Callahan Advisors LLC Grows Stock Position in Tesla, Inc. (NASDAQ:TSLA)

Callahan Advisors LLC lifted its stake in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 194.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,265 shares of the electric vehicle producer’s stock after purchasing an additional 835 shares during the quarter. Callahan Advisors LLC’s holdings in Tesla were worth $336,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of TSLA. Riggs Asset Managment Co. Inc. grew its holdings in Tesla by 0.6% during the second quarter. Riggs Asset Managment Co. Inc. now owns 1,761 shares of the electric vehicle producer’s stock worth $1,186,000 after acquiring an additional 11 shares during the period. Advisor OS LLC grew its holdings in Tesla by 2.4% during the second quarter. Advisor OS LLC now owns 510 shares of the electric vehicle producer’s stock worth $344,000 after acquiring an additional 12 shares during the period. Alera Investment Advisors LLC grew its holdings in Tesla by 1.4% during the second quarter. Alera Investment Advisors LLC now owns 852 shares of the electric vehicle producer’s stock worth $574,000 after acquiring an additional 12 shares during the period. Stanley Laman Group Ltd. grew its holdings in Tesla by 4.0% during the second quarter. Stanley Laman Group Ltd. now owns 314 shares of the electric vehicle producer’s stock worth $211,000 after acquiring an additional 12 shares during the period. Finally, Trust Co. of Toledo NA OH grew its holdings in Tesla by 1.2% during the second quarter. Trust Co. of Toledo NA OH now owns 1,004 shares of the electric vehicle producer’s stock worth $676,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 43.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TSLA. Wells Fargo & Company lowered their target price on Tesla from $230.00 to $130.00 and set an “equal weight” rating on the stock in a report on Friday. Canaccord Genuity Group lowered their target price on Tesla from $304.00 to $275.00 and set a “buy” rating on the stock in a report on Thursday, December 22nd. Daiwa Capital Markets lowered their target price on Tesla from $240.00 to $177.00 and set an “outperform” rating on the stock in a report on Tuesday, December 20th. Wolfe Research lowered their target price on Tesla from $360.00 to $288.00 and set an “outperform” rating on the stock in a report on Thursday, October 20th. Finally, Evercore ISI lowered their target price on Tesla from $300.00 to $200.00 and set an “in-line” rating on the stock in a report on Tuesday, December 20th. Six research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $225.95.

Tesla Stock Performance

Tesla stock opened at $122.40 on Friday. The stock’s 50-day moving average is $156.91 and its 200-day moving average is $225.47. The company has a market cap of $386.51 billion, a price-to-earnings ratio of 37.82, a price-to-earnings-growth ratio of 0.96 and a beta of 2.02. 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 12 month low of $101.81 and a 12 month high of $384.29.

Tesla (NASDAQ:TSLAGet Rating) last released its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 EPS 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 for the quarter, compared to the consensus estimate of $21.96 billion. During the same period last year, the business posted $0.48 EPS. The company’s quarterly revenue was up 55.9% compared to the same quarter last year. Equities analysts anticipate that Tesla, Inc. will post 3.6 earnings per share for the current year.

Insider Buying and Selling at Tesla

In other Tesla news, SVP Andrew D. Baglino sold 1,312 shares of the firm’s stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $233,627.84. Following the completion of the sale, the senior vice president now owns 64,259 shares in the company, valued at approximately $11,442,600.13. The sale was disclosed in a legal 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 firm’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 completion of the sale, the senior vice president now owns 62,988 shares in the company, valued at approximately $14,484,090.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Andrew D. Baglino sold 1,312 shares of Tesla stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total value of $233,627.84. Following the completion of the transaction, the senior vice president now owns 64,259 shares of the company’s stock, valued at approximately $11,442,600.13. 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 in the last 90 days. 25.10% of the stock is owned by corporate insiders.

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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