Tesla, Inc. (NASDAQ:TSLA) Stake Boosted by Baron Wealth Management LLC

Baron Wealth Management LLC increased its stake in Tesla, Inc. (NASDAQ:TSLA) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,187 shares of the electric vehicle producer’s stock after purchasing an additional 164 shares during the quarter. Baron Wealth Management LLC’s holdings in Tesla were worth $834,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of TSLA. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Tesla by 0.9% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 36,399 shares of the electric vehicle producer’s stock valued at $6,399,000 after buying an additional 331 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Tesla by 113.9% in the 1st quarter. Bessemer Group Inc. now owns 65,437 shares of the electric vehicle producer’s stock worth $11,503,000 after purchasing an additional 34,850 shares during the last quarter. Leelyn Smith LLC lifted its holdings in Tesla by 107.2% in the 1st quarter. Leelyn Smith LLC now owns 10,831 shares of the electric vehicle producer’s stock worth $1,904,000 after purchasing an additional 5,603 shares during the last quarter. Crewe Advisors LLC acquired a new stake in Tesla in the 1st quarter worth approximately $9,703,000. Finally, Mattern Capital Management LLC lifted its holdings in Tesla by 33.6% in the 1st quarter. Mattern Capital Management LLC now owns 5,195 shares of the electric vehicle producer’s stock worth $913,000 after purchasing an additional 1,307 shares during the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analysts Forecast Growth

TSLA has been the topic of several recent analyst reports. Jefferies Financial Group lifted their price target on Tesla from $195.00 to $300.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Citigroup lowered their price objective on Tesla from $274.00 to $258.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. 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 report on Thursday, October 24th. Argus restated a “buy” rating and set a $286.00 price objective on shares of Tesla in a research report on Friday, July 26th. Finally, Sanford C. Bernstein restated an “underperform” rating and set a $120.00 price objective on shares of Tesla in a research report on Thursday, October 3rd. Nine investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and an average target price of $230.18.

Tesla Stock Up 5.6 %

NASDAQ:TSLA opened at $338.74 on Tuesday. The company has a quick ratio of 1.37, a current ratio of 1.84 and a debt-to-equity ratio of 0.08. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $358.64. The stock’s 50 day moving average price is $254.75 and its two-hundred day moving average price is $222.13. The firm has a market capitalization of $1.09 trillion, a price-to-earnings ratio of 92.81, a price-to-earnings-growth ratio of 10.42 and a beta of 2.29.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, October 23rd. The electric vehicle producer reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.14. The firm had revenue of $25.18 billion during the quarter, compared to analysts’ expectations of $25.47 billion. Tesla had a return on equity of 10.24% and a net margin of 13.07%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 EPS. Equities research analysts expect that Tesla, Inc. will post 1.99 earnings per share for the current fiscal year.

Insider Transactions at Tesla

In other Tesla news, CFO Vaibhav Taneja sold 4,000 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $350.00, for a total value of $1,400,000.00. Following the sale, the chief financial officer now owns 105,032 shares in the company, valued at approximately $36,761,200. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kathleen Wilson-Thompson sold 100,000 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $346.02, for a total value of $34,602,000.00. Following the completion of the sale, the director now owns 5,400 shares in the company, valued at $1,868,508. This trade represents a 94.88 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 188,797 shares of company stock valued at $57,616,781. Corporate insiders own 20.70% of the company’s stock.

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.