Tesla, Inc. (NASDAQ:TSLA) Shares Sold by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd decreased its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 38.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,646 shares of the electric vehicle producer's stock after selling 5,900 shares during the quarter. Tesla accounts for about 1.0% of Gordian Capital Singapore Pte Ltd's investment portfolio, making the stock its 13th largest position. Gordian Capital Singapore Pte Ltd's holdings in Tesla were worth $2,524,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in TSLA. Wedmont Private Capital raised its stake in shares of Tesla by 19.0% in the second quarter. Wedmont Private Capital now owns 34,770 shares of the electric vehicle producer's stock worth $6,880,000 after buying an additional 5,557 shares during the period. WASHINGTON TRUST Co boosted its position in shares of Tesla by 3.2% in the second quarter. WASHINGTON TRUST Co now owns 1,433 shares of the electric vehicle producer's stock worth $284,000 after purchasing an additional 45 shares during the period. MCIA Inc increased its stake in shares of Tesla by 2.2% in the second quarter. MCIA Inc now owns 31,848 shares of the electric vehicle producer's stock worth $6,302,000 after purchasing an additional 679 shares in the last quarter. Lauer Wealth LLC raised its position in shares of Tesla by 20.3% during the 2nd quarter. Lauer Wealth LLC now owns 58,077 shares of the electric vehicle producer's stock valued at $11,492,000 after purchasing an additional 9,811 shares during the period. Finally, Maia Wealth LLC purchased a new position in shares of Tesla during the 2nd quarter valued at $539,000. 66.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on TSLA shares. Stifel Nicolaus raised their price target on Tesla from $287.00 to $411.00 and gave the company a "buy" rating in a report on Monday, December 2nd. William Blair started coverage on Tesla in a research note on Thursday, August 29th. They issued an "outperform" rating for the company. Roth Mkm upgraded shares of Tesla from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $85.00 to $380.00 in a research report on Monday, December 2nd. The Goldman Sachs Group upped their target price on shares of Tesla from $230.00 to $250.00 and gave the stock a "neutral" rating in a research report on Thursday, October 24th. Finally, Robert W. Baird reiterated an "outperform" rating and issued a $280.00 price target on shares of Tesla in a research note on Tuesday, August 20th. Nine research analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $248.12.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the completion of the sale, the chief financial officer now owns 105,032 shares of the company's stock, valued at approximately $26,258,000. The trade was a 3.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the transaction, the director now directly owns 5,400 shares in the company, valued at $1,868,508. This represents a 94.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 520,280 shares of company stock worth $170,418,640 in the last ninety days. 20.70% of the stock is owned by insiders.

Tesla Trading Up 0.1 %

Shares of NASDAQ TSLA traded up $0.57 during trading hours on Monday, reaching $389.79. The stock had a trading volume of 95,496,992 shares, compared to its average volume of 87,944,376. The business's fifty day moving average price is $285.53 and its two-hundred day moving average price is $239.15. The firm has a market cap of $1.25 trillion, a price-to-earnings ratio of 106.64, a P/E/G ratio of 12.64 and a beta of 2.36. Tesla, Inc. has a 52-week low of $138.80 and a 52-week high of $389.49. The company has a current ratio of 1.84, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08.

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

Tesla Company 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.