Gladstone Institutional Advisory LLC Has $11.35 Million Stake in Tesla, Inc. (NASDAQ:TSLA)

Gladstone Institutional Advisory LLC lifted its holdings in Tesla, Inc. (NASDAQ:TSLA) by 6.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,377 shares of the electric vehicle producer’s stock after acquiring an additional 2,664 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Tesla were worth $11,349,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of TSLA. Integris Wealth Management LLC raised its position in Tesla by 1.0% in the 2nd quarter. Integris Wealth Management LLC now owns 4,065 shares of the electric vehicle producer’s stock worth $804,000 after purchasing an additional 42 shares during the last quarter. Sherrill & Hutchins Financial Advisory Inc lifted its stake in shares of Tesla by 1.4% during the third quarter. Sherrill & Hutchins Financial Advisory Inc now owns 3,058 shares of the electric vehicle producer’s stock valued at $800,000 after acquiring an additional 43 shares during the period. Echo Wealth Management LLC increased its position in Tesla by 0.7% in the second quarter. Echo Wealth Management LLC now owns 6,474 shares of the electric vehicle producer’s stock worth $1,281,000 after purchasing an additional 44 shares during the period. WASHINGTON TRUST Co raised its holdings in Tesla by 3.2% during the 2nd quarter. WASHINGTON TRUST Co now owns 1,433 shares of the electric vehicle producer’s stock worth $284,000 after purchasing an additional 45 shares during the last quarter. Finally, Bellevue Asset Management LLC boosted its stake in shares of Tesla by 1.6% in the 2nd quarter. Bellevue Asset Management LLC now owns 2,868 shares of the electric vehicle producer’s stock valued at $568,000 after purchasing an additional 45 shares during the last quarter. 66.20% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CFO Vaibhav Taneja sold 4,000 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $250.00, for a total value of $1,000,000.00. Following the completion of the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 transaction of $65,865.69. Following the completion of the transaction, the senior vice president now owns 67,491 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $250.00, for a total transaction of $1,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at $26,258,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,297 shares of company stock valued at $3,065,866. Insiders own 20.70% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ TSLA traded up $2.89 during mid-day trading on Friday, hitting $252.74. 23,517,586 shares of the stock traded hands, compared to its average volume of 94,018,430. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. The company has a market cap of $811.31 billion, a PE ratio of 69.00, a price-to-earnings-growth ratio of 8.49 and a beta of 2.29. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $273.54. The firm has a 50 day simple moving average of $233.56 and a two-hundred day simple moving average of $209.78.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.14. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company had revenue of $25.18 billion during the quarter, compared to the consensus estimate of $25.47 billion. During the same quarter in the prior year, the firm posted $0.53 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, equities research analysts forecast that Tesla, Inc. will post 1.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on TSLA shares. Bank of America boosted their price target on shares of Tesla from $255.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. William Blair started coverage on Tesla in a research report on Thursday, August 29th. They issued an “outperform” rating on the stock. Barclays upped their price objective on Tesla from $220.00 to $235.00 and gave the company an “equal weight” rating in a report on Tuesday. Morgan Stanley restated an “overweight” rating and set a $310.00 target price on shares of Tesla in a report on Thursday, October 3rd. Finally, UBS Group cut Tesla from a “neutral” rating to a “sell” rating and upped their price target for the company from $147.00 to $197.00 in a research note on Friday, July 12th. Eight analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $219.45.

Tesla Company 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.