Algert Global LLC Invests $3.19 Million in Tesla, Inc. (NASDAQ:TSLA)

Algert Global LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,207 shares of the electric vehicle producer's stock, valued at approximately $3,194,000.

Several other large investors also recently added to or reduced their stakes in the stock. Connable Office Inc. increased its position in shares of Tesla by 0.3% during the third quarter. Connable Office Inc. now owns 12,872 shares of the electric vehicle producer's stock worth $3,368,000 after purchasing an additional 38 shares in the last quarter. Holistic Financial Partners increased its position in shares of Tesla by 1.0% in the 3rd quarter. Holistic Financial Partners now owns 4,055 shares of the electric vehicle producer's stock valued at $1,061,000 after acquiring an additional 40 shares during the period. Integris Wealth Management LLC increased its position in shares of Tesla by 1.0% in the 2nd quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer's stock valued at $804,000 after acquiring an additional 42 shares during the period. Sherrill & Hutchins Financial Advisory Inc increased its position in shares of Tesla by 1.4% in the 3rd quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer's stock valued at $800,000 after acquiring an additional 43 shares during the period. Finally, Altman Advisors Inc. increased its position in shares of Tesla by 0.4% in the 3rd quarter. Altman Advisors Inc. now owns 10,754 shares of the electric vehicle producer's stock valued at $2,814,000 after acquiring an additional 43 shares during the period. 66.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays upped their target price on Tesla from $220.00 to $235.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 29th. Jefferies Financial Group upped their price target on shares of Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a report on Thursday, November 14th. Morgan Stanley reaffirmed an "overweight" rating and issued a $310.00 price target on shares of Tesla in a report on Thursday, October 3rd. Glj Research reaffirmed a "sell" rating and issued a $24.86 price target on shares of Tesla in a report on Thursday, October 17th. Finally, Stifel Nicolaus upped their price target on shares of Tesla from $265.00 to $287.00 and gave the company a "buy" rating in a report on Friday, October 25th. Nine analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $231.06.

Tesla Stock Performance

Shares of TSLA stock traded down $0.36 during trading hours on Tuesday, reaching $338.23. The stock had a trading volume of 61,438,202 shares, compared to its average volume of 95,609,016. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $361.93. The firm has a 50-day simple moving average of $266.31 and a 200-day simple moving average of $227.97. The firm has a market capitalization of $1.09 trillion, a PE ratio of 92.76, a price-to-earnings-growth ratio of 11.45 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. During the same period in the previous year, the firm earned $0.53 EPS. Tesla's revenue was up 7.8% on a year-over-year basis. As a group, equities analysts forecast that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Robyn M. Denholm sold 112,390 shares of the business's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the sale, the director now directly owns 85,000 shares in the company, valued at $26,727,400. The trade was a 56.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Xiaotong Zhu sold 297 shares of the business's stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. The trade was a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 301,187 shares of company stock worth $92,956,692. 20.70% of the stock is owned by corporate insiders.

Tesla Profile

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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.