Commerzbank Aktiengesellschaft FI grew its stake in Tesla Inc (NASDAQ:TSLA) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 775,005 shares of the electric vehicle producer’s stock after acquiring an additional 82,505 shares during the quarter. Tesla comprises approximately 1.5% of Commerzbank Aktiengesellschaft FI’s portfolio, making the stock its 10th biggest holding. Commerzbank Aktiengesellschaft FI owned approximately 0.43% of Tesla worth $186,675,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently modified their holdings of the company. Clarus Wealth Advisors increased its stake in Tesla by 83.3% in the second quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 50 shares during the last quarter. Trustcore Financial Services LLC increased its stake in Tesla by 121.8% in the second quarter. Trustcore Financial Services LLC now owns 122 shares of the electric vehicle producer’s stock valued at $27,000 after purchasing an additional 67 shares during the last quarter. AllSquare Wealth Management LLC acquired a new position in Tesla in the second quarter valued at $28,000. Bedel Financial Consulting Inc. increased its stake in Tesla by 197.7% in the second quarter. Bedel Financial Consulting Inc. now owns 128 shares of the electric vehicle producer’s stock valued at $29,000 after purchasing an additional 85 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in Tesla in the second quarter valued at $30,000. Institutional investors and hedge funds own 54.41% of the company’s stock.
In other news, CFO Zachary Kirkhorn sold 150 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $224.00, for a total value of $33,600.00. Following the completion of the sale, the chief financial officer now owns 9,812 shares of the company’s stock, valued at $2,197,888. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Robyn M. Denholm bought 1,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The stock was bought at an average cost of $232.72 per share, with a total value of $232,720.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $232,720. The disclosure for this purchase can be found here. Insiders sold 15,300 shares of company stock valued at $3,526,721 in the last ninety days. Company insiders own 24.40% of the company’s stock.
NASDAQ:TSLA traded up $2.67 on Thursday, hitting $262.42. 3,068,212 shares of the stock were exchanged, compared to its average volume of 7,992,599. The stock has a market cap of $47.01 billion, a PE ratio of -45.88 and a beta of 0.52. The company has a current ratio of 1.06, a quick ratio of 0.71 and a debt-to-equity ratio of 1.71. The stock has a fifty day moving average of $237.17 and a 200-day moving average of $234.90. Tesla Inc has a fifty-two week low of $176.99 and a fifty-two week high of $379.49.
Tesla (NASDAQ:TSLA) last announced its quarterly earnings results on Wednesday, July 24th. The electric vehicle producer reported ($2.31) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.55) by ($0.76). Tesla had a negative return on equity of 11.42% and a negative net margin of 2.64%. The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the company earned ($3.06) earnings per share. The business’s revenue was up 58.7% compared to the same quarter last year. As a group, analysts predict that Tesla Inc will post -7.51 earnings per share for the current year.
Several equities analysts recently commented on the company. Sanford C. Bernstein set a $325.00 target price on Tesla and gave the company a “hold” rating in a research note on Wednesday, August 21st. UBS Group set a $160.00 target price on Tesla and gave the company a “sell” rating in a research note on Thursday, July 25th. Royal Bank of Canada reiterated a “sell” rating on shares of Tesla in a research note on Thursday, October 3rd. China Renaissance Securities assumed coverage on Tesla in a research note on Thursday, September 26th. They issued a “buy” rating and a $324.00 target price for the company. Finally, Credit Suisse Group set a $189.00 target price on Tesla and gave the company a “sell” rating in a research note on Friday, October 4th. Eighteen investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Tesla presently has an average rating of “Hold” and an average target price of $266.76.
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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