Healthcare of Ontario Pension Plan Trust Fund Acquires 658,899 Shares of Tesla, Inc. $TSLA

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 55.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,849,918 shares of the electric vehicle producer’s stock after buying an additional 658,899 shares during the quarter. Tesla comprises approximately 1.1% of Healthcare of Ontario Pension Plan Trust Fund’s portfolio, making the stock its 14th largest holding. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Tesla were worth $687,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PFS Partners LLC raised its stake in shares of Tesla by 4.2% in the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after acquiring an additional 24 shares during the last quarter. Woodmont Investment Counsel LLC grew its stake in shares of Tesla by 1.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after purchasing an additional 25 shares during the last quarter. Aspect Partners LLC grew its stake in shares of Tesla by 12.5% during the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after purchasing an additional 25 shares during the last quarter. Human Investing LLC raised its position in Tesla by 4.5% in the 4th quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock worth $260,000 after purchasing an additional 25 shares during the last quarter. Finally, SilverOak Wealth Management LLC raised its position in Tesla by 2.3% in the 4th quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock worth $502,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of a number of recent research reports. Robert W. Baird decreased their price objective on Tesla from $538.00 to $522.00 and set an “outperform” rating on the stock in a research report on Friday, April 24th. UBS Group set a $460.00 price target on Tesla in a report on Thursday. William Blair reiterated a “market perform” rating on shares of Tesla in a research report on Thursday, July 2nd. HSBC restated a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Tesla in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $404.95.

Check Out Our Latest Stock Analysis on Tesla

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $450.00, for a total value of $1,350,000.00. Following the completion of the sale, the chief financial officer owned 18,106 shares of the company’s stock, valued at approximately $8,147,700. This represents a 14.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Kathleen Wilson-Thompson sold 26,409 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were sold at an average price of $378.11, for a total value of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company’s stock, valued at $18,300,145.89. This represents a 35.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 32,015 shares of company stock valued at $12,383,640. Corporate insiders own 19.90% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Tesla Trading Down 2.1%

NASDAQ:TSLA opened at $313.03 on Friday. The company has a current ratio of 1.94, a quick ratio of 1.62 and a debt-to-equity ratio of 0.09. Tesla, Inc. has a 1-year low of $297.82 and a 1-year high of $498.83. The firm has a market capitalization of $1.18 trillion, a price-to-earnings ratio of 289.85, a PEG ratio of 10.73 and a beta of 1.80. The business’s 50-day moving average price is $400.74 and its two-hundred day moving average price is $402.53.

Tesla (NASDAQ:TSLAGet Free Report) last posted its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.17). The company had revenue of $28.24 billion for the quarter, compared to analyst estimates of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla’s quarterly revenue was up 25.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, equities analysts expect that Tesla, Inc. will post 1.34 earnings per share for the current year.

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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