Tesla, Inc. $TSLA Shares Purchased by Benjamin Edwards Inc.

Benjamin Edwards Inc. boosted its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 7.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,300 shares of the electric vehicle producer’s stock after buying an additional 2,639 shares during the period. Benjamin Edwards Inc.’s holdings in Tesla were worth $17,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Chapman Financial Group LLC purchased a new stake in Tesla during the second quarter valued at about $26,000. LGT Financial Advisors LLC purchased a new position in shares of Tesla in the 2nd quarter worth about $29,000. CoreFirst Bank & Trust acquired a new position in shares of Tesla in the 2nd quarter valued at about $30,000. ESL Trust Services LLC grew its holdings in shares of Tesla by 1,900.0% during the 2nd quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares during the period. Finally, Delos Wealth Advisors LLC purchased a new position in Tesla in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 66.20% of the company’s stock.

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $445.40, for a total value of $26,724,000.00. Following the completion of the sale, the director directly owned 577,031 shares of the company’s stock, valued at $257,009,607.40. This represents a 9.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Kimbal Musk sold 56,820 shares of Tesla stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $450.66, for a total value of $25,606,501.20. Following the sale, the director directly owned 1,391,615 shares in the company, valued at $627,145,215.90. The trade was a 3.92% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 119,457 shares of company stock valued at $53,501,145 over the last three months. 19.90% of the stock is currently owned by insiders.

Tesla Stock Up 2.1%

TSLA opened at $445.01 on Friday. 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 company has a market capitalization of $1.48 trillion, a PE ratio of 296.67, a P/E/G ratio of 7.15 and a beta of 1.83. The stock’s fifty day moving average is $444.28 and its 200-day moving average is $395.12. Tesla, Inc. has a one year low of $214.25 and a one year high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $28.10 billion for 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%.Tesla’s revenue was up 11.6% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. On average, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current fiscal year.

More Tesla News

Here are the key news stories impacting Tesla this week:

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on TSLA shares. Needham & Company LLC reiterated a “hold” rating on shares of Tesla in a research note on Thursday, October 23rd. Wall Street Zen raised shares of Tesla from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. William Blair reissued a “market perform” rating on shares of Tesla in a research report on Friday, January 2nd. Mizuho upped their target price on shares of Tesla from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Tuesday, December 16th. Finally, Bank of America raised their price target on shares of Tesla from $341.00 to $471.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, fourteen have issued a Hold rating and nine have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Tesla currently has a consensus rating of “Hold” and a consensus price target of $408.54.

Read Our Latest Research Report on TSLA

Tesla 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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