Canada Pension Plan Investment Board Has $221.51 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Canada Pension Plan Investment Board raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 14.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,119,394 shares of the electric vehicle producer’s stock after buying an additional 139,634 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Tesla were worth $221,506,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Integris Wealth Management LLC raised its stake in Tesla by 1.0% during the 2nd quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer’s stock valued at $804,000 after purchasing an additional 42 shares during the last quarter. Echo Wealth Management LLC boosted its stake in Tesla by 0.7% during the second quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer’s stock worth $1,281,000 after buying an additional 44 shares in the last quarter. WASHINGTON TRUST Co increased its stake in Tesla by 3.2% in the second quarter. WASHINGTON TRUST Co now owns 1,433 shares of the electric vehicle producer’s stock valued at $284,000 after acquiring an additional 45 shares during the period. Bellevue Asset Management LLC raised its position in Tesla by 1.6% in the second quarter. Bellevue Asset Management LLC now owns 2,868 shares of the electric vehicle producer’s stock worth $568,000 after purchasing an additional 45 shares in the last quarter. Finally, Cypress Capital Group lifted its stake in Tesla by 1.7% during the second quarter. Cypress Capital Group now owns 2,806 shares of the electric vehicle producer’s stock worth $555,000 after purchasing an additional 47 shares during the period. 66.20% of the stock is owned by institutional investors.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the sale, the director now directly owns 85,000 shares in the company, valued at $18,696,600. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company’s stock, valued at $14,967,479.07. The disclosure for this sale can be found here. 25.10% of the stock is currently owned by insiders.

Tesla Stock Up 7.4 %

Shares of NASDAQ:TSLA opened at $243.92 on Friday. The company has a 50 day moving average price of $221.50 and a two-hundred day moving average price of $195.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.40 and a current ratio of 1.91. The company has a market capitalization of $777.91 billion, a PE ratio of 62.22, a PEG ratio of 6.00 and a beta of 2.29. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $273.93.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Tuesday, July 23rd. The electric vehicle producer reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.10). The firm had revenue of $25.50 billion during the quarter, compared to the consensus estimate of $24.38 billion. Tesla had a net margin of 13.00% and a return on equity of 10.41%. Tesla’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.78 EPS. Analysts forecast that Tesla, Inc. will post 1.75 earnings per share for the current year.

Analysts Set New Price Targets

TSLA has been the topic of several recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of Tesla in a research note on Wednesday, July 24th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research report on Tuesday, July 9th. Stifel Nicolaus assumed coverage on shares of Tesla in a report on Tuesday, June 25th. They set a “buy” rating and a $265.00 price objective for the company. Roth Mkm reissued a “neutral” rating and issued a $85.00 target price on shares of Tesla in a report on Wednesday, July 24th. Finally, Argus restated a “buy” rating and set a $286.00 price target on shares of Tesla in a research report on Friday, July 26th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $209.60.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.