BKS Advisors LLC boosted its stake in Tesla Inc (NASDAQ:TSLA) by 9.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,305 shares of the electric vehicle producer’s stock after acquiring an additional 476 shares during the quarter. BKS Advisors LLC’s holdings in Tesla were worth $1,810,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Tesla by 4.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock valued at $2,251,890,000 after acquiring an additional 292,602 shares in the last quarter. Capital World Investors grew its stake in shares of Tesla by 0.6% in the second quarter. Capital World Investors now owns 3,016,552 shares of the electric vehicle producer’s stock worth $1,090,815,000 after purchasing an additional 17,452 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Tesla by 4.3% in the second quarter. Jennison Associates LLC now owns 3,002,685 shares of the electric vehicle producer’s stock worth $1,085,801,000 after purchasing an additional 124,511 shares in the last quarter. Gilder Gagnon Howe & Co. LLC grew its stake in shares of Tesla by 0.4% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 692,792 shares of the electric vehicle producer’s stock worth $250,521,000 after purchasing an additional 2,754 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in Tesla by 1.3% during the third quarter. Legal & General Group Plc now owns 545,371 shares of the electric vehicle producer’s stock valued at $186,026,000 after buying an additional 7,119 shares in the last quarter. Hedge funds and other institutional investors own 57.20% of the company’s stock.
Several equities research analysts have recently commented on the company. Robert W. Baird reaffirmed an “outperform” rating and set a $411.00 target price on shares of Tesla in a report on Monday, September 18th. Jefferies Group initiated coverage on Tesla in a research note on Tuesday, September 19th. They issued an “underperform” rating and a $280.00 price objective for the company. They noted that the move was a valuation call. Sanford C. Bernstein set a $265.00 price objective on Tesla and gave the stock a “neutral” rating in a research note on Wednesday, September 20th. Vetr raised Tesla from a “strong sell” rating to a “sell” rating and set a $341.74 price target for the company in a research note on Wednesday, September 20th. Finally, Goldman Sachs Group reaffirmed a “sell” rating and issued a $200.00 target price (up previously from $180.00) on shares of Tesla in a report on Wednesday, August 9th. Twelve research 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. The stock currently has a consensus rating of “Hold” and a consensus price target of $331.56.
Tesla (NASDAQ:TSLA) last issued its quarterly 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 company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. equities analysts predict that Tesla Inc will post -11.38 EPS for the current fiscal year.
In related news, VP Eric Branderiz sold 1,736 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total transaction of $589,354.64. Following the sale, the vice president now owns 1,736 shares of the company’s stock, valued at $589,354.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 2,190 shares of the stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $341.69, for a total value of $748,301.10. The disclosure for this sale can be found here. Insiders sold 10,188 shares of company stock worth $3,310,563 in the last ninety days. 23.10% of the stock is owned by company insiders.
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.
Receive News & Ratings for Tesla Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla Inc and related companies with MarketBeat.com's FREE daily email newsletter.