Wednesday. Daiwa Capital Markets upgraded shares of Tesla from a “neutral” rating to an “outperform” rating and lowered their target price for the stock from $980.00 to $900.00 in a research report on Friday, February 25th. TheStreet upgraded shares of Tesla from a “c+” rating to a “b-” rating in a research report on Wednesday, April 27th. Barclays set a $325.00 target price on shares of Tesla in a research report on Thursday, January 27th. Finally, Canaccord Genuity Group upped their target price on shares of Tesla from $1,040.00 to $1,200.00 in a research report on Friday, January 28th. Eight analysts have rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $920.78.
TSLA stock traded down $45.52 on Friday, hitting $663.90. 48,195,230 shares of the company were exchanged, compared to its average volume of 30,001,820. Tesla, Inc. has a twelve month low of $571.22 and a twelve month high of $1,243.49. The business’s fifty day moving average is $929.01 and its two-hundred day moving average is $965.79. The stock has a market capitalization of $687.81 billion, a price-to-earnings ratio of 90.08, a price-to-earnings-growth ratio of 2.27 and a beta of 2.11. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.35 and a quick ratio of 1.04.
Tesla (NASDAQ:TSLA – Get Rating) last released its quarterly earnings data on Wednesday, April 20th. The electric vehicle producer reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $1.22. Tesla had a net margin of 13.51% and a return on equity of 28.11%. The company had revenue of $18.76 billion during the quarter, compared to analyst estimates of $17.84 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 80.5% compared to the same quarter last year. Equities research analysts expect that Tesla, Inc. will post 10.39 earnings per share for the current year.
About Tesla (Get Rating)
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.
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