Profund Advisors LLC boosted its stake in shares of Tesla Inc (NASDAQ:TSLA) by 11.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,167 shares of the electric vehicle producer’s stock after acquiring an additional 1,147 shares during the quarter. Profund Advisors LLC’s holdings in Tesla were worth $2,495,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the business. Baillie Gifford & Co. lifted its holdings in shares of Tesla by 1.2% in the 2nd quarter. Baillie Gifford & Co. now owns 13,409,732 shares of the electric vehicle producer’s stock valued at $2,996,539,000 after buying an additional 165,206 shares during the period. ARK Investment Management LLC lifted its holdings in shares of Tesla by 54.3% in the 2nd quarter. ARK Investment Management LLC now owns 1,163,182 shares of the electric vehicle producer’s stock valued at $259,925,000 after buying an additional 409,332 shares during the period. Northern Trust Corp lifted its holdings in shares of Tesla by 0.5% in the 2nd quarter. Northern Trust Corp now owns 928,974 shares of the electric vehicle producer’s stock valued at $207,588,000 after buying an additional 4,913 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Tesla by 1,892.8% in the 2nd quarter. SG Americas Securities LLC now owns 736,962 shares of the electric vehicle producer’s stock valued at $164,682,000 after buying an additional 699,981 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Tesla by 6.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 715,153 shares of the electric vehicle producer’s stock valued at $159,808,000 after buying an additional 42,346 shares during the period. 54.44% of the stock is owned by institutional investors.

In other news, CFO Zachary Kirkhorn sold 150 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $255.68, for a total transaction of $38,352.00. Following the completion of the transaction, the chief financial officer now directly owns 9,962 shares of the company’s stock, valued at $2,547,084.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $223.51, for a total value of $3,352,650.00. Following the completion of the transaction, the insider now directly owns 306,098 shares of the company’s stock, valued at $68,415,963.98. The disclosure for this sale can be found here. Insiders have sold 30,300 shares of company stock valued at $6,881,352 over the last ninety days. Corporate insiders own 24.40% of the company’s stock.

Several analysts have recently commented on TSLA shares. JPMorgan Chase & Co. set a $200.00 price target on Tesla and gave the company a “sell” rating in a report on Thursday, July 25th. ValuEngine raised Tesla from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Oppenheimer reduced their price target on Tesla from $437.00 to $356.00 and set an “outperform” rating for the company in a report on Thursday, July 25th. Royal Bank of Canada set a $190.00 price objective on Tesla and gave the stock a “sell” rating in a report on Tuesday. Finally, BidaskClub raised Tesla from a “hold” rating to a “buy” rating in a report on Tuesday. Eighteen investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. Tesla currently has an average rating of “Hold” and a consensus price target of $269.53.

Shares of NASDAQ:TSLA traded up $0.45 during trading on Friday, hitting $246.32. The company’s stock had a trading volume of 428,533 shares, compared to its average volume of 5,801,850. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.71 and a current ratio of 1.06. Tesla Inc has a fifty-two week low of $176.99 and a fifty-two week high of $379.49. The stock’s 50-day moving average price is $227.96 and its two-hundred day moving average price is $241.79. The company has a market capitalization of $42.19 billion, a PE ratio of -43.04 and a beta of 0.54.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.55) by ($0.76). The firm had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.44 billion. Tesla had a negative net margin of 2.64% and a negative return on equity of 11.42%. The firm’s quarterly revenue was up 58.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($3.06) earnings per share. On average, equities analysts predict that Tesla Inc will post -7.51 earnings per share for the current fiscal year.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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