Bessemer Group Inc. Purchases 5,066 Shares of Tesla, Inc. $TSLA

Bessemer Group Inc. raised its position in Tesla, Inc. (NASDAQ:TSLAFree Report) by 13.3% during the third quarter, Holdings Channel reports. The firm owned 43,269 shares of the electric vehicle producer’s stock after purchasing an additional 5,066 shares during the period. Bessemer Group Inc.’s holdings in Tesla were worth $19,243,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Manning & Napier Advisors LLC bought a new stake in shares of Tesla in the 3rd quarter valued at $29,000. Westend Capital Management LLC bought a new stake in Tesla in the third quarter valued at $32,000. Chapman Financial Group LLC acquired a new position in shares of Tesla during the second quarter valued at about $26,000. LGT Financial Advisors LLC bought a new position in shares of Tesla during the 2nd quarter worth about $29,000. Finally, CoreFirst Bank & Trust bought a new stake in Tesla in the 2nd quarter valued at about $30,000. Institutional investors own 66.20% of the company’s stock.

Tesla News Summary

Here are the key news stories impacting Tesla this week:

Analysts Set New Price Targets

TSLA has been the subject of a number of research reports. Phillip Securities reduced their price objective on Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research note on Monday, February 2nd. Roth Mkm set a $505.00 price target on shares of Tesla and gave the company a “buy” rating in a research report on Thursday, October 23rd. Wedbush restated an “outperform” rating and set a $600.00 price objective on shares of Tesla in a report on Thursday, January 29th. Evercore lifted their price objective on shares of Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 target price on shares of Tesla in a report on Thursday, January 29th. Seventeen investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $403.92.

Get Our Latest Report on TSLA

Insider Activity at Tesla

In other Tesla news, Director James R. Murdoch sold 60,000 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $445.40, for a total transaction of $26,724,000.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vaibhav Taneja sold 2,637 shares of Tesla stock in a transaction dated Monday, December 8th. The stock was sold at an average price of $443.93, for a total transaction of $1,170,643.41. Following the completion of the transaction, the chief financial officer owned 13,757 shares of the company’s stock, valued at $6,107,145.01. The trade was a 16.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 119,457 shares of company stock worth $53,501,145. Company insiders own 19.90% of the company’s stock.

Tesla Stock Up 3.5%

Tesla stock opened at $411.11 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.16 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.54 trillion, a P/E ratio of 380.66, a P/E/G ratio of 13.30 and a beta of 1.86. The firm has a 50 day moving average price of $446.45 and a 200-day moving average price of $410.61. Tesla, Inc. has a twelve month low of $214.25 and a twelve month high of $498.83.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings data on Wednesday, January 28th. The electric vehicle producer reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.05. The business had revenue of $24.90 billion during the quarter, compared to analyst estimates of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.Tesla’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.73 earnings per share. As a group, equities analysts predict that Tesla, Inc. will post 2.56 EPS for the current year.

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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