Cary Street Partners Financial LLC Acquires 1,299 Shares of Tesla, Inc. $TSLA

Cary Street Partners Financial LLC increased its holdings in shares of Tesla, Inc. (NASDAQ:TSLAFree Report) by 14.2% during the third quarter, Holdings Channel.com reports. The firm owned 10,427 shares of the electric vehicle producer’s stock after buying an additional 1,299 shares during the period. Cary Street Partners Financial LLC’s holdings in Tesla were worth $4,637,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of TSLA. Chapman Financial Group LLC purchased a new position in shares of Tesla in the 2nd quarter valued at $26,000. Manning & Napier Advisors LLC bought a new stake in Tesla during the third quarter valued at about $29,000. CoreFirst Bank & Trust bought a new position in Tesla in the second quarter worth about $30,000. ESL Trust Services LLC raised its holdings in Tesla by 1,900.0% in the second quarter. ESL Trust Services LLC now owns 100 shares of the electric vehicle producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Finally, Delos Wealth Advisors LLC purchased a new stake in shares of Tesla during the second quarter valued at about $32,000. Institutional investors own 66.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on TSLA shares. Bank of America boosted their price objective on shares of Tesla from $341.00 to $471.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. New Street Research lifted their price target on shares of Tesla from $520.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. TD Cowen upped their price target on Tesla from $509.00 to $519.00 and gave the stock a “buy” rating in a research report on Thursday, January 29th. Evercore raised their price objective on Tesla from $235.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Finally, Glj Research restated a “sell” rating on shares of Tesla in a research note on Tuesday. Eighteen investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and nine have given a Sell rating to the stock. According to MarketBeat.com, Tesla has a consensus rating of “Hold” and a consensus price target of $408.09.

Check Out Our Latest Research Report on Tesla

Insiders Place Their Bets

In other Tesla news, Director James R. Murdoch sold 60,000 shares of Tesla 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 sale, the director directly owned 577,031 shares in the company, valued at approximately $257,009,607.40. The trade was a 9.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Kimbal Musk sold 56,820 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were 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 directly owned 1,391,615 shares in the company, valued at $627,145,215.90. This trade represents a 3.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 119,457 shares of company stock valued at $53,501,145. 19.90% of the stock is owned by insiders.

Key Stories Impacting Tesla

Here are the key news stories impacting Tesla this week:

Tesla Stock Performance

Shares of TSLA stock opened at $417.26 on Thursday. The business has a fifty day moving average of $436.53 and a 200 day moving average of $420.06. 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. The firm has a market capitalization of $1.57 trillion, a price-to-earnings ratio of 386.35, a price-to-earnings-growth ratio of 14.47 and a beta of 1.86.

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 analysts’ consensus estimates of $0.45 by $0.05. Tesla had a return on equity of 4.86% and a net margin of 4.00%.The business had revenue of $24.90 billion for the quarter, compared to analyst estimates of $24.75 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. As a group, research analysts expect that Tesla, Inc. will post 2.56 earnings per share 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.

See Also

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Institutional Ownership by Quarter for Tesla (NASDAQ:TSLA)

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