1,997 Shares in Tesla, Inc. (NASDAQ:TSLA) Bought by True Vision MN LLC

True Vision MN LLC bought a new stake in shares of Tesla, Inc. (NASDAQ:TSLA) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,997 shares of the electric vehicle producer’s stock, valued at approximately $522,000.

Other large investors also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. increased its position in Tesla by 0.9% in the first quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock worth $6,399,000 after buying an additional 331 shares during the period. Ancora Advisors LLC lifted its position in Tesla by 4.7% in the 1st quarter. Ancora Advisors LLC now owns 6,585 shares of the electric vehicle producer’s stock valued at $1,158,000 after purchasing an additional 294 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Tesla during the 1st quarter valued at about $323,000. Investmark Advisory Group LLC increased its stake in shares of Tesla by 4.6% in the first quarter. Investmark Advisory Group LLC now owns 5,385 shares of the electric vehicle producer’s stock valued at $947,000 after purchasing an additional 239 shares during the period. Finally, Heartland Bank & Trust Co boosted its position in shares of Tesla by 94.4% during the first quarter. Heartland Bank & Trust Co now owns 6,304 shares of the electric vehicle producer’s stock worth $1,108,000 after buying an additional 3,061 shares during the period. 66.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TSLA. Robert W. Baird reaffirmed an “outperform” rating and set a $280.00 target price on shares of Tesla in a research note on Tuesday, August 20th. The Goldman Sachs Group upped their price objective on shares of Tesla from $230.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, October 24th. Glj Research restated a “sell” rating and set a $24.86 price target on shares of Tesla in a research report on Thursday, October 17th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $245.00 price objective on shares of Tesla in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada boosted their target price on Tesla from $249.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, November 15th. Nine research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Tesla presently has an average rating of “Hold” and an average price target of $231.06.

Insiders Place Their Bets

In related news, SVP Xiaotong Zhu sold 297 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was 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 approximately $14,967,479.07. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robyn M. Denholm sold 112,390 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $314.44, for a total value of $35,339,911.60. Following the completion of the sale, the director now directly owns 85,000 shares in the company, valued at $26,727,400. This trade represents a 56.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 301,187 shares of company stock valued at $92,956,692 over the last 90 days. 20.70% of the stock is currently owned by company insiders.

Tesla Stock Up 0.4 %

NASDAQ:TSLA traded up $1.39 during mid-day trading on Wednesday, reaching $339.62. The stock had a trading volume of 6,316,628 shares, compared to its average volume of 95,265,695. 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 stock has a market cap of $1.09 trillion, a P/E ratio of 92.67, a PEG ratio of 11.00 and a beta of 2.29. The business’s 50 day moving average is $268.52 and its 200 day moving average is $229.16. Tesla, Inc. has a fifty-two week low of $138.80 and a fifty-two week high of $361.93.

Tesla (NASDAQ:TSLA) last released its quarterly earnings results on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.14. The business had revenue of $25.18 billion for the quarter, compared to the consensus estimate of $25.47 billion. Tesla had a net margin of 13.07% and a return on equity of 10.24%. Tesla’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 EPS. As a group, sell-side analysts predict that Tesla, Inc. will post 1.99 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.