Oppenheimer & Co. Inc. Boosts Holdings in Tesla, Inc. (NASDAQ:TSLA)

Oppenheimer & Co. Inc. increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 1.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 144,482 shares of the electric vehicle producer's stock after acquiring an additional 1,741 shares during the quarter. Tesla comprises about 0.6% of Oppenheimer & Co. Inc.'s investment portfolio, making the stock its 21st largest holding. Oppenheimer & Co. Inc.'s holdings in Tesla were worth $37,801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bank & Trust Co acquired a new stake in shares of Tesla in the second quarter valued at approximately $25,000. Valley Wealth Managers Inc. bought a new stake in shares of Tesla during the 2nd quarter valued at $26,000. Abich Financial Wealth Management LLC grew its holdings in shares of Tesla by 168.8% during 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 shares of Tesla during the 3rd quarter worth $29,000. Finally, Clean Yield Group raised its stake in Tesla by 60.0% in the third quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock valued at $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.

Insider Activity at Tesla

In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $251.76, for a total value of $1,007,040.00. Following the transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at approximately $26,442,856.32. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of Tesla 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 of the company's stock, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,797 shares of company stock valued at $19,211,821 in the last three months. Corporate insiders own 20.70% of the company's stock.

Analyst Upgrades and Downgrades

TSLA has been the topic of several recent analyst reports. Royal Bank of Canada raised their target price on shares of Tesla from $236.00 to $249.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Needham & Company LLC reiterated a "hold" rating on shares of Tesla in a research report on Thursday, October 24th. Sanford C. Bernstein restated an "underperform" rating and set a $120.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Morgan Stanley restated an "overweight" rating and set a $310.00 target price on shares of Tesla in a research note on Thursday, October 3rd. Finally, Argus reiterated a "buy" rating and issued a $286.00 price target on shares of Tesla in a research note on Friday, July 26th. Eight equities 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $225.06.

Tesla Trading Up 0.5 %

Shares of Tesla stock traded up $1.75 on Wednesday, reaching $330.24. 124,665,637 shares of the company's stock were exchanged, compared to its average volume of 95,829,703. The firm's 50-day moving average is $246.26 and its two-hundred day moving average is $218.16. The company has a market capitalization of $1.06 trillion, a P/E ratio of 88.91, a price-to-earnings-growth ratio of 10.67 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. Tesla, Inc. has a 52 week low of $138.80 and a 52 week high of $358.64.

Tesla (NASDAQ:TSLA - Get Free Report) last posted 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 business had revenue of $25.18 billion during the quarter, compared to analysts' expectations of $25.47 billion. During the same period last year, the company posted $0.53 earnings per share. The business's quarterly revenue was up 7.8% on a year-over-year basis. Sell-side analysts predict 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.