Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 7,453 shares of the electric vehicle producer’s stock after acquiring an additional 255 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Tesla were worth $7,876,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Banque Pictet & Cie SA raised its position in shares of Tesla by 38,084.4% during the 4th quarter. Banque Pictet & Cie SA now owns 1,494,920 shares of the electric vehicle producer’s stock worth $1,579,802,000 after buying an additional 1,491,005 shares in the last quarter. Clear Street LLC bought a new stake in shares of Tesla during the 4th quarter worth about $1,447,578,000. Renaissance Technologies LLC raised its position in shares of Tesla by 299.6% during the 3rd quarter. Renaissance Technologies LLC now owns 813,975 shares of the electric vehicle producer’s stock worth $631,221,000 after buying an additional 610,300 shares in the last quarter. TD Asset Management Inc. raised its position in shares of Tesla by 121.5% during the 4th quarter. TD Asset Management Inc. now owns 1,084,513 shares of the electric vehicle producer’s stock worth $1,146,092,000 after buying an additional 594,905 shares in the last quarter. Finally, Natixis bought a new stake in shares of Tesla during the 3rd quarter worth about $431,134,000. 40.64% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:TSLA traded up $30.64 during mid-day trading on Wednesday, reaching $658.80. 30,181,534 shares of the company were exchanged, compared to its average volume of 27,368,428. Tesla, Inc. has a 12 month low of $571.22 and a 12 month high of $1,243.49. The company has a fifty day moving average of $917.98 and a 200 day moving average of $955.67. The company has a quick ratio of 1.04, a current ratio of 1.35 and a debt-to-equity ratio of 0.09. The stock has a market cap of $682.52 billion, a PE ratio of 89.39, a PEG ratio of 2.27 and a beta of 2.11.

Tesla (NASDAQ:TSLAGet Rating) last issued its earnings results on Wednesday, April 20th. The electric vehicle producer reported $2.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $1.22. The company had revenue of $18.76 billion for the quarter, compared to analyst estimates of $17.84 billion. Tesla had a net margin of 13.51% and a return on equity of 28.11%. The company’s revenue for the quarter was up 80.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, equities research analysts anticipate that Tesla, Inc. will post 10.39 EPS for the current fiscal year.

In related news, CFO Zachary Kirkhorn sold 2,389 shares of the firm’s stock in a transaction on Monday, March 7th. The shares were sold at an average price of $845.39, for a total value of $2,019,636.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Andrew D. Baglino sold 3,500 shares of the firm’s stock in a transaction on Monday, February 28th. The shares were sold at an average price of $815.72, for a total transaction of $2,855,020.00. The disclosure for this sale can be found here. Insiders have sold a total of 417,001 shares of company stock worth $373,252,861 over the last 90 days. Corporate insiders own 25.00% of the company’s stock.

A number of research firms recently commented on TSLA. Exane BNP Paribas dropped their target price on shares of Tesla from $700.00 to $600.00 and set an “underperform” rating on the stock in a report on Wednesday, May 18th. Wedbush cut their price target on shares of Tesla from $1,400.00 to $1,000.00 and set an “outperform” rating on the stock in a report on Thursday, May 19th. Royal Bank of Canada boosted their price target on shares of Tesla from $1,035.00 to $1,175.00 and gave the company a “sector perform” rating in a report on Thursday, April 21st. BNP Paribas cut their price target on shares of Tesla from $700.00 to $600.00 and set an “underperform” rating on the stock in a report on Wednesday, May 18th. Finally, Jefferies Financial Group started coverage on shares of Tesla in a report on Thursday, April 21st. They set a “buy” rating and a $1,250.00 price target on the stock. Eight investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $918.08.

Tesla Company Profile (Get Rating)

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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