Apriem Advisors increased its stake in Tesla Inc (NASDAQ:TSLA) by 71.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,985 shares of the electric vehicle producer’s stock after purchasing an additional 2,490 shares during the period. Apriem Advisors’ holdings in Tesla were worth $2,041,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of TSLA. Mckinley Capital Management LLC Delaware bought a new position in Tesla in the third quarter valued at about $106,000. Pittenger & Anderson Inc. grew its position in Tesla by 20.0% in the second 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 during the last quarter. First Eagle Investment Management LLC grew its position in Tesla by 285.7% in the second quarter. First Eagle Investment Management LLC now owns 405 shares of the electric vehicle producer’s stock valued at $146,000 after acquiring an additional 300 shares during the last quarter. First Personal Financial Services bought a new position in Tesla in the third quarter valued at about $148,000. Finally, WFG Advisors LP grew its position in Tesla by 106.8% in the second quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock valued at $165,000 after acquiring an additional 236 shares during the last quarter. Institutional investors own 57.20% of the company’s stock.
Tesla Inc (NASDAQ TSLA) opened at $313.26 on Thursday. Tesla Inc has a 1 year low of $185.00 and a 1 year high of $389.61. The company has a current ratio of 1.09, a quick ratio of 0.71 and a debt-to-equity ratio of 1.66.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($3.09) by $0.17. The business had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.71 EPS. equities research analysts anticipate that Tesla Inc will post -11.38 earnings per share for the current year.
In related news, VP Eric Branderiz sold 1,736 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total transaction of $589,354.64. Following the transaction, the vice president now directly owns 1,736 shares in the company, valued at approximately $589,354.64. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP John Douglas Field sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $301.60, for a total value of $180,960.00. Following the transaction, the vice president now owns 21,424 shares in the company, valued at $6,461,478.40. The disclosure for this sale can be found here. Insiders sold a total of 10,188 shares of company stock worth $3,310,563 over the last 90 days. Corporate insiders own 23.10% of the company’s stock.
A number of research firms have issued reports on TSLA. ValuEngine upgraded Tesla from a “sell” rating to a “hold” rating in a research report on Wednesday. Sanford C. Bernstein set a $265.00 price target on Tesla and gave the company a “hold” rating in a research note on Monday, November 13th. Barclays reissued a “sell” rating on shares of Tesla in a research note on Sunday, October 15th. Royal Bank Of Canada cut their price target on Tesla from $345.00 to $340.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 2nd. Finally, Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $282.88 price target on the stock in a research note on Thursday, November 2nd. Twelve equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Tesla currently has a consensus rating of “Hold” and an average target price of $331.56.
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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