Alps Advisors Inc. increased its stake in Tesla Inc (NASDAQ:TSLA) by 34.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,235 shares of the electric vehicle producer’s stock after purchasing an additional 318 shares during the period. Alps Advisors Inc.’s holdings in Tesla were worth $385,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in TSLA. Wealthcare Advisory Partners LLC bought a new stake in shares of Tesla in the 3rd quarter worth approximately $100,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Tesla in the 3rd quarter worth approximately $106,000. First Personal Financial Services bought a new stake in shares of Tesla in the 3rd quarter worth approximately $148,000. WFG Advisors LP lifted its holdings in shares of Tesla by 106.8% in the 2nd quarter. WFG Advisors LP now owns 457 shares of the electric vehicle producer’s stock worth $165,000 after purchasing an additional 236 shares during the last quarter. Finally, Advisory Services Network LLC lifted its holdings in shares of Tesla by 21.6% in the 2nd quarter. Advisory Services Network LLC now owns 534 shares of the electric vehicle producer’s stock worth $193,000 after purchasing an additional 95 shares during the last quarter. 57.49% of the stock is currently owned by institutional investors and hedge funds.
Tesla Inc (TSLA) opened at $323.66 on Wednesday. Tesla Inc has a twelve month low of $242.01 and a twelve month 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. The firm has a market capitalization of $54,400.00, a price-to-earnings ratio of -27.45 and a beta of 0.97.
Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($3.12) by $0.08. Tesla had a negative return on equity of 32.11% and a negative net margin of 16.68%. The business had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.26 billion. During the same quarter in the previous year, the company posted ($0.69) earnings per share. Tesla’s revenue for the quarter was up 43.9% compared to the same quarter last year. analysts expect that Tesla Inc will post -6.87 EPS for the current fiscal year.
In other Tesla news, VP Eric Branderiz sold 1,736 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $313.25, for a total value of $543,802.00. Following the transaction, the vice president now owns 1,225 shares in the company, valued at $383,731.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimbal Musk sold 4,065 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $312.08, for a total value of $1,268,605.20. Following the completion of the transaction, the director now owns 154,589 shares in the company, valued at approximately $48,244,135.12. The disclosure for this sale can be found here. Insiders have sold 10,231 shares of company stock worth $3,292,431 in the last quarter. 23.10% of the stock is currently owned by corporate insiders.
Several brokerages have weighed in on TSLA. BidaskClub downgraded Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup began coverage on Tesla in a research note on Tuesday. They set a “buy” rating and a $425.00 target price on the stock. Zacks Investment Research downgraded Tesla from a “hold” rating to a “sell” rating in a research note on Tuesday. Vetr downgraded Tesla from a “buy” rating to a “hold” rating and set a $330.54 target price on the stock. in a research note on Wednesday. Finally, UBS Group set a $195.00 target price on Tesla and gave the company a “sell” rating in a research note on Friday, February 9th. Thirteen investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have given a buy rating to the stock. Tesla presently has a consensus rating of “Hold” and an average price target of $324.20.
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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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