Westside Investment Management Inc. Grows Holdings in Tesla Inc (TSLA)

Westside Investment Management Inc. raised its stake in Tesla Inc (NASDAQ:TSLA) by 13.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 412 shares of the electric vehicle producer’s stock after buying an additional 50 shares during the period. Westside Investment Management Inc.’s holdings in Tesla were worth $137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Alpha Windward LLC purchased a new stake in Tesla in the 4th quarter valued at about $26,000. Gradient Investments LLC lifted its position in shares of Tesla by 1,660.0% in the 4th quarter. Gradient Investments LLC now owns 88 shares of the electric vehicle producer’s stock worth $29,000 after purchasing an additional 83 shares during the period. Intercontinental Wealth Advisors LLC purchased a new stake in shares of Tesla in the 4th quarter worth approximately $30,000. Financial Gravity Companies Inc. purchased a new stake in shares of Tesla in the 4th quarter worth approximately $32,000. Finally, Clean Yield Group purchased a new stake in shares of Tesla in the 4th quarter worth approximately $36,000. 56.94% of the stock is owned by institutional investors.

Shares of NASDAQ TSLA traded up $2.63 during trading hours on Tuesday, hitting $315.47. 1,814,452 shares of the stock were exchanged, compared to its average volume of 7,912,806. The company has a quick ratio of 0.47, a current ratio of 0.81 and a debt-to-equity ratio of 1.82. The firm has a market cap of $52.52 billion, a PE ratio of -55.15, a price-to-earnings-growth ratio of 4.61 and a beta of 0.56. Tesla Inc has a 12 month low of $244.59 and a 12 month high of $387.46.

Tesla (NASDAQ:TSLA) last posted its quarterly earnings data on Wednesday, January 30th. The electric vehicle producer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.00 by $0.93. The firm had revenue of $7.23 billion during the quarter, compared to analyst estimates of $7.09 billion. Tesla had a negative net margin of 4.55% and a negative return on equity of 19.08%. Tesla’s revenue was up 119.8% on a year-over-year basis. During the same quarter in the previous year, the business posted ($3.04) EPS. On average, equities research analysts anticipate that Tesla Inc will post 1.89 earnings per share for the current fiscal year.

In other Tesla news, insider Jerome M. Guillen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $360.28, for a total transaction of $360,280.00. Following the transaction, the insider now owns 8,598 shares in the company, valued at approximately $3,097,687.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Deepak Ahuja sold 3,500 shares of the company’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $343.46, for a total transaction of $1,202,110.00. Following the transaction, the chief financial officer now owns 27,965 shares in the company, valued at approximately $9,604,858.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 83,070 shares of company stock valued at $26,968,398. 22.80% of the stock is currently owned by company insiders.

Several equities research analysts have recently weighed in on the stock. JMP Securities reaffirmed a “buy” rating and issued a $412.00 price target on shares of Tesla in a research report on Thursday, October 25th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $283.00 price target (down previously from $291.00) on shares of Tesla in a research report on Tuesday, February 5th. Canaccord Genuity upped their price target on shares of Tesla from $316.00 to $323.00 and gave the stock a “hold” rating in a research report on Thursday, October 25th. ValuEngine raised shares of Tesla from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Finally, BidaskClub cut shares of Tesla from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Fourteen research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company. Tesla presently has a consensus rating of “Hold” and a consensus price target of $328.46.

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Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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