Tesla, Inc. (NASDAQ:TSLA) Shares Acquired by HBC Financial Services PLLC

HBC Financial Services PLLC lifted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,995 shares of the electric vehicle producer’s stock after acquiring an additional 1,330 shares during the period. Tesla accounts for approximately 0.4% of HBC Financial Services PLLC’s investment portfolio, making the stock its 14th biggest holding. HBC Financial Services PLLC’s holdings in Tesla were worth $529,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TSLA. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Tesla by 189.0% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock worth $2,484,549,000 after acquiring an additional 6,125,732 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Tesla by 10.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock worth $9,584,845,000 after acquiring an additional 1,317,687 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Tesla by 109.2% during the 1st quarter. Renaissance Technologies LLC now owns 1,555,375 shares of the electric vehicle producer’s stock worth $1,676,072,000 after acquiring an additional 811,900 shares in the last quarter. Sloy Dahl & Holst LLC raised its position in shares of Tesla by 202.5% during the 3rd quarter. Sloy Dahl & Holst LLC now owns 1,029,501 shares of the electric vehicle producer’s stock worth $273,075,000 after acquiring an additional 689,147 shares in the last quarter. Finally, Banco Santander S.A. increased its position in Tesla by 2,437.5% during the second quarter. Banco Santander S.A. now owns 674,891 shares of the electric vehicle producer’s stock worth $454,485,000 after buying an additional 648,294 shares during the period. Institutional investors and hedge funds own 43.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. The Goldman Sachs Group cut their price target on Tesla from $235.00 to $205.00 and set a “buy” rating on the stock in a research report on Monday, January 2nd. Global Equities Research reaffirmed a “buy” rating on shares of Tesla in a research report on Tuesday, November 8th. TheStreet lowered Tesla from a “b-” rating to a “c+” rating in a research report on Tuesday, November 1st. JPMorgan Chase & Co. cut their price target on Tesla from $150.00 to $125.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 3rd. Finally, Roth Capital lifted their price target on Tesla from $83.33 to $85.00 and gave the stock a “neutral” rating in a research 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $230.20.

Tesla Stock Performance

NASDAQ TSLA opened at $118.85 on Wednesday. Tesla, Inc. has a fifty-two week low of $101.81 and a fifty-two week high of $384.29. The stock has a market cap of $375.30 billion, a price-to-earnings ratio of 36.72, a price-to-earnings-growth ratio of 0.83 and a beta of 2.02. The business has a fifty day moving average of $162.28 and a 200-day moving average of $227.77. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05.

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

Insider Transactions at Tesla

In related news, CFO Zachary Kirkhorn sold 3,752 shares of the company’s stock in a transaction on Wednesday, January 4th. The stock was sold at an average price of $109.31, for a total value of $410,131.12. Following the completion of the transaction, the chief financial officer now directly owns 200,411 shares in the company, valued at $21,906,926.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Zachary Kirkhorn sold 3,752 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total transaction of $410,131.12. Following the completion of the transaction, the chief financial officer now owns 200,411 shares of the company’s stock, valued at approximately $21,906,926.41. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Elon Musk sold 9,650,000 shares of the firm’s stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders sold a total of 24,172,833 shares of company stock valued at $4,492,567,309 over the last three months. 25.10% of the stock is currently owned by insiders.

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.

See Also

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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