Tesla, Inc. (NASDAQ:TSLA) Holdings Increased by Princeton Capital Management LLC

Princeton Capital Management LLC raised its stake in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 23.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,004 shares of the electric vehicle producer's stock after acquiring an additional 1,532 shares during the quarter. Princeton Capital Management LLC's holdings in Tesla were worth $2,094,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of TSLA. Bank & Trust Co purchased a new stake in Tesla during the 2nd quarter worth approximately $25,000. Valley Wealth Managers Inc. purchased a new stake in shares of Tesla in the 2nd quarter valued at approximately $26,000. Abich Financial Wealth Management LLC lifted its position in shares of Tesla by 168.8% during the second 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 purchased a new position in shares of Tesla in the 3rd quarter valued at about $29,000. Finally, Clean Yield Group lifted its holdings in Tesla by 60.0% during the 3rd quarter. Clean Yield Group now owns 128 shares of the electric vehicle producer's stock worth $33,000 after buying an additional 48 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company's stock.

Tesla Stock Performance

TSLA stock traded up $6.93 during midday trading on Tuesday, hitting $345.67. 66,197,695 shares of the stock traded hands, compared to its average volume of 96,030,797. 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 stock's fifty day simple moving average is $254.75 and its 200-day simple moving average is $222.13. The firm has a market cap of $1.11 trillion, a P/E ratio of 94.55, a PEG ratio of 10.42 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $25.47 billion. During the same quarter last year, the firm posted $0.53 earnings per share. Tesla's revenue was up 7.8% compared to the same quarter last year. On average, analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current year.

Insider Buying and Selling

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 105,032 shares of the company's stock, valued at $36,761,200. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible 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 transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 188,797 shares of company stock valued at $57,616,781 over the last ninety days. Corporate insiders own 20.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Wells Fargo & Company upped their price objective on Tesla from $120.00 to $125.00 and gave the company an "underweight" rating in a research note on Thursday, October 24th. Glj Research reiterated a "sell" rating and set a $24.86 price objective on shares of Tesla in a research report on Thursday, October 17th. Citigroup decreased their price target on Tesla from $274.00 to $258.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 24th. Canaccord Genuity Group boosted their price target on Tesla from $254.00 to $278.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada boosted their price objective on Tesla from $249.00 to $313.00 and gave the stock an "outperform" rating in a research note on Friday. Nine investment 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. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $230.18.

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.