Blackhawk Capital Partners LLC. Increases Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Blackhawk Capital Partners LLC. lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 102.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,598 shares of the electric vehicle producer's stock after buying an additional 2,827 shares during the quarter. Blackhawk Capital Partners LLC.'s holdings in Tesla were worth $1,465,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of TSLA. Bank & Trust Co acquired a new stake in Tesla in the 2nd quarter worth about $25,000. Valley Wealth Managers Inc. acquired a new stake in Tesla in the 2nd quarter worth about $26,000. Abich Financial Wealth Management LLC raised its stake in Tesla by 168.8% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock worth $26,000 after purchasing an additional 81 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in Tesla in the 3rd quarter worth about $29,000. Finally, Clean Yield Group raised its stake in Tesla by 60.0% in the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after purchasing an additional 48 shares in the last quarter. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on TSLA. William Blair began coverage on shares of Tesla in a research report on Thursday, August 29th. They issued an "outperform" rating for the company. Jefferies Financial Group boosted their target price on shares of Tesla from $195.00 to $300.00 and gave the company a "hold" rating in a research report on Thursday, November 14th. Royal Bank of Canada boosted their target price on shares of Tesla from $249.00 to $313.00 and gave the company an "outperform" rating in a research report on Friday, November 15th. StockNews.com upgraded shares of Tesla from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus boosted their target price on shares of Tesla from $265.00 to $287.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Nine research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, Tesla currently has an average rating of "Hold" and a consensus target price of $230.18.

Tesla Stock Down 0.5 %

Shares of Tesla stock traded down $1.86 during trading on Thursday, reaching $340.17. 55,276,729 shares of the company traded hands, compared to its average volume of 95,830,680. 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 1-year low of $138.80 and a 1-year high of $358.64. The company has a 50 day moving average price of $259.42 and a 200-day moving average price of $224.12. The firm has a market capitalization of $1.09 trillion, a PE ratio of 92.62, a P/E/G ratio of 11.24 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the company earned $0.53 EPS. Tesla's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $350.00, for a total transaction of $1,400,000.00. Following the completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $36,761,200. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 301,187 shares of company stock worth $92,956,692 in the last quarter. Company insiders own 20.70% of the company's stock.

About Tesla

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.