First Personal Financial Services acquired a new stake in shares of Tesla Inc. (NASDAQ:TSLA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 435 shares of the electric vehicle producer’s stock, valued at approximately $148,000.
Other large investors have also added to or reduced their stakes in the company. Pittenger & Anderson Inc. lifted its stake in Tesla by 20.0% in the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock valued at $108,000 after acquiring an additional 50 shares in the last quarter. Winfield Associates Inc. lifted its stake in Tesla by 85.2% in the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock valued at $118,000 after acquiring an additional 150 shares in the last quarter. Acropolis Investment Management LLC bought a new stake in Tesla in the 2nd quarter valued at approximately $122,000. North Star Investment Management Corp. lifted its stake in Tesla by 2.8% in the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock valued at $122,000 after acquiring an additional 9 shares in the last quarter. Finally, Carroll Financial Associates Inc. lifted its stake in Tesla by 8.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock valued at $126,000 after acquiring an additional 28 shares in the last quarter. Institutional investors and hedge funds own 56.52% of the company’s stock.
Shares of Tesla Inc. (NASDAQ TSLA) traded down $5.73 during trading on Monday, reaching $300.36. The company’s stock had a trading volume of 3,205,422 shares, compared to its average volume of 6,405,323. The company has a quick ratio of 0.60, a current ratio of 0.97 and a debt-to-equity ratio of 1.15.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating the Zacks’ consensus estimate of ($3.09) by $0.17. Tesla had a negative return on equity of 24.80% and a negative net margin of 13.09%. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. equities research analysts expect that Tesla Inc. will post -9.53 EPS for the current fiscal year.
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Several research firms have commented on TSLA. Sanford C. Bernstein set a $265.00 target price on Tesla and gave the company a “neutral” rating in a research note on Wednesday, September 20th. Citigroup Inc. began coverage on Tesla in a research note on Thursday, July 20th. They issued a “neutral” rating and a $357.00 target price on the stock. Berenberg Bank restated a “buy” rating on shares of Tesla in a research note on Thursday, August 3rd. Vetr upgraded Tesla from a “hold” rating to a “buy” rating and set a $372.51 target price on the stock in a research note on Thursday, August 10th. Finally, Jefferies Group LLC began coverage on Tesla in a research note on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 target price on the stock. They noted that the move was a valuation call. Ten analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $330.44.
In other news, VP Eric Branderiz sold 99 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $350.12, for a total value of $34,661.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Kimbal Musk sold 2,190 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $355.20, for a total value of $777,888.00. Following the completion of the transaction, the director now owns 158,584 shares in the company, valued at approximately $56,329,036.80. The disclosure for this sale can be found here. Insiders sold 53,182 shares of company stock valued at $18,113,840 in the last three months. Insiders own 23.10% of the company’s stock.
Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.
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