Crystal Rock Capital Management Acquires 1,650 Shares of Tesla, Inc. (NASDAQ:TSLA)

Crystal Rock Capital Management raised its holdings in Tesla, Inc. (NASDAQ:TSLA - Free Report) by 20.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,555 shares of the electric vehicle producer's stock after buying an additional 1,650 shares during the quarter. Tesla accounts for about 1.5% of Crystal Rock Capital Management's investment portfolio, making the stock its 22nd largest position. Crystal Rock Capital Management's holdings in Tesla were worth $2,500,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Tesla by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 233,602,120 shares of the electric vehicle producer's stock worth $41,064,917,000 after purchasing an additional 3,795,748 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Tesla by 35,611.2% during the third quarter. International Assets Investment Management LLC now owns 11,054,391 shares of the electric vehicle producer's stock valued at $2,892,160,000 after buying an additional 11,023,436 shares during the last quarter. Strategic Financial Concepts LLC lifted its holdings in Tesla by 21,816.0% in the second quarter. Strategic Financial Concepts LLC now owns 5,902,416 shares of the electric vehicle producer's stock worth $1,167,970,000 after buying an additional 5,875,484 shares during the period. ARK Investment Management LLC increased its position in shares of Tesla by 2.6% during the second quarter. ARK Investment Management LLC now owns 5,314,395 shares of the electric vehicle producer's stock valued at $1,051,613,000 after acquiring an additional 135,966 shares in the last quarter. Finally, National Pension Service grew its position in shares of Tesla by 15.3% during the 3rd quarter. National Pension Service now owns 5,182,657 shares of the electric vehicle producer's stock valued at $1,355,939,000 after acquiring an additional 688,717 shares during the period. Institutional investors and hedge funds own 66.20% of the company's stock.

Tesla Trading Down 6.7 %

Shares of TSLA traded down $23.56 during mid-day trading on Tuesday, hitting $326.44. The company had a trading volume of 136,530,484 shares, compared to its average volume of 95,609,063. The business's 50-day simple moving average is $243.90 and its 200-day simple moving average is $217.03. 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. The stock has a market cap of $1.05 trillion, a PE ratio of 94.16, a P/E/G ratio of 10.59 and a beta of 2.29.

Tesla (NASDAQ:TSLA - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.14. The company 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%. Tesla's revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 EPS. Sell-side analysts forecast that Tesla, Inc. will post 1.96 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $221.77, for a total transaction of $65,865.69. Following the transaction, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Tesla news, SVP Xiaotong Zhu sold 297 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the sale, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Vaibhav Taneja sold 8,000 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $250.00, for a total transaction of $2,000,000.00. Following the completion of the transaction, the chief financial officer now owns 105,032 shares in the company, valued at approximately $26,258,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 76,797 shares of company stock worth $19,211,821 over the last three months. 20.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently commented on TSLA. Argus reissued a "buy" rating and set a $286.00 target price on shares of Tesla in a research report on Friday, July 26th. Bank of America raised their target price on shares of Tesla from $265.00 to $350.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Piper Sandler boosted their price target on shares of Tesla from $310.00 to $315.00 and gave the company an "overweight" rating in a report on Friday, October 25th. Morgan Stanley reissued an "overweight" rating and issued a $310.00 price target on shares of Tesla in a research note on Thursday, October 3rd. Finally, Barclays raised their price target on Tesla from $220.00 to $235.00 and gave the company an "equal weight" rating in a report on Tuesday, October 29th. 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 stock. According to MarketBeat, Tesla has an average rating of "Hold" and an average price target of $225.06.

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.