Financial Insights Inc. Invests $382,000 in Tesla, Inc. (NASDAQ:TSLA)

Financial Insights Inc. bought a new position in Tesla, Inc. (NASDAQ:TSLAGet Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,442 shares of the electric vehicle producer’s stock, valued at approximately $382,000.

Other large investors have also made changes to their positions in the company. Cranbrook Wealth Management LLC raised its position in shares of Tesla by 224.1% in the 3rd quarter. Cranbrook Wealth Management LLC now owns 94 shares of the electric vehicle producer’s stock worth $25,000 after buying an additional 65 shares during the period. TFO TDC LLC purchased a new position in Tesla in the second quarter valued at about $27,000. Horan Securities Inc. raised its position in Tesla by 164.3% in the second quarter. Horan Securities Inc. now owns 37 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Verity Asset Management Inc. purchased a new position in Tesla in the first quarter valued at about $28,000. Finally, Norway Savings Bank raised its position in Tesla by 200.0% in the third quarter. Norway Savings Bank now owns 105 shares of the electric vehicle producer’s stock valued at $28,000 after purchasing an additional 70 shares during the period. 43.00% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Andrew D. Baglino sold 10,500 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total transaction of $2,414,475.00. Following the sale, the senior vice president now owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Tesla news, SVP Andrew D. Baglino sold 10,500 shares of the company’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $229.95, for a total value of $2,414,475.00. Following the transaction, the senior vice president now owns 62,988 shares of the company’s stock, valued at $14,484,090.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Zachary Kirkhorn sold 3,752 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were 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 approximately $21,906,926.41. The disclosure for this sale can be found here. Insiders have sold a total of 24,172,833 shares of company stock valued at $4,492,567,309 over the last quarter. Corporate insiders own 25.10% of the company’s stock.

Tesla Price Performance

Shares of NASDAQ:TSLA opened at $123.56 on Friday. Tesla, Inc. has a 12 month low of $101.81 and a 12 month high of $384.29. The stock has a market cap of $390.17 billion, a price-to-earnings ratio of 38.18, a PEG ratio of 0.93 and a beta of 2.02. The stock’s 50 day moving average price is $158.61 and its 200 day moving average price is $226.32. 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 (NASDAQ:TSLAGet Rating) last announced its earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $21.96 billion. During the same quarter in the previous year, the company earned $0.48 earnings per share. The firm’s quarterly revenue was up 55.9% compared to the same quarter last year. Equities research analysts anticipate that Tesla, Inc. will post 3.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TSLA. Needham & Company LLC upgraded Tesla from an “underperform” rating to a “hold” rating in a research note on Thursday, September 15th. Robert W. Baird lowered their target price on Tesla from $316.00 to $252.00 and set an “outperform” rating for the company in a research note on Wednesday, December 28th. Cowen lowered their target price on Tesla from $244.00 to $205.00 and set a “market perform” rating for the company in a research note on Thursday, October 20th. Mizuho lowered their target price on Tesla from $285.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, January 5th. Finally, Oppenheimer downgraded Tesla from an “outperform” rating to a “market perform” rating in a research note on Monday, December 19th. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $230.20.

About Tesla

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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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