Bourne Lent Asset Management Inc. Grows Position in Tesla, Inc. (NASDAQ:TSLA)

Bourne Lent Asset Management Inc. raised its holdings in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,600 shares of the electric vehicle producer’s stock after acquiring an additional 8,400 shares during the period. Tesla makes up 1.5% of Bourne Lent Asset Management Inc.’s investment portfolio, making the stock its 17th largest position. Bourne Lent Asset Management Inc.’s holdings in Tesla were worth $3,342,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Means Investment CO. Inc. raised its holdings in shares of Tesla by 219.9% in the 3rd quarter. Means Investment CO. Inc. now owns 6,455 shares of the electric vehicle producer’s stock valued at $1,712,000 after acquiring an additional 4,437 shares in the last quarter. Physicians Financial Services Inc. raised its holdings in shares of Tesla by 125.6% during the 3rd quarter. Physicians Financial Services Inc. now owns 2,511 shares of the electric vehicle producer’s stock valued at $666,000 after buying an additional 1,398 shares in the last quarter. Hancock Whitney Corp raised its holdings in shares of Tesla by 234.4% during the 3rd quarter. Hancock Whitney Corp now owns 6,794 shares of the electric vehicle producer’s stock valued at $1,802,000 after buying an additional 4,762 shares in the last quarter. Alaethes Wealth LLC raised its holdings in shares of Tesla by 45.1% during the 2nd quarter. Alaethes Wealth LLC now owns 547 shares of the electric vehicle producer’s stock valued at $368,000 after buying an additional 170 shares in the last quarter. Finally, Symphony Financial Ltd. Co. raised its holdings in shares of Tesla by 56.4% during the 3rd quarter. Symphony Financial Ltd. Co. now owns 3,115 shares of the electric vehicle producer’s stock valued at $835,000 after buying an additional 1,123 shares in the last quarter. Hedge funds and other institutional investors own 43.00% of the company’s stock.

Insider Buying and Selling at Tesla

In other Tesla news, CAO Vaibhav Taneja sold 3,768 shares of Tesla stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total transaction of $670,967.76. Following the completion of the transaction, the chief accounting officer now owns 95,785 shares in the company, valued at $17,056,434.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Zachary Kirkhorn sold 3,752 shares of the business’s stock in a transaction on Wednesday, January 4th. The stock was 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 owns 200,411 shares in the company, valued at $21,906,926.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Vaibhav Taneja sold 3,768 shares of the business’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $178.07, for a total value of $670,967.76. Following the completion of the transaction, the chief accounting officer now owns 95,785 shares of the company’s stock, valued at approximately $17,056,434.95. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 24,172,833 shares of company stock worth $4,492,567,309. 25.10% of the stock is owned by insiders.

Tesla Trading Down 1.3 %

TSLA opened at $127.17 on Friday. The stock has a market cap of $401.57 billion, a PE ratio of 39.29, a PEG ratio of 0.95 and a beta of 2.02. The company has a quick ratio of 1.04, a current ratio of 1.46 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $151.97 and a 200-day moving average of $222.67. Tesla, Inc. has a 52 week low of $101.81 and a 52 week high of $384.29.

Tesla (NASDAQ:TSLAGet Rating) last announced its quarterly earnings data on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.08. The business had revenue of $21.45 billion during the quarter, compared to analysts’ expectations of $21.96 billion. Tesla had a return on equity of 31.10% and a net margin of 14.95%. The firm’s quarterly revenue was up 55.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. Equities research analysts predict that Tesla, Inc. will post 3.6 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on Tesla from $350.00 to $180.00 and set a “buy” rating on the stock in a report on Tuesday. Guggenheim cut Tesla from a “neutral” rating to a “sell” rating in a report on Friday, January 13th. Cowen decreased their price objective on Tesla from $205.00 to $122.00 in a report on Tuesday, January 3rd. Daiwa Capital Markets reduced their price target on Tesla from $240.00 to $177.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 20th. Finally, Global Equities Research restated a “buy” rating on shares of Tesla in a research report on Tuesday, November 8th. Six research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, Tesla has a consensus rating of “Hold” and an average price target of $218.29.

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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