GenTrust LLC acquired a new stake in Tesla Inc. (NASDAQ:TSLA) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,030 shares of the electric vehicle producer’s stock, valued at approximately $734,000.

Several other institutional investors also recently modified their holdings of TSLA. FMR LLC raised its position in shares of Tesla by 10.9% in the first quarter. FMR LLC now owns 24,450,435 shares of the electric vehicle producer’s stock valued at $6,804,556,000 after buying an additional 2,400,034 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Tesla by 117.7% in the first quarter. Renaissance Technologies LLC now owns 677,792 shares of the electric vehicle producer’s stock valued at $188,630,000 after buying an additional 366,400 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of Tesla by 2.5% in the first quarter. Baillie Gifford & Co. now owns 13,625,678 shares of the electric vehicle producer’s stock valued at $3,792,025,000 after buying an additional 336,130 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Tesla by 5.0% in the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock valued at $1,651,654,000 after buying an additional 280,941 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Tesla by 7.6% in the first quarter. Jennison Associates LLC now owns 2,869,480 shares of the electric vehicle producer’s stock valued at $798,576,000 after buying an additional 203,034 shares in the last quarter. Hedge funds and other institutional investors own 63.71% of the company’s stock.

Shares of Tesla Inc. (TSLA) opened at 365.22 on Wednesday. The stock has a 50 day moving average of $346.20 and a 200 day moving average of $302.00. The firm’s market cap is $60.34 billion. Tesla Inc. has a 1-year low of $178.19 and a 1-year high of $386.99.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.00) by $0.67. The company had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The company’s revenue for the quarter was up 119.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.06) earnings per share. Equities research analysts anticipate that Tesla Inc. will post ($6.23) earnings per share for the current fiscal year.

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Several equities analysts have recently commented on TSLA shares. J P Morgan Chase & Co upped their price objective on shares of Tesla from $185.00 to $190.00 and gave the stock an “underweight” rating in a report on Monday, May 8th. Goldman Sachs Group, Inc. (The) set a $190.00 price objective on shares of Tesla and gave the stock a “sell” rating in a report on Monday, May 15th. Guggenheim upped their price objective on shares of Tesla from $320.00 to $380.00 and gave the stock a “buy” rating in a report on Monday, May 15th. Morgan Stanley lowered shares of Tesla from an “overweight” rating to an “equal weight” rating and set a $305.00 price objective on the stock. in a report on Monday, May 15th. Finally, Cowen and Company restated an “underperform” rating and issued a $155.00 price objective on shares of Tesla in a report on Monday, May 1st. Seven equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and fifteen have issued a buy rating to the company. Tesla currently has a consensus rating of “Hold” and an average price target of $309.29.

In related news, Director Kimbal Musk sold 4,690 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $367.68, for a total value of $1,724,419.20. Following the completion of the sale, the director now owns 166,164 shares of the company’s stock, valued at $61,095,179.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 23.10% of the company’s stock.

Tesla Company Profile

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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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