Quest Partners LLC Invests $2.36 Million in Tesla, Inc. (NASDAQ:TSLA)

Quest Partners LLC acquired a new position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,030 shares of the electric vehicle producer's stock, valued at approximately $2,363,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Westfuller Advisors LLC acquired a new stake in shares of Tesla during the third quarter worth about $205,000. Swiss National Bank lifted its stake in Tesla by 0.4% in the third quarter. Swiss National Bank now owns 8,519,675 shares of the electric vehicle producer's stock valued at $2,229,003,000 after buying an additional 33,100 shares during the last quarter. S&CO Inc. purchased a new position in shares of Tesla during the third quarter worth approximately $992,000. Claro Advisors LLC increased its holdings in shares of Tesla by 32.0% in the 3rd quarter. Claro Advisors LLC now owns 14,757 shares of the electric vehicle producer's stock valued at $3,861,000 after acquiring an additional 3,574 shares during the period. Finally, Cardano Risk Management B.V. boosted its stake in Tesla by 1.9% during the 3rd quarter. Cardano Risk Management B.V. now owns 730,898 shares of the electric vehicle producer's stock worth $191,225,000 after purchasing an additional 13,572 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Insider Activity

In related news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction dated Friday, September 6th. The stock was 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 owns 67,491 shares of the company's stock, valued at approximately $14,967,479.07. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Vaibhav Taneja sold 4,000 shares of the firm's stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 105,032 shares of the company's stock, valued at $26,258,000. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 188,797 shares of company stock worth $57,616,781. 20.70% of the stock is currently owned by company insiders.

Tesla Trading Up 4.4 %

Shares of NASDAQ TSLA traded up $13.97 during midday trading on Monday, hitting $334.69. The stock had a trading volume of 88,207,313 shares, compared to its average volume of 95,992,648. The company has a fifty day moving average price of $252.30 and a 200 day moving average price of $221.01. The company has a market capitalization of $1.07 trillion, a price-to-earnings ratio of 94.60, a PEG ratio of 10.42 and a beta of 2.29. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $358.64. 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 (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 (EPS) 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 in the prior year, the business earned $0.53 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Tesla, Inc. will post 1.99 earnings per share for the current year.

Wall Street Analyst Weigh In

TSLA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $295.00 target price on shares of Tesla in a report on Tuesday, September 10th. Piper Sandler lifted their target price on shares of Tesla from $310.00 to $315.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Robert W. Baird reissued an "outperform" rating and set a $280.00 price target on shares of Tesla in a report on Tuesday, August 20th. Truist Financial lifted their price objective on Tesla from $236.00 to $238.00 and gave the company a "hold" rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group lifted their price target on Tesla from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Thursday, October 24th. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.