Tesla, Inc. (NASDAQ:TSLA) Shares Purchased by Lewis Capital Management LLC

Lewis Capital Management LLC boosted its position in Tesla, Inc. (NASDAQ:TSLAGet Rating) by 200.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,578 shares of the electric vehicle producer’s stock after acquiring an additional 3,052 shares during the quarter. Tesla accounts for about 1.9% of Lewis Capital Management LLC’s holdings, making the stock its 12th biggest holding. Lewis Capital Management LLC’s holdings in Tesla were worth $1,214,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. raised its holdings in Tesla by 196.4% during the third quarter. Baillie Gifford & Co. now owns 27,876,833 shares of the electric vehicle producer’s stock worth $7,394,330,000 after purchasing an additional 18,472,529 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in Tesla by 189.0% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 9,366,820 shares of the electric vehicle producer’s stock worth $2,484,549,000 after purchasing an additional 6,125,732 shares in the last quarter. SG Americas Securities LLC raised its holdings in Tesla by 105.0% during the third quarter. SG Americas Securities LLC now owns 105,194 shares of the electric vehicle producer’s stock worth $27,903,000 after purchasing an additional 2,209,304 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Tesla by 217.2% during the third quarter. New York State Teachers Retirement System now owns 3,159,080 shares of the electric vehicle producer’s stock worth $837,946,000 after purchasing an additional 2,163,098 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Tesla by 10.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 14,233,086 shares of the electric vehicle producer’s stock worth $9,584,845,000 after purchasing an additional 1,317,687 shares in the last quarter. Institutional investors and hedge funds own 43.00% of the company’s stock.

Tesla Trading Down 1.3 %

Shares of TSLA stock opened at $127.17 on Friday. The firm has a 50-day moving average price of $151.97 and a 200 day moving average price of $222.67. Tesla, Inc. has a twelve month low of $101.81 and a twelve month high of $384.29. The company has a market capitalization of $401.57 billion, a price-to-earnings ratio of 39.29, a PEG ratio of 0.95 and a beta of 2.02. 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 (NASDAQ:TSLAGet Rating) last announced its earnings results on Wednesday, October 19th. The electric vehicle producer reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.08. The firm had revenue of $21.45 billion during 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%. The firm’s revenue for the quarter was up 55.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.48 EPS. Research analysts forecast that Tesla, Inc. will post 3.6 earnings per share for the current fiscal year.

Insider Buying and Selling at Tesla

In other Tesla news, CFO Zachary Kirkhorn sold 3,751 shares of Tesla stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $222.50, for a total value of $834,597.50. Following the completion of the sale, the chief financial officer now owns 185,276 shares in the company, valued at approximately $41,223,910. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Tesla news, CFO Zachary Kirkhorn sold 3,751 shares of Tesla stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $222.50, for a total value of $834,597.50. Following the completion of the sale, the chief financial officer now owns 185,276 shares in the company, valued at approximately $41,223,910. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Andrew D. Baglino sold 10,500 shares of Tesla stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $117.50, for a total value of $1,233,750.00. Following the completion of the sale, the senior vice president now owns 64,259 shares of the company’s stock, valued at approximately $7,550,432.50. The disclosure for this sale can be found here. Insiders sold 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 company insiders.

Analyst Upgrades and Downgrades

TSLA has been the topic of a number of research analyst reports. Robert W. Baird cut their price objective on shares of Tesla from $316.00 to $252.00 and set an “outperform” rating on the stock in a report on Wednesday, December 28th. Cowen lowered their target price on shares of Tesla from $244.00 to $205.00 and set a “market perform” rating on the stock in a research report on Thursday, October 20th. Evercore ISI lowered their target price on shares of Tesla from $300.00 to $200.00 and set an “in-line” rating on the stock in a research report on Tuesday, December 20th. Daiwa Capital Markets lowered their target price on shares of Tesla from $240.00 to $177.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 20th. Finally, Truist Financial lowered their target price on shares of Tesla from $348.00 to $299.00 and set a “buy” rating on the stock in a research report on Tuesday, January 3rd. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company 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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