Nomura Asset Management Co. Ltd. raised its position in shares of Tesla Inc (NASDAQ:TSLA) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,137 shares of the electric vehicle producer’s stock after purchasing an additional 568 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Tesla were worth $5,845,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Korea Investment CORP increased its stake in shares of Tesla by 2,631.8% in the second quarter. Korea Investment CORP now owns 13,495 shares of the electric vehicle producer’s stock worth $4,880,000 after acquiring an additional 13,001 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Tesla in the second quarter worth $341,000. Wetherby Asset Management Inc. increased its stake in shares of Tesla by 6.0% in the second quarter. Wetherby Asset Management Inc. now owns 2,345 shares of the electric vehicle producer’s stock worth $848,000 after acquiring an additional 132 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Tesla by 9.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 216,190 shares of the electric vehicle producer’s stock worth $78,177,000 after acquiring an additional 18,848 shares during the last quarter. Finally, National Planning Corp increased its stake in shares of Tesla by 11.1% in the second quarter. National Planning Corp now owns 3,919 shares of the electric vehicle producer’s stock worth $1,382,000 after acquiring an additional 390 shares during the last quarter. 57.20% of the stock is currently owned by institutional investors.

Shares of Tesla Inc (TSLA) opened at $311.24 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66. Tesla Inc has a fifty-two week low of $189.54 and a fifty-two week high of $389.61.

Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the company earned $0.71 earnings per share. The firm’s revenue was up 29.9% on a year-over-year basis. research analysts expect that Tesla Inc will post -11.38 earnings per share for the current fiscal year.

In related news, VP John Douglas Field sold 600 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the sale, the vice president now owns 21,424 shares in the company, valued at $6,461,478.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Eric Branderiz sold 1,229 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $312.61, for a total transaction of $384,197.69. Following the completion of the sale, the vice president now owns 4,808 shares of the company’s stock, valued at approximately $1,503,028.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,417 shares of company stock valued at $3,694,761. 23.10% of the stock is owned by corporate insiders.

TSLA has been the topic of a number of research reports. Jefferies Group downgraded shares of Tesla from an “in-line” rating to an “underperform” rating and dropped their price target for the stock from $312.00 to $240.00 in a research note on Friday, October 27th. Nomura reissued a “buy” rating and set a $500.00 target price on shares of Tesla in a research report on Tuesday, October 31st. Cann downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research report on Tuesday. Vetr downgraded shares of Tesla from a “sell” rating to a “strong sell” rating and set a $292.39 target price on the stock. in a research report on Monday, October 23rd. Finally, KeyCorp reissued a “hold” rating on shares of Tesla in a research report on Friday, November 10th. Twelve equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $331.56.

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About Tesla

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.

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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