Tesla, Inc. $TSLA Shares Bought by Lazard Asset Management LLC

Lazard Asset Management LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 12.9% in the 1st quarter, Holdings Channel reports. The fund owned 511,170 shares of the electric vehicle producer’s stock after buying an additional 58,461 shares during the period. Lazard Asset Management LLC’s holdings in Tesla were worth $190,027,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of TSLA. PFS Partners LLC boosted its holdings in Tesla by 4.2% during the fourth quarter. PFS Partners LLC now owns 590 shares of the electric vehicle producer’s stock worth $265,000 after buying an additional 24 shares in the last quarter. Woodmont Investment Counsel LLC increased its holdings in Tesla by 1.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 2,124 shares of the electric vehicle producer’s stock valued at $955,000 after buying an additional 25 shares in the last quarter. Aspect Partners LLC increased its holdings in Tesla by 12.5% in the fourth quarter. Aspect Partners LLC now owns 225 shares of the electric vehicle producer’s stock valued at $101,000 after buying an additional 25 shares in the last quarter. Human Investing LLC raised its position in shares of Tesla by 4.5% in the fourth quarter. Human Investing LLC now owns 578 shares of the electric vehicle producer’s stock worth $260,000 after acquiring an additional 25 shares during the period. Finally, SilverOak Wealth Management LLC boosted its stake in shares of Tesla by 2.3% during the 4th quarter. SilverOak Wealth Management LLC now owns 1,117 shares of the electric vehicle producer’s stock worth $502,000 after acquiring an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $313.03 on Monday. Tesla, Inc. has a 52-week low of $297.82 and a 52-week high of $498.83. The stock has a market cap of $1.24 trillion, a P/E ratio of 289.85, a PEG ratio of 10.80 and a beta of 1.80. The business has a fifty day moving average of $400.74 and a two-hundred day moving average of $402.19. The company has a quick ratio of 1.55, a current ratio of 1.94 and a debt-to-equity ratio of 0.09.

Tesla (NASDAQ:TSLAGet Free Report) last issued its earnings results on Wednesday, July 22nd. The electric vehicle producer reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.17). The firm had revenue of $28.24 billion for the quarter, compared to analysts’ expectations of $26.42 billion. Tesla had a return on equity of 3.82% and a net margin of 3.67%.Tesla’s revenue for the quarter was up 25.5% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share. On average, research analysts expect that Tesla, Inc. will post 1.33 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the topic of a number of recent analyst reports. HSBC reiterated a “hold” rating on shares of Tesla in a research report on Monday, June 15th. Canaccord Genuity Group set a $410.00 target price on Tesla and gave the stock a “buy” rating in a research note on Thursday. Jefferies Financial Group set a $400.00 target price on Tesla and gave the company a “hold” rating in a research report on Monday, July 13th. BTIG Research lowered shares of Tesla to a “neutral” rating in a report on Friday, June 5th. Finally, William Blair reaffirmed a “market perform” rating on shares of Tesla in a report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $404.95.

Read Our Latest Analysis on Tesla

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,606 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $402.20, for a total value of $1,048,133.20. Following the transaction, the chief financial officer owned 22,039 shares of the company’s stock, valued at $8,864,085.80. This represents a 10.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $378.11, for a total value of $9,985,506.99. Following the transaction, the director owned 48,399 shares of the company’s stock, valued at approximately $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. Insiders sold 32,015 shares of company stock worth $12,383,640 in the last 90 days. Company insiders own 19.90% of the company’s stock.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Tesla 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.

See Also

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAFree Report).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.