Brighton Jones LLC Has $48.48 Million Holdings in Tesla, Inc. $TSLA

Brighton Jones LLC increased its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 26.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 109,017 shares of the electric vehicle producer’s stock after acquiring an additional 22,620 shares during the period. Tesla comprises about 1.2% of Brighton Jones LLC’s portfolio, making the stock its 12th largest position. Brighton Jones LLC’s holdings in Tesla were worth $48,482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TSLA. Revolve Wealth Partners LLC boosted its position in shares of Tesla by 21.2% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer’s stock worth $2,147,000 after buying an additional 931 shares during the period. Bison Wealth LLC lifted its stake in Tesla by 52.2% in the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer’s stock valued at $4,187,000 after acquiring an additional 3,558 shares in the last quarter. AlphaQuest LLC boosted its position in Tesla by 34.2% during the 1st quarter. AlphaQuest LLC now owns 259 shares of the electric vehicle producer’s stock worth $67,000 after acquiring an additional 66 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Tesla by 11.1% during the 1st quarter. Synovus Financial Corp now owns 28,485 shares of the electric vehicle producer’s stock worth $7,382,000 after acquiring an additional 2,841 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Tesla by 13.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 16,065 shares of the electric vehicle producer’s stock valued at $4,164,000 after purchasing an additional 1,849 shares during the last quarter. 66.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on TSLA shares. JPMorgan Chase & Co. increased their target price on shares of Tesla from $115.00 to $150.00 in a report on Friday, October 3rd. UBS Group reissued a “sell” rating on shares of Tesla in a research report on Friday, November 7th. Morgan Stanley set a $425.00 price objective on Tesla and gave the company an “equal weight” rating in a report on Sunday, December 7th. Stifel Nicolaus lifted their target price on Tesla from $483.00 to $508.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Finally, China Renaissance increased their price target on Tesla from $349.00 to $380.00 and gave the company a “hold” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have given a Hold rating and nine have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $404.14.

Check Out Our Latest Research Report on Tesla

Tesla Trading Up 1.6%

Tesla stock opened at $488.73 on Tuesday. The stock has a 50-day simple moving average of $441.03 and a 200 day simple moving average of $382.58. The stock has a market capitalization of $1.63 trillion, a P/E ratio of 325.82, a PEG ratio of 12.02 and a beta of 1.87. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.67 and a current ratio of 2.07. Tesla, Inc. has a 52 week low of $214.25 and a 52 week high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last released its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $28.10 billion during the quarter, compared to analysts’ expectations of $24.98 billion. Tesla had a return on equity of 6.61% and a net margin of 5.51%.The business’s revenue was up 11.6% on a year-over-year basis. During the same period last year, the firm posted $0.72 earnings per share. Analysts expect that Tesla, Inc. will post 2.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 transaction of $25,606,501.20. Following the completion of the sale, the director owned 1,391,615 shares of the company’s stock, valued at approximately $627,145,215.90. The trade was a 3.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares in the company, valued at approximately $6,107,145.01. This trade represents a 16.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 19.90% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

Tesla Company Profile

(Free Report)

Tesla, Inc (NASDAQ: TSLA) is an American company that designs, manufactures and sells electric vehicles, energy generation and energy storage products. Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla grew into a vertically integrated mobility and clean‑energy company with Elon Musk serving as its chief executive officer. The company’s stated mission is to accelerate the world’s transition to sustainable energy, reflected in its combined focus on electric drivetrains, battery technology, renewable energy products and software.

Tesla’s automotive business includes a lineup of battery‑electric vehicles and related services.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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