Jaffetilchin Investment Partners LLC trimmed its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,043 shares of the electric vehicle producer’s stock after selling 919 shares during the quarter. Tesla makes up approximately 3.0% of Jaffetilchin Investment Partners LLC’s investment portfolio, making the stock its 4th biggest holding. Jaffetilchin Investment Partners LLC’s holdings in Tesla were worth $9,043,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Tesla by 4.9% in the second quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after purchasing an additional 292,602 shares during the last quarter. Capital World Investors grew its holdings in Tesla by 0.6% in the second quarter. Capital World Investors now owns 3,016,552 shares of the electric vehicle producer’s stock worth $1,090,815,000 after purchasing an additional 17,452 shares during the last quarter. Janus Henderson Group PLC grew its holdings in Tesla by 126.6% in the third quarter. Janus Henderson Group PLC now owns 547,072 shares of the electric vehicle producer’s stock worth $186,601,000 after purchasing an additional 305,596 shares during the last quarter. Legal & General Group Plc grew its holdings in Tesla by 1.3% in the third quarter. Legal & General Group Plc now owns 545,371 shares of the electric vehicle producer’s stock worth $186,026,000 after purchasing an additional 7,119 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Tesla by 3.0% in the third quarter. Swiss National Bank now owns 484,385 shares of the electric vehicle producer’s stock worth $165,224,000 after purchasing an additional 14,200 shares during the last quarter. 57.13% of the stock is currently owned by institutional investors and hedge funds.
TSLA has been the subject of several research reports. Jefferies Group initiated coverage on shares of Tesla in a research note on Tuesday, September 19th. They set an “underperform” rating and a $280.00 price objective for the company. They noted that the move was a valuation call. Sanford C. Bernstein set a $265.00 price objective on shares of Tesla and gave the stock a “neutral” rating in a research note on Wednesday, September 20th. Vetr upgraded shares of Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 price objective for the company in a research note on Wednesday, September 20th. Zacks Investment Research downgraded shares of Tesla from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. Finally, Barclays reiterated a “sell” rating on shares of Tesla in a research note on Sunday, October 15th. Eleven equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $329.48.
Tesla Inc (NASDAQ TSLA) traded up $3.84 during midday trading on Wednesday, reaching $340.06. 6,474,200 shares of the company were exchanged, compared to its average volume of 6,267,070. The firm has a market capitalization of $58,420.00, a P/E ratio of -39.73 and a beta of 0.94. Tesla Inc has a 52 week low of $234.37 and a 52 week high of $389.61. The company has a quick ratio of 0.71, a current ratio of 1.09 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 for the quarter, topping analysts’ consensus estimates of ($3.09) by $0.17. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.94 billion. Tesla had a negative net margin of 13.09% and a negative return on equity of 24.88%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. equities analysts predict that Tesla Inc will post -11.38 earnings per share for the current year.
In other Tesla news, Director Kimbal Musk sold 2,190 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total value of $723,335.10. Following the completion of the transaction, the director now owns 154,419 shares in the company, valued at $51,003,051.51. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Eric Branderiz sold 1,736 shares of the company’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total transaction of $589,354.64. Following the completion of the transaction, the vice president now owns 1,736 shares of the company’s stock, valued at approximately $589,354.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,692 shares of company stock valued at $5,026,873. Insiders own 23.10% of the company’s stock.
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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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