Ferguson Wellman Capital Management Inc. Raises Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Ferguson Wellman Capital Management Inc. raised its holdings in Tesla, Inc. (NASDAQ:TSLA) by 0.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,711 shares of the electric vehicle producer’s stock after acquiring an additional 133 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Tesla were worth $6,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. RFG Advisory LLC boosted its holdings in shares of Tesla by 3.2% in the first quarter. RFG Advisory LLC now owns 10,122 shares of the electric vehicle producer’s stock valued at $1,779,000 after purchasing an additional 311 shares during the period. Salem Investment Counselors Inc. increased its stake in shares of Tesla by 24.6% during the first quarter. Salem Investment Counselors Inc. now owns 20,130 shares of the electric vehicle producer’s stock valued at $3,539,000 after buying an additional 3,980 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of Tesla in the first quarter valued at about $279,000. Baker Boyer National Bank grew its holdings in Tesla by 10.2% during the 1st quarter. Baker Boyer National Bank now owns 2,661 shares of the electric vehicle producer’s stock worth $468,000 after acquiring an additional 247 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its position in Tesla by 11.5% during the 1st quarter. AdvisorNet Financial Inc now owns 19,424 shares of the electric vehicle producer’s stock valued at $3,415,000 after purchasing an additional 2,004 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TSLA. New Street Research lowered shares of Tesla from a “buy” rating to a “neutral” rating and set a $225.00 price objective on the stock. in a report on Wednesday, July 24th. Roth Mkm reissued a “neutral” rating and issued a $85.00 price target on shares of Tesla in a research report on Friday, October 11th. Guggenheim lifted their target price on Tesla from $134.00 to $153.00 and gave the company a “sell” rating in a research note on Friday, September 13th. Wolfe Research began coverage on shares of Tesla in a research report on Thursday, September 5th. They set a “peer perform” rating for the company. Finally, Robert W. Baird restated an “outperform” rating and issued a $280.00 price target on shares of Tesla in a report on Tuesday, August 20th. Nine investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $210.72.

Insider Transactions at Tesla

In related news, SVP Xiaotong Zhu sold 297 shares of Tesla stock in a transaction on Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the transaction, the senior vice president now directly owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Xiaotong Zhu sold 297 shares of the firm’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $221.77, for a total value of $65,865.69. Following the completion of the sale, the senior vice president now owns 67,491 shares in the company, valued at $14,967,479.07. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robyn M. Denholm sold 66,364 shares of the business’s stock in a transaction that occurred on Thursday, July 25th. The stock was sold at an average price of $219.96, for a total value of $14,597,425.44. Following the transaction, the director now owns 85,000 shares in the company, valued at $18,696,600. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 74,661 shares of company stock worth $16,663,291 over the last 90 days. 25.10% of the stock is currently owned by insiders.

Tesla Stock Down 0.1 %

TSLA stock opened at $220.70 on Friday. Tesla, Inc. has a 12 month low of $138.80 and a 12 month high of $271.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.91 and a quick ratio of 1.40. The company has a market cap of $703.86 billion, a price-to-earnings ratio of 56.30, a price-to-earnings-growth ratio of 5.94 and a beta of 2.29. The company has a fifty day moving average price of $227.67 and a 200 day moving average price of $205.39.

Tesla (NASDAQ:TSLA) last issued its quarterly earnings results on Tuesday, July 23rd. The electric vehicle producer reported $0.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.10). Tesla had a net margin of 13.00% and a return on equity of 10.41%. The company had revenue of $25.50 billion during the quarter, compared to analyst estimates of $24.38 billion. During the same quarter last year, the firm earned $0.78 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts expect that Tesla, Inc. will post 1.75 earnings per share for the current year.

Tesla Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.