Gladstone Institutional Advisory LLC boosted its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,377 shares of the electric vehicle producer's stock after buying an additional 2,664 shares during the quarter. Gladstone Institutional Advisory LLC's holdings in Tesla were worth $11,349,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in TSLA. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Tesla by 60.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 549,008 shares of the electric vehicle producer's stock valued at $108,638,000 after purchasing an additional 206,248 shares in the last quarter. Morse Asset Management Inc increased its stake in shares of Tesla by 138.1% in the 2nd quarter. Morse Asset Management Inc now owns 5,969 shares of the electric vehicle producer's stock valued at $1,181,000 after acquiring an additional 3,462 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of Tesla by 34.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 4,166 shares of the electric vehicle producer's stock valued at $1,087,000 after acquiring an additional 1,059 shares during the period. NewEdge Advisors LLC boosted its stake in Tesla by 12.9% during the second quarter. NewEdge Advisors LLC now owns 236,802 shares of the electric vehicle producer's stock worth $46,858,000 after acquiring an additional 27,130 shares in the last quarter. Finally, Entropy Technologies LP acquired a new stake in Tesla in the first quarter worth $1,941,000. Institutional investors own 66.20% of the company's stock.
Tesla Price Performance
Shares of Tesla stock traded down $0.87 on Friday, hitting $248.98. 57,440,067 shares of the company traded hands, compared to its average volume of 94,174,516. Tesla, Inc. has a 12-month low of $138.80 and a 12-month high of $273.54. The firm's 50-day simple moving average is $233.56 and its 200 day simple moving average is $209.78. The company has a market cap of $799.24 billion, a P/E ratio of 68.21, a P/E/G ratio of 8.49 and a beta of 2.29. 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 posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 EPS. Analysts expect that Tesla, Inc. will post 1.96 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on TSLA shares. China Renaissance raised shares of Tesla from a "hold" rating to a "buy" rating and set a $290.00 price objective on the stock in a research report on Friday, July 5th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a report on Thursday, October 24th. Glj Research restated a "sell" rating and set a $24.86 price objective on shares of Tesla in a report on Thursday, October 17th. StockNews.com raised shares of Tesla from a "sell" rating to a "hold" rating in a research report on Thursday, October 24th. Finally, KGI Securities upgraded shares of Tesla from a "neutral" rating to an "outperform" rating and set a $276.00 price objective on the stock in a report on Thursday, October 24th. Eight 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $219.45.
Read Our Latest Report on TSLA
Insiders Place Their Bets
In related news, CFO Vaibhav Taneja sold 4,000 shares of Tesla stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total value of $1,000,000.00. Following the transaction, the chief financial officer now owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Xiaotong Zhu sold 297 shares of the company's stock in a transaction on Friday, September 6th. The shares were 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 directly owns 67,491 shares in the company, valued at $14,967,479.07. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction on 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 directly owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,297 shares of company stock valued at $3,065,866. 20.70% of the stock is currently owned by corporate insiders.
About Tesla
(
Free Report)
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.
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