Tesla, Inc. (NASDAQ:TSLA) Shares Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. boosted its holdings in shares of Tesla, Inc. (NASDAQ:TSLAGet Rating) by 185.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,574 shares of the electric vehicle producer’s stock after acquiring an additional 1,671 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Tesla were worth $683,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TSLA. Riggs Asset Managment Co. Inc. boosted its position in shares of 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 buying an additional 11 shares during the period. Advisor OS LLC boosted its position in shares of 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 buying an additional 12 shares during the period. Alera Investment Advisors LLC boosted its position in shares of 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 buying an additional 12 shares during the period. Stanley Laman Group Ltd. boosted its position in shares of 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 buying an additional 12 shares during the period. Finally, Trust Co. of Toledo NA OH boosted its holdings in Tesla by 1.2% in the second quarter. Trust Co. of Toledo NA OH now owns 1,004 shares of the electric vehicle producer’s stock valued at $676,000 after purchasing an additional 12 shares during the period. Institutional investors and hedge funds own 43.00% of the company’s stock.

Insiders Place Their Bets

In other 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 approximately $14,484,090.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 approximately $14,484,090.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Elon Musk sold 9,650,000 shares of the business’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 value of $2,012,797,000.00. Following the sale, the chief executive officer now directly owns 455,467,432 shares in the company, valued at approximately $95,001,396,966.56. 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. Company insiders own 25.10% of the company’s stock.

Tesla Stock Performance

NASDAQ TSLA opened at $128.78 on Thursday. The company has a current ratio of 1.46, a quick ratio of 1.04 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $153.24 and its two-hundred day moving average is $223.34. Tesla, Inc. has a 12-month low of $101.81 and a 12-month high of $384.29. The stock has a market capitalization of $406.66 billion, a price-to-earnings ratio of 39.79, a PEG ratio of 0.95 and a beta of 2.02.

Tesla (NASDAQ:TSLAGet Rating) last released its earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share (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 company 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 firm posted $0.48 EPS. The firm’s quarterly revenue was up 55.9% on a year-over-year basis. Research analysts expect that Tesla, Inc. will post 3.6 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Jefferies Financial Group decreased their target price on Tesla from $350.00 to $180.00 and set a “buy” rating for the company in a report on Tuesday. Wolfe Research decreased their target price on Tesla from $360.00 to $288.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. Canaccord Genuity Group decreased their target price on Tesla from $304.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, December 22nd. Morgan Stanley decreased their target price on Tesla from $330.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday, December 28th. Finally, JPMorgan Chase & Co. decreased their target price on Tesla from $150.00 to $125.00 and set an “underweight” rating for the company in a report on Tuesday, January 3rd. Six research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $219.23.

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.

Further Reading

Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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