Arthur M. Cohen & Associates LLC raised its stake in Tesla Inc (NASDAQ:TSLA) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,317 shares of the electric vehicle producer’s stock after purchasing an additional 82 shares during the period. Arthur M. Cohen & Associates LLC’s holdings in Tesla were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of TSLA. Clarus Wealth Advisors grew its stake in Tesla by 83.3% in the second quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Personal Wealth Partners grew its stake in Tesla by 5,000.0% in the third quarter. Personal Wealth Partners now owns 102 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Trustcore Financial Services LLC grew its stake in Tesla by 121.8% in the second quarter. Trustcore Financial Services LLC now owns 122 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 67 shares during the last quarter. AllSquare Wealth Management LLC purchased a new position in Tesla in the second quarter valued at about $28,000. Finally, Bedel Financial Consulting Inc. grew its stake in Tesla by 197.7% in the second quarter. Bedel Financial Consulting Inc. now owns 128 shares of the electric vehicle producer’s stock valued at $29,000 after purchasing an additional 85 shares during the last quarter. Institutional investors own 54.61% of the company’s stock.
In other Tesla news, SVP Andrew D. Baglino sold 2,366 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $313.25, for a total value of $741,149.50. Following the completion of the transaction, the senior vice president now directly owns 3,288 shares of the company’s stock, valued at $1,029,966. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jerome M. Guillen sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $316.32, for a total value of $632,640.00. Following the completion of the transaction, the insider now directly owns 10,973 shares of the company’s stock, valued at $3,470,979.36. The disclosure for this sale can be found here. Insiders have sold 12,816 shares of company stock valued at $3,923,060 in the last ninety days. Corporate insiders own 24.40% of the company’s stock.
TSLA has been the topic of several analyst reports. Bank of America lifted their target price on Tesla from $225.00 to $235.00 and gave the company an “underperform” rating in a research note on Thursday, October 24th. Cowen set a $140.00 price target on Tesla and gave the stock a “sell” rating in a research note on Monday, September 30th. Piper Jaffray Companies dropped their price target on Tesla from $386.00 to $372.00 in a research note on Friday, October 18th. Jefferies Financial Group set a $300.00 price target on Tesla and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Nomura restated a “neutral” rating on shares of Tesla in a research note on Thursday, October 3rd. Eighteen equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $261.90.
Tesla stock opened at $337.14 on Friday. The company has a quick ratio of 0.73, a current ratio of 1.08 and a debt-to-equity ratio of 1.64. Tesla Inc has a 52 week low of $176.99 and a 52 week high of $379.49. The company has a market capitalization of $57.18 billion, a price-to-earnings ratio of -58.94 and a beta of 0.58. The stock has a 50-day moving average price of $268.78 and a 200 day moving average price of $237.89.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $2.28. Tesla had a negative return on equity of 13.42% and a negative net margin of 3.39%. The firm had revenue of $6.30 billion during the quarter, compared to the consensus estimate of $6.48 billion. During the same quarter in the previous year, the company posted $2.90 earnings per share. The company’s revenue was down 7.6% compared to the same quarter last year. Research analysts anticipate that Tesla Inc will post -5.12 EPS for the current fiscal year.
Tesla Company Profile
Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, 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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