Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Lincoln Capital LLC

Lincoln Capital LLC boosted its stake in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,290 shares of the electric vehicle producer’s stock after acquiring an additional 860 shares during the quarter. Lincoln Capital LLC’s holdings in Tesla were worth $342,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in 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 purchasing an additional 1,317,687 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings 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 during the period. Northern Trust Corp raised its holdings in shares of Tesla by 2.5% during the 1st quarter. Northern Trust Corp now owns 8,774,479 shares of the electric vehicle producer’s stock worth $9,455,380,000 after acquiring an additional 216,282 shares during the period. Legal & General Group Plc raised its holdings in shares of Tesla by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 5,418,585 shares of the electric vehicle producer’s stock worth $3,648,999,000 after acquiring an additional 308,731 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Tesla by 5.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,072,718 shares of the electric vehicle producer’s stock worth $4,388,761,000 after acquiring an additional 197,467 shares during the period. Institutional investors and hedge funds own 43.00% of the company’s stock.

Insider Activity at Tesla

In related news, CFO Zachary Kirkhorn sold 3,751 shares of Tesla stock in a transaction on Friday, November 4th. The stock was sold at an average price of $222.50, for a total transaction of $834,597.50. Following the completion of the transaction, the chief financial officer now directly owns 185,276 shares of the company’s stock, valued at $41,223,910. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Tesla news, CFO Zachary Kirkhorn sold 3,751 shares of Tesla stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $222.50, for a total transaction of $834,597.50. Following the completion of the transaction, the chief financial officer now owns 185,276 shares in the company, valued at $41,223,910. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Elon Musk sold 9,650,000 shares of the stock in a transaction that occurred 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 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 have 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Canaccord Genuity Group reduced their price target on Tesla from $304.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, December 22nd. Robert W. Baird reduced their price target on Tesla from $316.00 to $252.00 and set an “outperform” rating on the stock in a report on Wednesday, December 28th. Edward Jones upgraded Tesla from a “hold” rating to a “buy” rating in a report on Thursday, January 5th. Evercore ISI reduced their price objective on shares of Tesla from $300.00 to $200.00 and set an “in-line” rating on the stock in a report on Tuesday, December 20th. Finally, Wells Fargo & Company reduced their price objective on shares of Tesla from $280.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, October 14th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tesla has an average rating of “Hold” and a consensus target price of $230.20.

Tesla Stock Down 0.8 %

Tesla stock opened at $118.85 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.46 and a quick ratio of 1.04. Tesla, Inc. has a 1-year low of $101.81 and a 1-year high of $384.29. The company has a market cap of $375.30 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 0.83 and a beta of 2.02. The stock’s 50 day moving average price is $162.28 and its 200 day moving average price is $227.77.

Tesla (NASDAQ:TSLAGet Rating) last posted its quarterly earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, beating 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 firm had revenue of $21.45 billion for the quarter, compared to the consensus estimate of $21.96 billion. During the same period in the previous year, the business earned $0.48 earnings per share. The company’s revenue for the quarter was up 55.9% compared to the same quarter last year. On average, sell-side analysts predict that Tesla, Inc. will post 3.6 EPS for the current fiscal year.

Tesla Company 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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