Perpetual Ltd's Investment in Tesla, Inc.

Perpetual Ltd has made a strategic move by acquiring a new stake in Tesla, Inc. (NASDAQ:TSLA) during the third quarter of the fiscal year. According to their latest Form 13F filing with the Securities and Exchange Commission (SEC), the firm purchased 2,505 shares, with a total investment value of approximately $655,000.

Recent Changes by Other Investors

In addition to Perpetual Ltd, several other hedge funds and institutional investors have recently adjusted their positions in Tesla. For instance, Bank & Trust Co entered the market with a new investment valued at about $25,000 during the second quarter. Similarly, Valley Wealth Managers Inc. made a new purchase worth around $26,000 in the same period.

Abich Financial Wealth Management LLC significantly increased its stake by 168.8% during the second quarter, acquiring an additional 81 shares to bring its total to 129 shares valued at $26,000. Moreover, Clean Yield Group also raised its investment during the third quarter by 60%, now holding 128 shares worth approximately $33,000 after buying an additional 48 shares.

Furthermore, M&R Capital Management Inc. boosted its stake by an impressive 263.2% in the same quarter, totaling 138 shares valued at $36,000 after acquiring an extra 100 shares. Notably, hedge funds and institutional investors collectively own about 66.20% of Tesla's stock.

Notable Insider Transactions

In other developments, insider transactions indicate ongoing movements within Tesla. On September 6th, Senior Vice President Xiaotong Zhu sold 297 shares at an average price of $221.77, amounting to $65,865.69. Post-transaction, Zhu owns 67,491 shares, valued at approximately $14,967,479.07, reflecting no significant change in position.

Additionally, CFO Vaibhav Taneja sold 8,000 shares on September 23rd for $2,000,000. Following this trade, Taneja holds 105,032 shares currently valued at around $26,258,000, which also represents no significant change in his position. Over the previous quarter, insiders sold a total of 74,661 shares valued at approximately $16,663,291, while insiders possess about 20.70% of the company's stock.

Wall Street Analysis and Forecasts

Analysts on Wall Street have expressed varied opinions on Tesla's stock. Mizuho recently raised its target price from $180.00 to $230.00, rating it as Investment, Tesla, Perpetual