DnB Asset Management AS increased its position in shares of Tesla Inc (NASDAQ:TSLA) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,820 shares of the electric vehicle producer’s stock after acquiring an additional 699 shares during the period. DnB Asset Management AS’s holdings in Tesla were worth $4,303,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of TSLA. Wealthcare Advisory Partners LLC purchased a new stake in Tesla during the 3rd quarter worth about $100,000. Mckinley Capital Management LLC Delaware purchased a new stake in Tesla during the 3rd quarter worth about $106,000. First Personal Financial Services purchased a new stake in Tesla during the 3rd quarter worth about $148,000. WFG Advisors LP increased its holdings in Tesla by 106.8% during the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after purchasing an additional 236 shares during the period. Finally, Advisory Services Network LLC increased its holdings in Tesla by 21.6% during the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock worth $193,000 after purchasing an additional 95 shares during the period. 57.12% of the stock is currently owned by hedge funds and other institutional investors.
TSLA has been the topic of several recent research reports. Vetr downgraded Tesla from a “buy” rating to a “hold” rating and set a $331.97 price target on the stock. in a report on Tuesday. Sanford C. Bernstein set a $265.00 price target on Tesla and gave the stock a “neutral” rating in a report on Wednesday, September 20th. Cascend Securities downgraded Tesla from a “hold” rating to a “sell” rating and set a $250.00 price target on the stock. in a report on Tuesday, December 5th. Evercore ISI cut their price target on Tesla from $330.00 to $312.00 and set an “outperform” rating on the stock in a report on Sunday, October 29th. Finally, Citigroup restated a “hold” rating and set a $367.00 price target on shares of Tesla in a report on Wednesday, November 15th. Eleven equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $329.48.
Shares of Tesla Inc (TSLA) opened at $336.22 on Friday. The stock has a market capitalization of $56,510.00, a PE ratio of -39.28 and a beta of 0.94. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla Inc has a 1 year low of $229.59 and a 1 year high of $389.61.
Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. research analysts anticipate that Tesla Inc will post -11.38 earnings per share for the current year.
In related news, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $330.29, for a total value of $723,335.10. Following the completion of the sale, the director now directly owns 154,419 shares of the company’s stock, valued at approximately $51,003,051.51. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Eric Branderiz sold 1,736 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total value of $589,354.64. Following the completion of the sale, the vice president now directly owns 1,736 shares of the company’s stock, valued at $589,354.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 15,692 shares of company stock valued at $5,026,873. Insiders own 23.10% of the company’s stock.
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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