Tesla Inc (TSLA) Shares Bought by Financial Counselors Inc.

Financial Counselors Inc. grew its holdings in shares of Tesla Inc (NASDAQ:TSLA) by 237.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,543 shares of the electric vehicle producer’s stock after purchasing an additional 1,789 shares during the quarter. Financial Counselors Inc.’s holdings in Tesla were worth $867,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TSLA. Vanguard Group Inc. increased its holdings in Tesla by 4.9% in the 2nd quarter. Vanguard Group Inc. now owns 6,227,401 shares of the electric vehicle producer’s stock worth $2,251,890,000 after acquiring an additional 292,602 shares during the last quarter. Whale Rock Capital Management LLC purchased a new stake in Tesla in the 2nd quarter worth about $66,601,000. Jasper Ridge Partners L.P. increased its holdings in Tesla by 7,001.5% in the 2nd quarter. Jasper Ridge Partners L.P. now owns 161,276 shares of the electric vehicle producer’s stock worth $58,319,000 after acquiring an additional 159,005 shares during the last quarter. Quantitative Investment Management LLC purchased a new stake in Tesla in the 2nd quarter worth about $52,108,000. Finally, Janus Henderson Group PLC increased its holdings in Tesla by 131.8% in the 2nd quarter. Janus Henderson Group PLC now owns 241,476 shares of the electric vehicle producer’s stock worth $87,329,000 after acquiring an additional 137,318 shares during the last quarter. 57.20% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on TSLA. Vetr lowered Tesla from a “buy” rating to a “hold” rating and set a $371.10 price objective for the company. in a report on Wednesday, August 9th. Robert W. Baird restated an “outperform” rating and issued a $411.00 target price (up previously from $368.00) on shares of Tesla in a research note on Monday, August 14th. Oppenheimer restated a “market perform” rating on shares of Tesla in a research note on Wednesday, August 9th. Guggenheim restated a “buy” rating and issued a $430.00 target price on shares of Tesla in a research note on Thursday, August 10th. Finally, Global Equities Research restated a “buy” rating and issued a $485.00 target price on shares of Tesla in a research note on Wednesday, November 29th. Twelve research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $331.56.

In other news, VP Eric Branderiz sold 1,736 shares of Tesla stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $339.49, for a total transaction of $589,354.64. Following the completion of the sale, the vice president now owns 1,736 shares in the company, valued at approximately $589,354.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Kimbal Musk sold 2,190 shares of Tesla stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $330.29, for a total value of $723,335.10. Following the sale, the director now owns 154,419 shares of the company’s stock, valued at approximately $51,003,051.51. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,188 shares of company stock valued at $3,310,563. Corporate insiders own 23.10% of the company’s stock.

Shares of Tesla Inc (NASDAQ TSLA) opened at $303.70 on Wednesday. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.71 and a current ratio of 1.09. Tesla Inc has a 12-month low of $182.68 and a 12-month high of $389.61.

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

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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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