Fulton Breakefield Broenniman LLC Acquires 5,390 Shares of Tesla, Inc. $TSLA

Fulton Breakefield Broenniman LLC increased its holdings in Tesla, Inc. (NASDAQ:TSLAFree Report) by 72.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 12,866 shares of the electric vehicle producer’s stock after purchasing an additional 5,390 shares during the quarter. Fulton Breakefield Broenniman LLC’s holdings in Tesla were worth $5,722,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. LeConte Wealth Management LLC boosted its position in Tesla by 1.1% during the 3rd quarter. LeConte Wealth Management LLC now owns 2,966 shares of the electric vehicle producer’s stock valued at $1,319,000 after acquiring an additional 31 shares in the last quarter. Eagle Capital Management LLC lifted its stake in shares of Tesla by 11.3% during the 3rd quarter. Eagle Capital Management LLC now owns 986 shares of the electric vehicle producer’s stock worth $438,000 after purchasing an additional 100 shares during the last quarter. Howard Capital Management Group LLC boosted its position in Tesla by 3.8% during the third quarter. Howard Capital Management Group LLC now owns 4,190 shares of the electric vehicle producer’s stock valued at $1,863,000 after purchasing an additional 152 shares in the last quarter. Darwin Wealth Management LLC grew its stake in Tesla by 19.8% in the third quarter. Darwin Wealth Management LLC now owns 901 shares of the electric vehicle producer’s stock valued at $401,000 after purchasing an additional 149 shares during the last quarter. Finally, Meyer Handelman Co. raised its holdings in Tesla by 31.8% in the third quarter. Meyer Handelman Co. now owns 1,555 shares of the electric vehicle producer’s stock worth $692,000 after purchasing an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Key Stores Impacting Tesla

Here are the key news stories impacting Tesla this week:

Analysts Set New Price Targets

A number of research firms have recently weighed in on TSLA. Melius began coverage on shares of Tesla in a report on Monday, October 13th. They issued a “buy” rating and a $520.00 price target on the stock. Evercore ISI increased their target price on shares of Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. China Renaissance lifted their price target on shares of Tesla from $349.00 to $380.00 and gave the stock a “hold” rating in a report on Friday, October 24th. William Blair reiterated a “market perform” rating on shares of Tesla in a report on Friday, September 5th. Finally, Piper Sandler reissued an “overweight” rating and issued a $500.00 price objective on shares of Tesla in a research report on Tuesday, December 9th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, fourteen have issued a Hold rating and nine have given a Sell rating to the company’s stock. According to MarketBeat, Tesla presently has an average rating of “Hold” and a consensus price target of $414.50.

View Our Latest Analysis on TSLA

Insider Transactions at Tesla

In related news, CFO Vaibhav Taneja sold 2,637 shares of the company’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $443.93, for a total value 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 represents a 16.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimbal Musk sold 56,820 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 1,391,615 shares of the company’s stock, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 19.90% of the company’s stock.

Tesla Price Performance

Shares of TSLA opened at $475.19 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.07 and a quick ratio of 1.67. The company’s fifty day moving average price is $444.97 and its 200-day moving average price is $387.32. Tesla, Inc. has a 1-year low of $214.25 and a 1-year high of $498.83. The firm has a market capitalization of $1.58 trillion, a PE ratio of 316.79, a price-to-earnings-growth ratio of 12.01 and a beta of 1.87.

Tesla (NASDAQ:TSLAGet Free Report) last issued its quarterly earnings results on Thursday, October 23rd. The electric vehicle producer reported $0.50 EPS for the quarter, topping 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 firm’s revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. On average, equities research analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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