CHICAGO TRUST Co NA Reduces Position in Tesla, Inc. $TSLA

CHICAGO TRUST Co NA lessened its stake in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 38.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,158 shares of the electric vehicle producer’s stock after selling 1,342 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Tesla were worth $960,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Chapman Financial Group LLC purchased a new stake in Tesla during the 2nd quarter valued at $26,000. Chelsea Counsel Co. increased its position in Tesla by 59.7% during the first quarter. Chelsea Counsel Co. now owns 107 shares of the electric vehicle producer’s stock valued at $28,000 after acquiring an additional 40 shares during the last quarter. LGT Financial Advisors LLC bought a new position in Tesla in the second quarter valued at about $29,000. CoreFirst Bank & Trust purchased a new position in Tesla in the second quarter worth about $30,000. Finally, Delos Wealth Advisors LLC bought a new stake in shares of Tesla during the 2nd quarter valued at about $32,000. 66.20% of the stock is currently owned by institutional investors.

Tesla Trading Up 1.6%

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

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings data on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $28.10 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $0.72 earnings per share. On average, analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TSLA shares. President Capital increased their price objective on shares of Tesla from $373.00 to $529.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Cantor Fitzgerald set a $510.00 price target on shares of Tesla and gave the stock an “overweight” rating in a research report on Thursday, October 23rd. Needham & Company LLC reissued a “hold” rating on shares of Tesla in a research report on Thursday, October 23rd. DZ Bank restated a “sell” rating on shares of Tesla in a research note on Thursday, October 23rd. Finally, Wedbush reiterated an “outperform” rating and set a $600.00 target price on shares of Tesla in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, fourteen have assigned a Hold rating and nine have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $404.14.

View Our Latest Stock Report on Tesla

Insider Buying and Selling

In other news, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction that occurred on 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 sale, the chief financial officer owned 13,757 shares in the company, valued at $6,107,145.01. This trade represents a 16.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the business’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total transaction of $25,606,501.20. Following the completion of the transaction, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. This trade represents a 3.92% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 19.90% of the company’s stock.

Tesla News Roundup

Here are the key news stories impacting Tesla this week:

About Tesla

(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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