1,669 Shares in Tesla, Inc. $TSLA Bought by Elm Partners Management LLC

Elm Partners Management LLC purchased a new position in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) in the third quarter, HoldingsChannel reports. The institutional investor purchased 1,669 shares of the electric vehicle producer’s stock, valued at approximately $742,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wallace Hart LLC bought a new position in shares of Tesla in the third quarter valued at approximately $767,000. Raleigh Capital Management Inc. boosted its holdings in Tesla by 2.9% in the third quarter. Raleigh Capital Management Inc. now owns 3,206 shares of the electric vehicle producer’s stock valued at $1,426,000 after acquiring an additional 89 shares during the last quarter. Finer Wealth Management Inc. grew its position in shares of Tesla by 11.3% during the 3rd quarter. Finer Wealth Management Inc. now owns 6,116 shares of the electric vehicle producer’s stock worth $2,720,000 after buying an additional 619 shares during the period. Callan Family Office LLC grew its holdings in Tesla by 9.1% during the 3rd quarter. Callan Family Office LLC now owns 82,452 shares of the electric vehicle producer’s stock worth $36,668,000 after acquiring an additional 6,885 shares during the period. Finally, Lord & Richards Wealth Management LLC grew its position in shares of Tesla by 7.6% during the 3rd quarter. Lord & Richards Wealth Management LLC now owns 1,358 shares of the electric vehicle producer’s stock worth $604,000 after buying an additional 96 shares during the period. Institutional investors and hedge funds own 66.20% of the company’s stock.

Tesla Stock Down 2.0%

Shares of NASDAQ TSLA opened at $421.81 on Tuesday. The firm has a market cap of $1.40 trillion, a PE ratio of 390.56, a price-to-earnings-growth ratio of 7.34 and a beta of 1.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The company has a 50 day simple moving average of $447.77 and a 200 day simple moving average of $409.50.

Tesla (NASDAQ:TSLAGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.05. The company had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. Tesla had a net margin of 4.00% and a return on equity of 4.86%. The company’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. On average, research analysts forecast that Tesla, Inc. will post 2.56 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on TSLA shares. Royal Bank Of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Tesla in a report on Thursday. Cantor Fitzgerald reissued an “overweight” rating and issued a $510.00 target price on shares of Tesla in a research report on Thursday, January 29th. JPMorgan Chase & Co. cut their price target on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating on the stock in a research report on Friday. Morgan Stanley set a $415.00 target price on shares of Tesla and gave the company an “equal weight” rating in a report on Thursday. Finally, Benchmark restated a “buy” rating on shares of Tesla in a research note on Thursday, October 23rd. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $403.92.

Get Our Latest Analysis on Tesla

Insider Activity at Tesla

In other news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following the transaction, the director directly owned 577,031 shares of the company’s stock, valued at $257,009,607.40. This represents a 9.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This represents a 16.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 119,457 shares of company stock valued at $53,501,145 in the last three months. Corporate insiders own 19.90% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Tesla Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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