Franklin Resources Inc. Acquires 5,944 Shares of Tesla Inc (TSLA)

Franklin Resources Inc. grew its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,427 shares of the electric vehicle producer’s stock after purchasing an additional 5,944 shares during the period. Franklin Resources Inc.’s holdings in Tesla were worth $19,126,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Jennison Associates LLC increased its stake in Tesla by 17.1% during the fourth quarter. Jennison Associates LLC now owns 3,382,553 shares of the electric vehicle producer’s stock worth $1,053,158,000 after purchasing an additional 494,761 shares during the period. Bamco Inc. NY increased its stake in Tesla by 0.6% during the fourth quarter. Bamco Inc. NY now owns 1,612,051 shares of the electric vehicle producer’s stock worth $501,912,000 after purchasing an additional 10,040 shares during the period. American Century Companies Inc. increased its stake in Tesla by 8.9% during the fourth quarter. American Century Companies Inc. now owns 655,149 shares of the electric vehicle producer’s stock worth $203,981,000 after purchasing an additional 53,279 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in Tesla by 77.1% during the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 635,692 shares of the electric vehicle producer’s stock worth $197,922,000 after purchasing an additional 276,781 shares during the period. Finally, Janus Henderson Group PLC increased its stake in Tesla by 126.6% during the third quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after purchasing an additional 305,596 shares during the period. Institutional investors own 58.18% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of brokerages have issued reports on TSLA. Zacks Investment Research lowered shares of Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. UBS set a $195.00 price target on shares of Tesla and gave the stock a “sell” rating in a research note on Friday, February 9th. Vetr upgraded shares of Tesla from a “hold” rating to a “buy” rating and set a $339.63 price target on the stock in a research note on Monday, February 12th. ValuEngine upgraded shares of Tesla from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. Finally, JPMorgan Chase & Co. set a $190.00 price target on shares of Tesla and gave the stock a “sell” rating in a research note on Thursday, February 8th. Thirteen equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $322.64.

In other news, Director Kimbal Musk sold 4,065 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total value of $1,268,605.20. Following the completion of the sale, the director now directly owns 154,589 shares of the company’s stock, valued at $48,244,135.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Eric Branderiz sold 401 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $353.50, for a total value of $141,753.50. Following the completion of the sale, the vice president now directly owns 1,248 shares of the company’s stock, valued at $441,168. The disclosure for this sale can be found here. Insiders sold 8,719 shares of company stock valued at $2,827,816 over the last three months. Corporate insiders own 23.10% of the company’s stock.

TSLA stock opened at $301.54 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.86 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of $53,468.22, a P/E ratio of -25.58 and a beta of 1.01. Tesla Inc has a fifty-two week low of $255.01 and a fifty-two week high of $389.61.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($3.12) by $0.08. The firm had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.26 billion. Tesla had a negative return on equity of 33.08% and a negative net margin of 16.68%. The firm’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.69) earnings per share. equities analysts anticipate that Tesla Inc will post -15.15 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Franklin Resources Inc. Acquires 5,944 Shares of Tesla Inc (TSLA)” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3295421/franklin-resources-inc-acquires-5944-shares-of-tesla-inc-tsla.html.

Tesla Company Profile

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.

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:TSLA).

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.

Latest News

Vipshop  Downgraded to “Hold” at Zacks Investment Research
Vipshop Downgraded to “Hold” at Zacks Investment Research
Southwestern Energy  Price Target Lowered to $2.00 at Morgan Stanley
Southwestern Energy Price Target Lowered to $2.00 at Morgan Stanley
PPG Industries  Price Target Cut to $122.00 by Analysts at Credit Suisse Group
PPG Industries Price Target Cut to $122.00 by Analysts at Credit Suisse Group
Procter & Gamble  Downgraded by Argus
Procter & Gamble Downgraded by Argus
Intersect ENT  Coverage Initiated at Berenberg Bank
Intersect ENT Coverage Initiated at Berenberg Bank
Gold Fields  and Its Competitors Head to Head Contrast
Gold Fields and Its Competitors Head to Head Contrast


© 2006-2018 Ticker Report. Google+.