Vanguard Personalized Indexing Management LLC Has $40.96 Million Position in Tesla, Inc. (NASDAQ:TSLA)

Vanguard Personalized Indexing Management LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA) by 4.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 207,453 shares of the electric vehicle producer’s stock after buying an additional 8,494 shares during the period. Tesla comprises about 0.8% of Vanguard Personalized Indexing Management LLC’s investment portfolio, making the stock its 16th biggest holding. Vanguard Personalized Indexing Management LLC’s holdings in Tesla were worth $40,957,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of TSLA. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Tesla by 6.8% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 85,556 shares of the electric vehicle producer’s stock valued at $16,930,000 after purchasing an additional 5,435 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in shares of Tesla by 14.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 314,477 shares of the electric vehicle producer’s stock valued at $62,297,000 after purchasing an additional 39,664 shares during the last quarter. Lingotto Investment Management LLP lifted its stake in shares of Tesla by 86.5% in the 2nd quarter. Lingotto Investment Management LLP now owns 75,461 shares of the electric vehicle producer’s stock valued at $14,932,000 after purchasing an additional 35,000 shares during the last quarter. Meridian Wealth Partners LLC lifted its stake in shares of Tesla by 2.0% in the 2nd quarter. Meridian Wealth Partners LLC now owns 2,915 shares of the electric vehicle producer’s stock valued at $577,000 after purchasing an additional 57 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC lifted its stake in shares of Tesla by 5.9% in the 2nd quarter. RPg Family Wealth Advisory LLC now owns 2,766 shares of the electric vehicle producer’s stock valued at $547,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insider Buying and Selling at Tesla

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

Analysts Set New Price Targets

Several research firms recently issued reports on TSLA. UBS Group lowered shares of Tesla from a “neutral” rating to a “sell” rating and lifted their price objective for the company from $147.00 to $197.00 in a research note on Friday, July 12th. Roth Mkm reaffirmed a “neutral” rating and issued a $85.00 price objective on shares of Tesla in a research note on Wednesday, July 24th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $245.00 target price on shares of Tesla in a report on Monday. William Blair initiated coverage on shares of Tesla in a report on Thursday, August 29th. They issued an “outperform” rating on the stock. Finally, Stifel Nicolaus initiated coverage on shares of Tesla in a report on Tuesday, June 25th. They issued a “buy” rating and a $265.00 target price on the stock. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $209.60.

Tesla Price Performance

NASDAQ:TSLA opened at $227.87 on Wednesday. The firm has a market cap of $726.72 billion, a PE ratio of 58.13, a price-to-earnings-growth ratio of 6.08 and a beta of 2.29. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $273.93. The company has a quick ratio of 1.40, a current ratio of 1.91 and a debt-to-equity ratio of 0.08. The company’s 50-day moving average price is $222.16 and its two-hundred day moving average price is $194.93.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results 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 analyst estimates 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 last year, the firm earned $0.78 earnings per share. On average, equities analysts anticipate that Tesla, Inc. will post 1.75 EPS for the current fiscal year.

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.