Claro Advisors LLC Acquires 3,574 Shares of Tesla, Inc. (NASDAQ:TSLA)

Claro Advisors LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 32.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,757 shares of the electric vehicle producer's stock after buying an additional 3,574 shares during the quarter. Claro Advisors LLC's holdings in Tesla were worth $3,861,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in TSLA. Transcendent Capital Group LLC acquired a new stake in Tesla during the 3rd quarter valued at $29,000. Bank & Trust Co acquired a new stake in Tesla during the 2nd quarter valued at $25,000. 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 valued at $33,000 after purchasing an additional 48 shares during the last quarter. Abich Financial Wealth Management LLC lifted its holdings in Tesla by 168.8% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 129 shares of the electric vehicle producer's stock valued at $26,000 after purchasing an additional 81 shares during the last quarter. Finally, Valley Wealth Managers Inc. bought a new position in Tesla during the 2nd quarter worth $26,000. Institutional investors and hedge funds own 66.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on TSLA shares. HSBC reiterated a "reduce" rating and set a $124.00 price objective on shares of Tesla in a research report on Friday, October 11th. Wells Fargo & Company increased their price objective on Tesla from $120.00 to $125.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. increased their price objective on Tesla from $130.00 to $135.00 and gave the stock an "underweight" rating in a research report on Thursday, October 24th. The Goldman Sachs Group increased their price objective on 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 set a $280.00 price objective on shares of Tesla in a research report on Tuesday, August 20th. Nine equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Tesla presently has an average rating of "Hold" and a consensus price target of $230.18.

Tesla Trading Up 3.1 %

Shares of TSLA stock traded up $9.54 during mid-day trading on Friday, reaching $320.72. 114,440,286 shares of the stock traded hands, compared to its average volume of 109,566,312. The stock's fifty day simple moving average is $252.30 and its two-hundred day simple moving average is $221.01. Tesla, Inc. has a 1-year low of $138.80 and a 1-year high of $358.64. The company has a market cap of $1.03 trillion, a price-to-earnings ratio of 87.87, a price-to-earnings-growth ratio of 10.42 and a beta of 2.29. 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 announced its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $25.47 billion. During the same period last year, the firm posted $0.53 earnings per share. The business's revenue for the quarter was up 7.8% on a year-over-year basis. On average, research analysts anticipate that Tesla, Inc. will post 1.99 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $346.02, for a total value of $34,602,000.00. Following the transaction, the director now directly owns 5,400 shares of the company's stock, valued at $1,868,508. The trade was a 94.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Xiaotong Zhu sold 297 shares of Tesla 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 completion of the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 188,797 shares of company stock valued at $57,616,781 over the last ninety days. 20.70% of the stock is owned by company insiders.

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.