Pathstone Family Office LLC trimmed its position in Tesla Inc (NASDAQ:TSLA) by 35.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 450 shares of the electric vehicle producer’s stock after selling 250 shares during the period. Pathstone Family Office LLC’s holdings in Tesla were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smith Moore & CO. grew its position in Tesla by 56.3% during the 3rd quarter. Smith Moore & CO. now owns 972 shares of the electric vehicle producer’s stock worth $332,000 after purchasing an additional 350 shares during the period. CIBC World Markets Inc. grew its position in Tesla by 74.2% during the 2nd quarter. CIBC World Markets Inc. now owns 10,575 shares of the electric vehicle producer’s stock worth $3,824,000 after purchasing an additional 4,504 shares during the period. WINTON GROUP Ltd acquired a new stake in Tesla during the 2nd quarter worth about $681,000. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Tesla by 2.1% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 38,569 shares of the electric vehicle producer’s stock worth $13,156,000 after purchasing an additional 784 shares during the period. Finally, Arrow Financial Corp grew its position in Tesla by 13.7% during the 3rd quarter. Arrow Financial Corp now owns 9,338 shares of the electric vehicle producer’s stock worth $3,186,000 after purchasing an additional 1,127 shares during the period. 57.20% of the stock is currently owned by hedge funds and other institutional investors.
In other news, VP John Douglas Field sold 600 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the sale, the vice president now directly owns 21,424 shares in the company, valued at $6,461,478.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $341.69, for a total transaction of $748,301.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,188 shares of company stock worth $3,310,563. Company insiders own 23.10% of the company’s stock.
Shares of Tesla Inc (NASDAQ:TSLA) opened at $313.26 on Thursday. Tesla Inc has a 1-year low of $185.00 and a 1-year high of $389.61. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The business’s revenue was up 29.9% compared to the same quarter last year. analysts expect that Tesla Inc will post -11.38 EPS for the current fiscal year.
Several brokerages have weighed in on TSLA. Robert W. Baird reaffirmed an “outperform” rating and set a $411.00 price target on shares of Tesla in a research report on Monday, September 18th. Jefferies Group assumed coverage on Tesla in a research report on Tuesday, September 19th. They set an “underperform” rating and a $280.00 target price on the stock. They noted that the move was a valuation call. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the company a “neutral” rating in a research report on Wednesday, September 20th. Vetr raised shares of Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 price target on the stock in a research note on Wednesday, September 20th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and issued a $200.00 price target (up from $180.00) on shares of Tesla in a research note on Wednesday, August 9th. Twelve investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $331.56.
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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.
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