Marshall Wace North America L.P. Buys Shares of 663 Tesla Inc (NASDAQ:TSLA)

Marshall Wace North America L.P. acquired a new stake in Tesla Inc (NASDAQ:TSLA) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 663 shares of the electric vehicle producer’s stock, valued at approximately $186,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hanson McClain Inc. boosted its holdings in Tesla by 3.9% in the 4th quarter. Hanson McClain Inc. now owns 994 shares of the electric vehicle producer’s stock valued at $331,000 after purchasing an additional 37 shares during the last quarter. Sage Capital Advisors llc boosted its holdings in Tesla by 57.7% in the 4th quarter. Sage Capital Advisors llc now owns 123 shares of the electric vehicle producer’s stock valued at $41,000 after purchasing an additional 45 shares during the last quarter. Captrust Financial Advisors boosted its holdings in Tesla by 1.5% in the 4th quarter. Captrust Financial Advisors now owns 3,240 shares of the electric vehicle producer’s stock valued at $1,078,000 after purchasing an additional 47 shares during the last quarter. L & S Advisors Inc boosted its holdings in Tesla by 4.8% in the 4th quarter. L & S Advisors Inc now owns 1,101 shares of the electric vehicle producer’s stock valued at $366,000 after purchasing an additional 50 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. boosted its holdings in Tesla by 5.5% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 958 shares of the electric vehicle producer’s stock valued at $268,000 after purchasing an additional 50 shares during the last quarter. 55.77% of the stock is owned by institutional investors.

Several equities analysts have weighed in on TSLA shares. Piper Jaffray Companies set a $10.00 target price on shares of Mammoth Energy Services and gave the company a “buy” rating in a report on Friday, June 7th. Canaccord Genuity set a $394.00 target price on shares of Tesla and gave the company a “buy” rating in a report on Wednesday, July 3rd. Sanford C. Bernstein set a €18.00 ($20.93) price target on shares of Carrefour and gave the company a “neutral” rating in a research note on Thursday, April 25th. Goldman Sachs Group set a €43.00 ($50.00) price target on shares of Kion Group and gave the company a “sell” rating in a research note on Wednesday, July 3rd. Finally, Barclays boosted their price target on shares of from $65.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday. Seventeen research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $281.97.

Shares of NASDAQ:TSLA traded up $4.64 during trading hours on Friday, reaching $258.18. The stock had a trading volume of 7,026,874 shares, compared to its average volume of 7,610,156. Tesla Inc has a 1 year low of $176.99 and a 1 year high of $387.46. The business’s 50 day moving average is $222.41. The company has a quick ratio of 0.42, a current ratio of 0.83 and a debt-to-equity ratio of 1.79. The stock has a market cap of $44.05 billion, a PE ratio of -45.14 and a beta of 0.62.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, April 24th. The electric vehicle producer reported ($4.10) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.51) by ($1.59). Tesla had a negative net margin of 4.29% and a negative return on equity of 18.23%. The firm had revenue of $4.54 billion during the quarter, compared to analysts’ expectations of $5.18 billion. During the same period in the prior year, the company posted ($3.35) earnings per share. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. Equities research analysts anticipate that Tesla Inc will post -4.57 earnings per share for the current fiscal year.

In other news, Director Antonio J. Gracias sold 33,766 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $180.35, for a total value of $6,089,698.10. Following the completion of the transaction, the director now owns 14,232 shares in the company, valued at approximately $2,566,741.20. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Brad W. Buss sold 38,540 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $228.37, for a total transaction of $8,801,379.80. Following the sale, the director now owns 34,874 shares of the company’s stock, valued at approximately $7,964,175.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 117,456 shares of company stock valued at $24,716,630. Company insiders own 24.40% of the company’s stock.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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