Hartland & Co. LLC lifted its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 11.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,712 shares of the electric vehicle producer’s stock after acquiring an additional 173 shares during the quarter. Hartland & Co. LLC’s holdings in Tesla were worth $533,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in TSLA. Ark Investment Management LLC raised its holdings in shares of Tesla by 67.0% during the second quarter. Ark Investment Management LLC now owns 37,836 shares of the electric vehicle producer’s stock valued at $13,682,000 after acquiring an additional 15,186 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Tesla by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 100,312 shares of the electric vehicle producer’s stock valued at $36,274,000 after acquiring an additional 1,522 shares in the last quarter. QS Investors LLC raised its holdings in shares of Tesla by 46.4% during the second quarter. QS Investors LLC now owns 625 shares of the electric vehicle producer’s stock valued at $226,000 after acquiring an additional 198 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Tesla by 6.7% during the second quarter. The Manufacturers Life Insurance Company now owns 6,203 shares of the electric vehicle producer’s stock valued at $2,244,000 after acquiring an additional 388 shares in the last quarter. Finally, Bank of Nova Scotia bought a new position in shares of Tesla during the second quarter valued at approximately $796,000. Institutional investors own 54.86% of the company’s stock.
Shares of Tesla Inc (NASDAQ:TSLA) opened at $335.49 on Monday. Tesla Inc has a 12 month low of $242.01 and a 12 month high of $389.61. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09.
Tesla (NASDAQ:TSLA) last released its earnings results on Wednesday, February 7th. The electric vehicle producer reported ($3.04) EPS for the quarter, topping 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 firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.26 billion. During the same period in the prior year, the firm posted ($0.69) earnings per share. The company’s quarterly revenue was up 43.9% on a year-over-year basis. equities analysts predict that Tesla Inc will post -15.15 EPS for the current year.
In related news, Director Kimbal Musk sold 4,065 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $312.08, for a total transaction of $1,268,605.20. Following the sale, the director now directly owns 154,589 shares of the company’s stock, valued at $48,244,135.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Eric Branderiz sold 1,736 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $313.25, for a total value of $543,802.00. Following the sale, the vice president now directly owns 1,225 shares in the company, valued at $383,731.25. The disclosure for this sale can be found here. Insiders have sold 10,231 shares of company stock worth $3,292,431 over the last ninety days. 23.10% of the stock is currently owned by insiders.
A number of equities analysts recently commented on the company. BidaskClub upgraded Tesla from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Zacks Investment Research cut Tesla from a “hold” rating to a “sell” rating in a research note on Saturday, January 20th. Vetr raised Tesla from a “sell” rating to a “hold” rating and set a $336.07 price target on the stock in a research note on Tuesday, January 30th. Piper Jaffray Companies set a $385.00 price target on Tesla and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, UBS Group upped their price target on Tesla to $365.00 and gave the stock a “hold” rating in a research note on Thursday, February 8th. Thirteen analysts have rated the stock with a sell rating, eleven have given a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $324.20.
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Tesla Company Profile
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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