2,426 Shares in Tesla, Inc. (NASDAQ:TSLA) Purchased by Yeomans Consulting Group Inc.

Yeomans Consulting Group Inc. bought a new stake in Tesla, Inc. (NASDAQ:TSLA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,426 shares of the electric vehicle producer's stock, valued at approximately $980,000.

A number of other institutional investors also recently modified their holdings of the business. World Investment Advisors LLC lifted its position in Tesla by 1,248.9% during the third quarter. World Investment Advisors LLC now owns 199,229 shares of the electric vehicle producer's stock worth $52,124,000 after purchasing an additional 184,459 shares during the period. Destination Wealth Management grew its stake in shares of Tesla by 12.1% during the third quarter. Destination Wealth Management now owns 12,597 shares of the electric vehicle producer's stock worth $3,296,000 after buying an additional 1,359 shares during the last quarter. Vinva Investment Management Ltd grew its stake in shares of 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 buying an additional 43,685 shares during the last quarter. MML Investors Services LLC grew its stake in shares of Tesla by 3.3% during the third quarter. MML Investors Services LLC now owns 309,382 shares of the electric vehicle producer's stock worth $80,944,000 after buying an additional 9,919 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Tesla by 1.2% during the third quarter. Oppenheimer & Co. Inc. now owns 144,482 shares of the electric vehicle producer's stock worth $37,801,000 after buying an additional 1,741 shares during the last quarter. Institutional investors own 66.20% of the company's stock.

Insider Buying and Selling at Tesla

In other Tesla news, Director Robyn M. Denholm sold 112,390 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now owns 85,000 shares in the company, valued at approximately $26,727,400. This trade represents a 56.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 60,500 shares of Tesla stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $250.23, for a total transaction of $15,138,915.00. Following the completion of the sale, the director now directly owns 1,563,220 shares in the company, valued at $391,164,540.60. This trade represents a 3.73 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 617,886 shares of company stock worth $212,451,751. Insiders own 20.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wedbush boosted their target price on shares of Tesla from $515.00 to $550.00 and gave the stock an "outperform" rating in a research note on Wednesday. Oppenheimer reaffirmed a "market perform" rating on shares of Tesla in a research note on Tuesday, October 8th. Guggenheim boosted their target price on shares of Tesla from $156.00 to $175.00 and gave the stock a "sell" rating in a research note on Thursday, December 5th. Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Thursday, October 24th. Finally, Roth Capital upgraded shares of Tesla from a "hold" rating to a "strong-buy" rating in a report on Monday, December 2nd. Eight research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Tesla has a consensus rating of "Hold" and an average target price of $313.84.

Tesla Stock Down 1.4 %

NASDAQ:TSLA traded down $5.80 on Friday, hitting $406.58. The stock had a trading volume of 56,102,963 shares, compared to its average volume of 67,394,624. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.37 and a current ratio of 1.84. The stock has a market cap of $1.31 trillion, a P/E ratio of 111.39, a price-to-earnings-growth ratio of 8.42 and a beta of 2.30. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $488.54. The firm's fifty day simple moving average is $398.82 and its two-hundred day simple moving average is $294.26.

Tesla (NASDAQ:TSLA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 EPS for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analyst estimates of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. The company's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. Analysts predict that Tesla, Inc. will post 2.01 earnings per share 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.