Tesla, Inc. $TSLA Shares Purchased by Carr Financial Group Corp

Carr Financial Group Corp grew its position in shares of Tesla, Inc. (NASDAQ:TSLA) by 65.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,165 shares of the electric vehicle producer’s stock after purchasing an additional 1,651 shares during the quarter. Carr Financial Group Corp’s holdings in Tesla were worth $1,852,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of TSLA. Norges Bank acquired a new stake in Tesla in the 2nd quarter valued at about $11,839,824,000. Kingstone Capital Partners Texas LLC raised its holdings in shares of Tesla by 581,880.5% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 6,436,704 shares of the electric vehicle producer’s stock worth $2,044,683,000 after purchasing an additional 6,435,598 shares in the last quarter. Vanguard Group Inc. lifted its stake in Tesla by 1.8% during the second quarter. Vanguard Group Inc. now owns 251,390,681 shares of the electric vehicle producer’s stock valued at $79,856,764,000 after purchasing an additional 4,502,976 shares during the last quarter. Amundi boosted its holdings in Tesla by 29.4% during the first quarter. Amundi now owns 16,771,882 shares of the electric vehicle producer’s stock worth $4,482,789,000 after buying an additional 3,814,610 shares in the last quarter. Finally, Caxton Associates LLP acquired a new position in Tesla in the first quarter worth approximately $469,339,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TSLA shares. Evercore ISI increased their price objective on Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Benchmark reaffirmed a “buy” rating on shares of Tesla in a research report on Thursday, October 23rd. Cantor Fitzgerald set a $510.00 price target on Tesla and gave the company an “overweight” rating in a research report on Thursday, October 23rd. William Blair restated a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Tesla in a research note on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the stock. According to MarketBeat.com, Tesla has an average rating of “Hold” and a consensus price target of $402.25.

Tesla Price Performance

NASDAQ TSLA opened at $483.37 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The firm has a market capitalization of $1.61 trillion, a price-to-earnings ratio of 322.25, a price-to-earnings-growth ratio of 11.68 and a beta of 1.87. The company has a 50 day simple moving average of $438.62 and a 200-day simple moving average of $379.59. Tesla, Inc. has a 52-week low of $214.25 and a 52-week high of $495.28.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $28.10 billion for the quarter, compared to analyst estimates of $24.98 billion. Tesla had a net margin of 5.51% and a return on equity of 6.61%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 EPS. Equities research analysts predict that Tesla, Inc. will post 2.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Vaibhav Taneja sold 2,637 shares of the firm’s stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the sale, the chief financial officer directly owned 13,757 shares of the company’s stock, valued at $6,107,145.01. This trade represents a 16.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 19.90% of the company’s stock.

Tesla Profile

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; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.