Bluestein R H & Co. lowered its position in shares of Tesla Inc (NASDAQ:TSLA) by 55.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,575 shares of the electric vehicle producer’s stock after selling 3,160 shares during the quarter. Bluestein R H & Co.’s holdings in Tesla were worth $878,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of TSLA. Vanguard Group Inc. grew its holdings in Tesla by 4.9% during the second quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after purchasing an additional 292,602 shares during the period. Whale Rock Capital Management LLC bought a new position in Tesla in the second quarter valued at approximately $66,601,000. Jasper Ridge Partners L.P. lifted its stake in Tesla by 7,001.5% in the second quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock valued at $58,319,000 after buying an additional 159,005 shares in the last quarter. Quantitative Investment Management LLC bought a new position in Tesla in the second quarter valued at approximately $52,108,000. Finally, Janus Henderson Group PLC lifted its stake in Tesla by 131.8% in the second quarter. Janus Henderson Group PLC now owns 241,476 shares of the electric vehicle producer’s stock valued at $87,329,000 after buying an additional 137,318 shares in the last quarter. Hedge funds and other institutional investors own 57.20% of the company’s stock.
Shares of Tesla Inc (NASDAQ:TSLA) opened at $305.20 on Tuesday. The company has a debt-to-equity ratio of 1.66, a current ratio of 1.09 and a quick ratio of 0.71. Tesla Inc has a 1 year low of $182.51 and a 1 year high of $389.61.
Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($3.09) by $0.17. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The firm had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the company earned $0.71 earnings per share. The company’s quarterly revenue was up 29.9% on a year-over-year basis. equities research analysts forecast that Tesla Inc will post -11.38 earnings per share for the current year.
In other Tesla news, VP Eric Branderiz sold 1,736 shares of the company’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $339.49, for a total value of $589,354.64. Following the transaction, the vice president now directly owns 1,736 shares in the company, valued at $589,354.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $341.69, for a total transaction of $748,301.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,188 shares of company stock worth $3,310,563. Corporate insiders own 23.10% of the company’s stock.
A number of brokerages have weighed in on TSLA. Sanford C. Bernstein set a $265.00 price target on shares of Tesla and gave the company a “neutral” rating in a research note on Wednesday, September 20th. Vetr raised shares of Tesla from a “hold” rating to a “buy” rating and set a $372.51 price target on the stock in a research note on Thursday, August 10th. Jefferies Group began coverage on shares of Tesla in a research note on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 price target on the stock. They noted that the move was a valuation call. Instinet assumed coverage on shares of Tesla in a research note on Wednesday, October 4th. They issued a “buy” rating and a $500.00 price target on the stock. Finally, Morgan Stanley boosted their price objective on shares of Tesla from $305.00 to $317.00 and gave the stock an “equal weight” rating in a research report on Monday, August 14th. Ten research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $334.82.
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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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