Bard Financial Services Inc. Has $3.19 Million Stock Holdings in Tesla, Inc. (NASDAQ:TSLA)

Bard Financial Services Inc. lifted its position in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,030 shares of the electric vehicle producer’s stock after purchasing an additional 8,020 shares during the period. Bard Financial Services Inc.’s holdings in Tesla were worth $3,191,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Lincoln Capital LLC grew its stake in Tesla by 200.0% in the 3rd quarter. Lincoln Capital LLC now owns 1,290 shares of the electric vehicle producer’s stock valued at $342,000 after buying an additional 860 shares during the last quarter. Merriman Wealth Management LLC grew its stake in Tesla by 179.0% in the 3rd quarter. Merriman Wealth Management LLC now owns 11,716 shares of the electric vehicle producer’s stock valued at $3,108,000 after buying an additional 7,516 shares during the last quarter. Parsons Capital Management Inc. RI grew its stake in Tesla by 202.4% in the 3rd quarter. Parsons Capital Management Inc. RI now owns 19,658 shares of the electric vehicle producer’s stock valued at $5,214,000 after buying an additional 13,158 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in Tesla by 244.7% in the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 8,431 shares of the electric vehicle producer’s stock valued at $2,235,000 after buying an additional 5,985 shares during the last quarter. Finally, Safeguard Investment Advisory Group LLC grew its stake in Tesla by 267.6% in the 3rd quarter. Safeguard Investment Advisory Group LLC now owns 3,514 shares of the electric vehicle producer’s stock valued at $932,000 after buying an additional 2,558 shares during the last quarter. 43.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Tesla

In other news, CEO Elon Musk sold 9,650,000 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the completion of the sale, the chief executive officer now directly owns 455,467,432 shares in the company, valued at $95,001,396,966.56. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, SVP Andrew D. Baglino sold 1,312 shares of the stock in a transaction on Tuesday, December 6th. The shares were sold at an average price of $178.07, for a total transaction of $233,627.84. Following the transaction, the senior vice president now directly owns 64,259 shares of the company’s stock, valued at $11,442,600.13. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Elon Musk sold 9,650,000 shares of the stock in a transaction on Friday, November 4th. The stock was sold at an average price of $208.58, for a total transaction of $2,012,797,000.00. Following the transaction, the chief executive officer now directly owns 455,467,432 shares in the company, valued at $95,001,396,966.56. The disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock worth $4,492,567,309 over the last three months. 25.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TSLA. TheStreet lowered shares of Tesla from a “b-” rating to a “c+” rating in a research note on Tuesday, November 1st. Evercore ISI cut their price objective on shares of Tesla from $300.00 to $200.00 and set an “in-line” rating for the company in a report on Tuesday, December 20th. Wolfe Research cut their price objective on shares of Tesla from $360.00 to $288.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. The Goldman Sachs Group cut their price objective on shares of Tesla from $235.00 to $205.00 and set a “buy” rating for the company in a report on Monday, January 2nd. Finally, Cowen cut their price objective on shares of Tesla from $244.00 to $205.00 and set a “market perform” rating for the company in a report on Thursday, October 20th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $230.20.

Tesla Trading Down 0.8 %

Shares of NASDAQ TSLA opened at $118.85 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.04 and a current ratio of 1.46. Tesla, Inc. has a 52-week low of $101.81 and a 52-week high of $384.29. The firm has a 50 day moving average price of $162.28 and a two-hundred day moving average price of $227.77. The stock has a market cap of $375.30 billion, a P/E ratio of 36.72, a price-to-earnings-growth ratio of 0.83 and a beta of 2.02.

Tesla (NASDAQ:TSLAGet Rating) last announced its quarterly earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.08. Tesla had a net margin of 14.95% and a return on equity of 31.10%. The firm had revenue of $21.45 billion during the quarter, compared to analysts’ expectations of $21.96 billion. During the same period in the prior year, the company posted $0.48 EPS. The company’s revenue was up 55.9% on a year-over-year basis. As a group, equities analysts forecast that Tesla, Inc. will post 3.6 EPS for the current year.

Tesla Profile

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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.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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