Tesla, Inc. (NASDAQ:TSLA) Shares Bought by MML Investors Services LLC

MML Investors Services LLC grew its position in shares of Tesla, Inc. (NASDAQ:TSLA - Free Report) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 309,382 shares of the electric vehicle producer's stock after purchasing an additional 9,919 shares during the quarter. MML Investors Services LLC's holdings in Tesla were worth $80,944,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in TSLA. World Investment Advisors LLC raised its stake in shares of Tesla by 1,248.9% during the 3rd quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock worth $52,124,000 after buying an additional 184,459 shares during the period. Vinva Investment Management Ltd raised its position in Tesla by 59.2% during the third quarter. Vinva Investment Management Ltd now owns 117,457 shares of the electric vehicle producer's stock worth $30,593,000 after acquiring an additional 43,685 shares during the period. Oppenheimer & Co. Inc. lifted its holdings in Tesla by 1.2% during the third quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer's stock valued at $37,801,000 after purchasing an additional 1,741 shares in the last quarter. Tyler Stone Wealth Management grew its position in shares of Tesla by 109.6% in the third quarter. Tyler Stone Wealth Management now owns 9,425 shares of the electric vehicle producer's stock valued at $2,466,000 after purchasing an additional 4,929 shares during the period. Finally, Fred Alger Management LLC increased its stake in shares of Tesla by 187.0% during the third quarter. Fred Alger Management LLC now owns 725,282 shares of the electric vehicle producer's stock worth $189,756,000 after purchasing an additional 472,565 shares in the last quarter. 66.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TSLA has been the subject of several research reports. Canaccord Genuity Group boosted their price objective on Tesla from $254.00 to $278.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. William Blair assumed coverage on Tesla in a research note on Thursday, August 29th. They issued an "outperform" rating for the company. Barclays raised their price objective on Tesla from $220.00 to $235.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. The Goldman Sachs Group increased their target price on shares of Tesla from $230.00 to $250.00 and gave the company a "neutral" rating in a research report on Thursday, October 24th. Finally, UBS Group raised their price target on shares of Tesla from $197.00 to $226.00 and gave the stock a "sell" rating in a research note on Monday, November 25th. Nine research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Tesla presently has a consensus rating of "Hold" and a consensus price target of $245.84.

Insiders Place Their Bets

In other news, Director Kathleen Wilson-Thompson sold 100,000 shares of Tesla stock in a transaction on Monday, November 11th. The shares were sold at an average price of $346.02, for a total transaction of $34,602,000.00. Following the completion of the sale, the director now directly owns 5,400 shares of the company's stock, valued at approximately $1,868,508. The trade was a 94.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 520,280 shares of company stock worth $170,418,640 in the last quarter. 20.70% of the stock is owned by company insiders.

Tesla Stock Up 5.3 %

Shares of NASDAQ TSLA traded up $19.73 during midday trading on Friday, hitting $389.22. The company's stock had a trading volume of 80,405,602 shares, compared to its average volume of 94,110,720. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $389.49. The business's fifty day simple moving average is $285.53 and its two-hundred day simple moving average is $239.15. The firm has a market capitalization of $1.25 trillion, a price-to-earnings ratio of 106.64, a price-to-earnings-growth ratio of 12.64 and a beta of 2.36. 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 (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 the consensus estimate of $0.58 by $0.14. The business had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.53 earnings per share. On average, equities analysts predict that Tesla, Inc. will post 1.99 EPS for the current year.

Tesla 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.