Roman Butler Fullerton & Co. Sells 86 Shares of Tesla, Inc. (NASDAQ:TSLA)

Roman Butler Fullerton & Co. reduced its holdings in Tesla, Inc. (NASDAQ:TSLA) by 5.3% in the third quarter, HoldingsChannel reports. The firm owned 1,547 shares of the electric vehicle producer’s stock after selling 86 shares during the period. Roman Butler Fullerton & Co.’s holdings in Tesla were worth $405,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TSLA. China Universal Asset Management Co. Ltd. boosted 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 purchasing an additional 331 shares during the last quarter. Haverford Trust Co boosted its position in Tesla by 100.4% in the first quarter. Haverford Trust Co now owns 2,150 shares of the electric vehicle producer’s stock worth $378,000 after purchasing an additional 1,077 shares during the last quarter. Salomon & Ludwin LLC boosted its position in Tesla by 9.4% in the first quarter. Salomon & Ludwin LLC now owns 1,122 shares of the electric vehicle producer’s stock worth $197,000 after purchasing an additional 96 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Tesla in the first quarter valued at $601,000. Finally, Proficio Capital Partners LLC raised its stake in shares of Tesla by 5.6% in the first quarter. Proficio Capital Partners LLC now owns 9,589 shares of the electric vehicle producer’s stock valued at $1,682,000 after buying an additional 506 shares during the period. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Tesla Trading Down 0.3 %

TSLA opened at $248.98 on Monday. The business has a 50 day simple moving average of $234.14 and a two-hundred day simple moving average of $211.15. The firm has a market capitalization of $799.24 billion, a price-to-earnings ratio of 68.21, a PEG ratio of 8.24 and a beta of 2.29. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.84 and a quick ratio of 1.37. Tesla, Inc. has a one year low of $138.80 and a one year high of $273.54.

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

Insider Transactions at Tesla

In other news, SVP Xiaotong Zhu sold 297 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $221.77, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Tesla 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 transaction of $1,000,000.00. Following the sale, the chief financial officer now directly owns 105,032 shares in the company, valued at approximately $26,258,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Xiaotong Zhu sold 297 shares of the 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 sale, the senior vice president now owns 67,491 shares in the company, valued at approximately $14,967,479.07. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,297 shares of company stock valued at $3,065,866. Corporate insiders own 20.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TSLA. Royal Bank of Canada boosted their target price on Tesla from $236.00 to $249.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Guggenheim boosted their target price on Tesla from $153.00 to $156.00 and gave the company a “sell” rating in a research note on Thursday, October 24th. Argus restated a “buy” rating and issued a $286.00 target price on shares of Tesla in a research note on Friday, July 26th. Oppenheimer reiterated a “market perform” rating on shares of Tesla in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. boosted their price objective on Tesla from $130.00 to $135.00 and gave the company an “underweight” rating in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $219.45.

About Tesla

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.