Tesla, Inc. (NASDAQ:TSLA) Holdings Boosted by Riverbridge Partners LLC

Riverbridge Partners LLC raised its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,478 shares of the electric vehicle producer’s stock after purchasing an additional 3,652 shares during the quarter. Riverbridge Partners LLC’s holdings in Tesla were worth $1,453,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Means Investment CO. Inc. increased its stake in shares of Tesla by 219.9% in the third quarter. Means Investment CO. Inc. now owns 6,455 shares of the electric vehicle producer’s stock valued at $1,712,000 after purchasing an additional 4,437 shares during the period. Physicians Financial Services Inc. increased its stake in shares of Tesla by 125.6% during the third quarter. Physicians Financial Services Inc. now owns 2,511 shares of the electric vehicle producer’s stock valued at $666,000 after acquiring an additional 1,398 shares during the period. Alaethes Wealth LLC increased its stake in shares of Tesla by 45.1% during the second quarter. Alaethes Wealth LLC now owns 547 shares of the electric vehicle producer’s stock valued at $368,000 after acquiring an additional 170 shares during the period. Beam Wealth Advisors Inc. increased its stake in shares of Tesla by 199.5% during the third quarter. Beam Wealth Advisors Inc. now owns 1,644 shares of the electric vehicle producer’s stock valued at $436,000 after acquiring an additional 1,095 shares during the period. Finally, JB Capital LLC increased its stake in shares of Tesla by 157.1% during the third quarter. JB Capital LLC now owns 3,258 shares of the electric vehicle producer’s stock valued at $864,000 after acquiring an additional 1,991 shares during the period. Institutional investors and hedge funds own 43.00% of the company’s stock.

Analyst Ratings Changes

TSLA has been the topic of a number of research analyst reports. Bank of America lowered their price objective on shares of Tesla from $275.00 to $135.00 and set a “neutral” rating on the stock in a research note on Monday. Oppenheimer lowered shares of Tesla from an “outperform” rating to a “market perform” rating in a research note on Monday, December 19th. The Goldman Sachs Group lowered their price objective on shares of Tesla from $235.00 to $205.00 and set a “buy” rating on the stock in a research note on Monday, January 2nd. Wedbush decreased their price target on shares of Tesla from $250.00 to $175.00 and set an “outperform” rating on the stock in a research report on Friday, December 23rd. Finally, Wolfe Research decreased their price target on shares of Tesla from $360.00 to $288.00 and set an “outperform” rating on the stock in a research report on Thursday, October 20th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $230.20.

Insider Activity

In other news, CFO Zachary Kirkhorn sold 3,752 shares of the firm’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $109.31, for a total transaction of $410,131.12. Following the transaction, the chief financial officer now owns 200,411 shares in the company, valued at approximately $21,906,926.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Elon Musk sold 9,650,000 shares of Tesla stock in a transaction on Friday, November 4th. The shares were sold at an average price of $208.58, for a total value of $2,012,797,000.00. Following the transaction, the chief executive officer now owns 455,467,432 shares in the company, valued at approximately $95,001,396,966.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Zachary Kirkhorn sold 3,752 shares of Tesla stock in a transaction on Wednesday, January 4th. The stock was 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 in the company, valued at approximately $21,906,926.41. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,172,833 shares of company stock worth $4,492,567,309. 25.10% of the stock is owned by corporate insiders.

Tesla Stock Up 3.7 %

Tesla stock opened at $123.22 on Thursday. The company has a market capitalization of $389.10 billion, a P/E ratio of 38.07, a P/E/G ratio of 0.93 and a beta of 2.02. The firm’s fifty day simple moving average is $160.45 and its 200-day simple moving average is $227.04. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. Tesla, Inc. has a 1-year low of $101.81 and a 1-year high of $384.29.

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, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $21.45 billion for the quarter, compared to the consensus estimate of $21.96 billion. Tesla had a net margin of 14.95% and a return on equity of 31.10%. Tesla’s revenue for the quarter was up 55.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. Sell-side analysts forecast that Tesla, Inc. will post 3.6 earnings per share for the current fiscal year.

Tesla Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding TSLA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Tesla, Inc. (NASDAQ:TSLAGet Rating).

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

Receive News & Ratings for Tesla Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tesla and related companies with MarketBeat.com's FREE daily email newsletter.