|Bid||82.58 x 200|
|Ask||82.60 x 300|
|Day's Range||82.12 - 82.67|
|52 Week Range||62.97 - 85.42|
|PE Ratio (TTM)||16.14|
|Dividend & Yield||2.28 (2.71%)|
|1y Target Est||N/A|
Top Tesla Inc (TSLA.O) investors Fidelity Investments and T. Rowe Price cut their holdings in the second quarter and indicated they were taking profits from the electric car maker stock, which is up 65 percent this year. Sellers included Fidelity funds like Fidelity OTC Portfolio, which sold 1.62 million shares, or 43 percent of its position during the quarter, as well as funds managed by T. Rowe Price Group (TROW.O), including T. Rowe Price Growth Stock Fund (PRGFX.O), which sold 1.33 million shares during the quarter or 48 percent of its position, recent securities filings show. Both funds remain among the ten largest fund investors in Tesla, according to Thomson Reuters data.
Legg Mason (LM) and T. Rowe Price (TROW) shares are down so far Thursday like everything else. Legg Mason's stock is down more than 2% to around $37 and T. Rowe slipped more than 1% to $83. Jefferies analyst Dan Fannon, who has a Buy rating on both stocks, says both asset management firms stand to benefit as they adapt to changing industry landscape.
Steady inflows in its mutual funds and the ability to offer low cost mutual funds continuously make mutual funds from T. Rowe wise investment choices.