Chartwell Investment Partners LLC Acquires 38,616 Shares of Tesla, Inc. (NASDAQ:TSLA)

Chartwell Investment Partners LLC raised its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 278.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,478 shares of the electric vehicle producer's stock after acquiring an additional 38,616 shares during the period. Chartwell Investment Partners LLC's holdings in Tesla were worth $13,730,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of TSLA. Patten & Patten Inc. TN boosted its position in shares of Tesla by 4.3% in the third quarter. Patten & Patten Inc. TN now owns 3,753 shares of the electric vehicle producer's stock valued at $982,000 after acquiring an additional 156 shares during the period. Ridgecrest Wealth Partners LLC raised its stake in shares of Tesla by 41.6% in the 3rd quarter. Ridgecrest Wealth Partners LLC now owns 5,507 shares of the electric vehicle producer's stock valued at $1,441,000 after purchasing an additional 1,617 shares during the period. Kennebec Savings Bank bought a new stake in shares of Tesla in the third quarter worth $614,000. Ashton Thomas Securities LLC grew its position in shares of Tesla by 15.5% during the 3rd quarter. Ashton Thomas Securities LLC now owns 12,653 shares of the electric vehicle producer's stock worth $3,310,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Tesla by 35.8% during the third quarter. Los Angeles Capital Management LLC now owns 967,440 shares of the electric vehicle producer's stock worth $253,111,000 after purchasing an additional 254,789 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Buying and Selling

In related news, SVP Xiaotong Zhu sold 297 shares of the company's stock in a transaction dated 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 owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tesla news, Director Kimbal Musk sold 60,500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $250.23, for a total value of $15,138,915.00. Following the sale, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 76,797 shares of company stock valued at $19,211,821 over the last ninety days. Insiders own 20.70% of the company's stock.

Analysts Set New Price Targets

TSLA has been the topic of a number of research analyst reports. StockNews.com upgraded Tesla from a "sell" rating to a "hold" rating in a report on Thursday, October 24th. Wedbush boosted their price target on shares of Tesla from $300.00 to $400.00 and gave the company an "outperform" rating in a research report on Monday. Royal Bank of Canada lifted their price objective on shares of Tesla from $236.00 to $249.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Argus reaffirmed a "buy" rating and set a $286.00 price target on shares of Tesla in a research note on Friday, July 26th. Finally, William Blair assumed coverage on Tesla in a research report on Thursday, August 29th. They set an "outperform" rating for the company. Eight research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Tesla presently has an average rating of "Hold" and a consensus price target of $225.06.

Tesla Stock Performance

Shares of NASDAQ TSLA traded up $25.62 during mid-day trading on Monday, hitting $346.84. 170,069,483 shares of the company were exchanged, compared to its average volume of 95,202,891. The firm has a market cap of $1.11 trillion, a price-to-earnings ratio of 97.39, a price-to-earnings-growth ratio of 10.59 and a beta of 2.29. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $358.64. The stock has a 50 day simple moving average of $241.18 and a 200-day simple moving average of $215.77.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The company had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 EPS. On average, sell-side analysts forecast that Tesla, Inc. will post 1.96 EPS for the current fiscal year.

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.