Banque Pictet & Cie SA Buys 558 Shares of Tesla Inc. (TSLA)

Banque Pictet & Cie SA lifted its stake in Tesla Inc. (NASDAQ:TSLA) by 18.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,598 shares of the electric vehicle producer’s stock after acquiring an additional 558 shares during the period. Banque Pictet & Cie SA’s holdings in Tesla were worth $1,227,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TSLA. Pittenger & Anderson Inc. raised its position in shares of Tesla by 20.0% in the 2nd quarter. Pittenger & Anderson Inc. now owns 300 shares of the electric vehicle producer’s stock worth $108,000 after acquiring an additional 50 shares in the last quarter. Winfield Associates Inc. raised its position in shares of Tesla by 85.2% in the 2nd quarter. Winfield Associates Inc. now owns 326 shares of the electric vehicle producer’s stock worth $118,000 after acquiring an additional 150 shares in the last quarter. North Star Investment Management Corp. raised its position in shares of Tesla by 2.8% in the 2nd quarter. North Star Investment Management Corp. now owns 336 shares of the electric vehicle producer’s stock worth $122,000 after acquiring an additional 9 shares in the last quarter. Carroll Financial Associates Inc. raised its position in shares of Tesla by 8.7% in the 2nd quarter. Carroll Financial Associates Inc. now owns 349 shares of the electric vehicle producer’s stock worth $126,000 after acquiring an additional 28 shares in the last quarter. Finally, Cornerstone Advisors Inc. raised its position in shares of Tesla by 2.3% in the 2nd quarter. Cornerstone Advisors Inc. now owns 402 shares of the electric vehicle producer’s stock worth $145,000 after acquiring an additional 9 shares in the last quarter. 56.36% of the stock is owned by hedge funds and other institutional investors.

TSLA has been the subject of several recent research reports. Vetr lowered Tesla from a “strong-buy” rating to a “buy” rating and set a $371.27 price target for the company. in a research report on Monday, July 24th. UBS AG reissued a “sell” rating and issued a $185.00 price target on shares of Tesla in a research report on Wednesday, July 26th. Robert W. Baird reissued an “outperform” rating and issued a $368.00 price target on shares of Tesla in a research report on Wednesday, July 26th. Sanford C. Bernstein set a $265.00 price target on Tesla and gave the stock a “neutral” rating in a research report on Thursday, July 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $180.00 target price (down from $190.00) on shares of Tesla in a research report on Monday, July 31st. Ten investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $330.28.

In other Tesla news, VP Eric Branderiz sold 1,736 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $302.31, for a total transaction of $524,810.16. Following the completion of the transaction, the vice president now owns 1,736 shares of the company’s stock, valued at $524,810.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP John Douglas Field sold 600 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $301.60, for a total value of $180,960.00. Following the completion of the sale, the vice president now directly owns 21,424 shares of the company’s stock, valued at approximately $6,461,478.40. The disclosure for this sale can be found here. Insiders have sold 55,518 shares of company stock valued at $18,819,611 in the last three months. Insiders own 23.10% of the company’s stock.

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Shares of Tesla Inc. (NASDAQ:TSLA) traded up $2.55 during trading on Friday, hitting $315.05. The company’s stock had a trading volume of 13,682,753 shares, compared to its average volume of 6,723,802. Tesla Inc. has a fifty-two week low of $180.00 and a fifty-two week high of $389.61. The company has a quick ratio of 0.71, a current ratio of 1.09 and a debt-to-equity ratio of 1.66.

Tesla (NASDAQ:TSLA) last announced its earnings results on Wednesday, November 1st. The electric vehicle producer reported ($2.92) EPS for the quarter, beating analysts’ consensus estimates of ($3.09) by $0.17. Tesla had a negative return on equity of 24.88% and a negative net margin of 13.09%. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business’s revenue was up 29.9% compared to the same quarter last year. equities research analysts anticipate that Tesla Inc. will post -11.38 EPS for the current fiscal year.

Tesla Company Profile

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: Automotive, and Energy generation and storage.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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