Janus Henderson Group PLC Grows Stake in Tesla Inc. (TSLA)

Janus Henderson Group PLC increased its stake in shares of Tesla Inc. (NASDAQ:TSLA) by 131.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 241,476 shares of the electric vehicle producer’s stock after purchasing an additional 137,318 shares during the period. Janus Henderson Group PLC owned approximately 0.14% of Tesla worth $87,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its holdings in shares of Tesla by 2.7% during the second quarter. Great West Life Assurance Co. Can now owns 69,562 shares of the electric vehicle producer’s stock valued at $25,129,000 after purchasing an additional 1,802 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Tesla by 0.9% during the first quarter. Perigon Wealth Management LLC now owns 8,025 shares of the electric vehicle producer’s stock valued at $2,233,000 after purchasing an additional 74 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Tesla by 5.0% during the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock valued at $1,651,654,000 after purchasing an additional 280,941 shares during the last quarter. Main Street Research LLC purchased a new position in shares of Tesla during the second quarter valued at approximately $602,000. Finally, CIBC World Markets Inc. raised its holdings in shares of Tesla by 74.2% during the second quarter. CIBC World Markets Inc. now owns 10,575 shares of the electric vehicle producer’s stock valued at $3,824,000 after purchasing an additional 4,504 shares during the last quarter. 56.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Tesla Inc. (TSLA) opened at 355.59 on Wednesday. The stock’s market cap is $59.34 billion. Tesla Inc. has a 52 week low of $178.19 and a 52 week high of $389.61. The stock has a 50 day moving average of $354.57 and a 200 day moving average of $336.53.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, beating the consensus estimate of ($2.00) by $0.67. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The company’s revenue was up 119.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.06) EPS. On average, analysts expect that Tesla Inc. will post ($6.41) earnings per share for the current year.

In other news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. Following the transaction, the director now owns 160,274 shares of the company’s stock, valued at approximately $51,505,652.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total transaction of $34,661.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,446 shares of company stock worth $17,504,929. Corporate insiders own 23.10% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/janus-henderson-group-plc-grows-stake-in-tesla-inc-tsla.html.

Several research firms have recently weighed in on TSLA. Sanford C. Bernstein reissued a “market perform” rating and set a $265.00 price objective on shares of Tesla in a report on Tuesday, October 3rd. Instinet began coverage on shares of Tesla in a report on Wednesday, October 4th. They set a “buy” rating and a $500.00 price objective for the company. BidaskClub cut shares of Tesla from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Citigroup Inc. assumed coverage on shares of Tesla in a report on Thursday, July 20th. They set a “neutral” rating and a $357.00 target price for

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Great West Life Assurance Co. Can raised its holdings in shares of Tesla by 2.7% during the second quarter. Great West Life Assurance Co. Can now owns 69,562 shares of the electric vehicle producer’s stock valued at $25,129,000 after purchasing an additional 1,802 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in shares of Tesla by 0.9% during the first quarter. Perigon Wealth Management LLC now owns 8,025 shares of the electric vehicle producer’s stock valued at $2,233,000 after purchasing an additional 74 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Tesla by 5.0% during the first quarter. Vanguard Group Inc. now owns 5,934,799 shares of the electric vehicle producer’s stock valued at $1,651,654,000 after purchasing an additional 280,941 shares during the last quarter. Main Street Research LLC purchased a new position in shares of Tesla during the second quarter valued at approximately $602,000. Finally, CIBC World Markets Inc. raised its holdings in shares of Tesla by 74.2% during the second quarter. CIBC World Markets Inc. now owns 10,575 shares of the electric vehicle producer’s stock valued at $3,824,000 after purchasing an additional 4,504 shares during the last quarter. 56.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Tesla Inc. (TSLA) opened at 355.59 on Wednesday. The stock’s market cap is $59.34 billion. Tesla Inc. has a 52 week low of $178.19 and a 52 week high of $389.61. The stock has a 50 day moving average of $354.57 and a 200 day moving average of $336.53.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, August 2nd. The electric vehicle producer reported ($1.33) earnings per share for the quarter, beating the consensus estimate of ($2.00) by $0.67. The firm had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Tesla had a negative net margin of 7.61% and a negative return on equity of 16.36%. The company’s revenue was up 119.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.06) EPS. On average, analysts expect that Tesla Inc. will post ($6.41) earnings per share for the current year.

In other news, Director Kimbal Musk sold 2,190 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $321.36, for a total transaction of $703,778.40. Following the transaction, the director now owns 160,274 shares of the company’s stock, valued at approximately $51,505,652.64. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Eric Branderiz sold 99 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $350.12, for a total transaction of $34,661.88. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,446 shares of company stock worth $17,504,929. Corporate insiders own 23.10% of the company’s stock.

TRADEMARK VIOLATION WARNING: This report was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://ledgergazette.com/2017/10/11/janus-henderson-group-plc-grows-stake-in-tesla-inc-tsla.html.

Several research firms have recently weighed in on TSLA. Sanford C. Bernstein reissued a “market perform” rating and set a $265.00 price objective on shares of Tesla in a report on Tuesday, October 3rd. Instinet began coverage on shares of Tesla in a report on Wednesday, October 4th. They set a “buy” rating and a $500.00 price objective for the company. BidaskClub cut shares of Tesla from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Citigroup Inc. assumed coverage on shares of Tesla in a report on Thursday, July 20th. They set a “neutral” rating and a $357.00 target price for the company. Finally, Berenberg Bank reaffirmed a “buy” rating on shares of Tesla in a report on Thursday, August 3rd. Ten research analysts have rated the stock with a sell rating, twelve have given a hold rating and sixteen have assigned a buy rating to the stock. Tesla has an average rating of “Hold” and a consensus target price of $326.94.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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