Tesla Inc (NASDAQ:TSLA) Holdings Boosted by Intellectus Partners LLC

Intellectus Partners LLC boosted its holdings in Tesla Inc (NASDAQ:TSLA) by 9.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,665 shares of the electric vehicle producer’s stock after acquiring an additional 674 shares during the period. Intellectus Partners LLC’s holdings in Tesla were worth $1,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of TSLA. Regentatlantic Capital LLC increased its stake in shares of Tesla by 4.7% during the second quarter. Regentatlantic Capital LLC now owns 994 shares of the electric vehicle producer’s stock valued at $222,000 after acquiring an additional 45 shares during the period. Clarus Wealth Advisors increased its stake in shares of Tesla by 83.3% during the second quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock valued at $25,000 after acquiring an additional 50 shares during the period. BB&T Securities LLC increased its stake in shares of Tesla by 1.4% during the second quarter. BB&T Securities LLC now owns 3,560 shares of the electric vehicle producer’s stock valued at $795,000 after acquiring an additional 50 shares during the period. Truewealth LLC increased its stake in shares of Tesla by 15.4% during the second quarter. Truewealth LLC now owns 390 shares of the electric vehicle producer’s stock valued at $87,000 after acquiring an additional 52 shares during the period. Finally, Sawtooth Solutions LLC increased its stake in shares of Tesla by 1.0% during the second quarter. Sawtooth Solutions LLC now owns 5,247 shares of the electric vehicle producer’s stock valued at $1,172,000 after acquiring an additional 52 shares during the period. 54.42% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently commented on the stock. Credit Suisse Group set a $189.00 price objective on shares of Tesla and gave the company a “sell” rating in a research note on Friday, October 4th. Goldman Sachs Group restated a “sell” rating and issued a $158.00 price target on shares of Tesla in a research report on Thursday, July 25th. Jefferies Financial Group set a $300.00 price target on shares of Tesla and gave the stock a “buy” rating in a research report on Friday, June 21st. Barclays restated an “underweight” rating and issued a $150.00 price target on shares of Tesla in a research report on Thursday, July 25th. Finally, UBS Group set a $160.00 price target on shares of Tesla and gave the stock a “sell” rating in a research report on Thursday, July 25th. Eighteen research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Tesla has an average rating of “Hold” and a consensus price target of $266.76.

Shares of NASDAQ:TSLA traded up $5.69 during trading on Friday, reaching $250.43. 3,056,117 shares of the company traded hands, compared to its average volume of 7,827,655. The firm has a fifty day simple moving average of $232.58 and a 200 day simple moving average of $235.36. The firm has a market cap of $44.45 billion, a P/E ratio of -43.78 and a beta of 0.52. Tesla Inc has a 1-year low of $176.99 and a 1-year high of $379.49. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 1.71.

Tesla (NASDAQ:TSLA) last released its quarterly earnings data on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.55) by ($0.76). Tesla had a negative net margin of 2.64% and a negative return on equity of 11.42%. The business had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.44 billion. During the same period in the previous year, the firm posted ($3.06) EPS. The firm’s revenue for the quarter was up 58.7% on a year-over-year basis. As a group, research analysts anticipate that Tesla Inc will post -7.51 EPS for the current year.

In other news, Director Kathleen Wilson-Thompson bought 360 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of $221.71 per share, with a total value of $79,815.60. Following the transaction, the director now directly owns 360 shares in the company, valued at $79,815.60. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Jeffrey B. Straubel sold 15,000 shares of the business’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $230.45, for a total transaction of $3,456,750.00. Following the transaction, the insider now directly owns 287,723 shares of the company’s stock, valued at approximately $66,305,765.35. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,450 shares of company stock valued at $3,565,073. 24.40% of the stock is owned by company insiders.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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