Crestwood Advisors Group LLC Has $6.46 Million Stake in Tesla, Inc. $TSLA

Crestwood Advisors Group LLC raised its stake in Tesla, Inc. (NASDAQ:TSLAFree Report) by 27.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,528 shares of the electric vehicle producer’s stock after buying an additional 3,105 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Tesla were worth $6,461,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TSLA. Vanguard Group Inc. lifted its position in shares of Tesla by 0.4% during the third quarter. Vanguard Group Inc. now owns 252,386,304 shares of the electric vehicle producer’s stock valued at $112,241,237,000 after purchasing an additional 995,623 shares in the last quarter. Geode Capital Management LLC increased its stake in Tesla by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 64,767,993 shares of the electric vehicle producer’s stock valued at $20,480,477,000 after buying an additional 1,269,304 shares during the last quarter. Norges Bank bought a new position in shares of Tesla during the 2nd quarter worth approximately $11,839,824,000. Legal & General Group Plc boosted its stake in shares of Tesla by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 20,225,098 shares of the electric vehicle producer’s stock worth $6,424,705,000 after buying an additional 1,134,678 shares during the last quarter. Finally, Amundi grew its holdings in shares of Tesla by 20.4% in the second quarter. Amundi now owns 20,194,152 shares of the electric vehicle producer’s stock valued at $6,374,284,000 after acquiring an additional 3,422,270 shares in the last quarter. Hedge funds and other institutional investors own 66.20% of the company’s stock.

Wall Street Analyst Weigh In

TSLA has been the topic of several research analyst reports. UBS Group boosted their price objective on Tesla from $307.00 to $352.00 and gave the stock a “sell” rating in a research report on Thursday, January 29th. Phillip Securities reduced their price target on shares of Tesla from $220.00 to $215.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Tesla from $150.00 to $145.00 and set an “underweight” rating for the company in a report on Friday, January 30th. Evercore boosted their target price on shares of Tesla from $235.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, China Renaissance raised their price target on shares of Tesla from $380.00 to $382.00 and gave the stock a “hold” rating in a research note on Monday, February 2nd. Eighteen 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’s stock. According to data from MarketBeat, Tesla presently has a consensus rating of “Hold” and a consensus price target of $408.09.

View Our Latest Research Report on Tesla

Tesla Trading Down 1.6%

Shares of TSLA stock opened at $410.63 on Wednesday. The stock has a market capitalization of $1.54 trillion, a price-to-earnings ratio of 380.21, a PEG ratio of 14.69 and a beta of 1.86. The company’s fifty day simple moving average is $443.10 and its two-hundred day simple moving average is $416.88. Tesla, Inc. has a 1 year low of $214.25 and a 1 year high of $498.83. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.16 and a quick ratio of 1.77.

Tesla (NASDAQ:TSLAGet Free Report) last announced its quarterly earnings results 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 company had revenue of $24.90 billion during the quarter, compared to analysts’ expectations of $24.75 billion. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. As a group, analysts anticipate that Tesla, Inc. will post 2.56 earnings per share for the current year.

Trending Headlines about Tesla

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Insider Transactions at Tesla

In related news, Director James R. Murdoch sold 60,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the director owned 577,031 shares of the company’s stock, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the 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 completion of the sale, the director owned 1,391,615 shares in the company, valued at $627,145,215.90. This represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 119,457 shares of company stock valued at $53,501,145. 19.90% of the stock is currently owned by corporate insiders.

Tesla Company 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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